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v3.21.1

Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Schedule of lease position | The table below presents the lease-related assets and liabilities recorded on the condensed consolidated balance sheets (in thousands, except for remaining lease terms and percentages):
| March 31, 2021 |  | December 31, 2020
Operating Leases |  |  |
Assets |  |  |
Operating lease right-of-use assets | $ | 260,877 |  |  | $ | 275,756 |
Liabilities |  |  |
Operating lease liabilities, current | $ | 54,203 |  |  | $ | 49,291 |
Operating lease liabilities, non-current | 252,026 |  |  | 265,803 |
Total operating lease liabilities | $ | 306,229 |  |  | $ | 315,094 |
Finance Leases |  |  |
Assets |  |  |
Finance lease right-of-use assets(1) | $ | 19,491 |  |  | $ | 28,108 |
Liabilities |  |  |
Finance lease liabilities, current(2) | 15,658 |  |  | 20,795 |
Finance lease liabilities, non-current(3) | 4,716 |  |  | 6,593 |
Total finance lease liabilities | $ | 20,374 |  |  | $ | 27,388 |
Weighted-average remaining lease term (years) |  |  |
Operating leases | 6.0 |  | 6.3
Finance leases | 1.6 |  | 1.5
Weighted-average discount rate |  |  |
Operating leases | 6.5 | % |  | 6.4 | %
Finance leases | 4.6 | % |  | 4.7 | %
_______________ (1)This balance is included within property and equipment, net on the condensed consolidated balance sheets. (2)This balance is included within other current liabilities on the condensed consolidated balance sheets. (3)This balance is included within other liabilities on the condensed consolidated balance sheets.
Schedule of lease costs and supplemental cash flow information | The table below presents certain information related to the lease costs for operating leases for the three months ended March 31, 2021 and 2020 (in thousands):
| Three Months Ended March 31,
| 2021 |  | 2020
Operating Leases |  |  |
Operating lease cost | $ | 17,861 |  |  | $ | 26,230 |
Finance Leases |  |  |
Amortization of right-of-use assets | 7,806 |  |  | 6,167 |
Interest on lease liabilities | 294 |  |  | 440 |
Other Lease Costs |  |  |
Short-term lease cost | 1,855 |  |  | 1,014 |
Variable lease cost (1) | 1,961 |  |  | 3,740 |
Total lease cost | $ | 29,777 |  |  | $ | 37,591 |
_______________ (1)Consist primarily of common area maintenance, taxes and utilities for real estate leases, and certain vehicle-related charges under the Flexdrive program. The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the condensed consolidated statements of cash flows (in thousands):
| Three Months Ended March 31,
| 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | $ | 21,158 |  |  | $ | 13,273 |
Operating cash flows from finance leases | 279 |  |  | 440 |
Financing cash flows from finance leases | 9,894 |  |  | 6,167 |
Schedule of operating lease liabilities | The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the condensed consolidated balance sheet as of March 31, 2021 (in thousands):
| Operating Leases |  | Finance Leases |  | Total Leases
Remainder of 2021 | $ | 60,889 |  |  | $ | 14,243 |  |  | $ | 75,132 |
2022 | 74,171 |  |  | 4,958 |  |  | 79,129 |
2023 | 57,387 |  |  | 1,932 |  |  | 59,319 |
2024 | 52,459 |  |  | 1,221 |  |  | 53,680 |
2025 | 42,324 |  |  | — |  |  | 42,324 |
Thereafter | 96,608 |  |  | — |  |  | 96,608 |
Total minimum lease payments | 383,838 |  |  | 22,354 |  |  | 406,192 |
Less: amount of lease payments representing interest | (77,609) |  |  | (1,980) |  |  | (79,589) |
Present value of future lease payments | 306,229 |  |  | 20,374 |  |  | 326,603 |
Less: current obligations under leases | (54,203) |  |  | (15,658) |  |  | (69,861) |
Long-term lease obligations | $ | 252,026 |  |  | $ | 4,716 |  |  | $ | 256,742 |
Schedule of finance lease liabilities | The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the condensed consolidated balance sheet as of March 31, 2021 (in thousands):
| Operating Leases |  | Finance Leases |  | Total Leases
Remainder of 2021 | $ | 60,889 |  |  | $ | 14,243 |  |  | $ | 75,132 |
2022 | 74,171 |  |  | 4,958 |  |  | 79,129 |
2023 | 57,387 |  |  | 1,932 |  |  | 59,319 |
2024 | 52,459 |  |  | 1,221 |  |  | 53,680 |
2025 | 42,324 |  |  | — |  |  | 42,324 |
Thereafter | 96,608 |  |  | — |  |  | 96,608 |
Total minimum lease payments | 383,838 |  |  | 22,354 |  |  | 406,192 |
Less: amount of lease payments representing interest | (77,609) |  |  | (1,980) |  |  | (79,589) |
Present value of future lease payments | 306,229 |  |  | 20,374 |  |  | 326,603 |
Less: current obligations under leases | (54,203) |  |  | (15,658) |  |  | (69,861) |
Long-term lease obligations | $ | 252,026 |  |  | $ | 4,716 |  |  | $ | 256,742 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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