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Leases (Tables) | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Summary of Lease Costs | The components of lease costs for the three and six months ended June 30, 2020 and June 30, 2019 are as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |  |  | June 30, 2020 |  |  | June 30, 2019 |
Operating lease cost |  | $ | 15,755 |  |  | $ | 17,581 |  |  | $ | 33,026 |  |  | $ | 35,866 |
Short-term lease cost |  |  | 4,301 |  |  |  | 3,492 |  |  |  | 7,952 |  |  |  | 5,496 |
Amortization of right-of-use assets |  |  | 251 |  |  |  | 110 |  |  |  | 505 |  |  |  | 335 |
Interest on lease liabilities |  |  | 22 |  |  |  | 15 |  |  |  | 46 |  |  |  | 31 |
Sublease income |  |  | (932 | ) |  |  | (1,085 | ) |  |  | (1,812 | ) |  |  | (2,015 | )
Total lease cost |  | $ | 19,397 |  |  | $ | 20,113 |  |  | $ | 39,717 |  |  | $ | 39,713 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the six months ended June 30, 2020 and June 30, 2019 is as follows (in thousands):
|  | Six Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
Operating cash flows for operating leases |  | $ | 30,676 |  |  | $ | 35,012 |
Operating cash flows for financing activities |  |  | 46 |  |  |  | 412 |
Financing cash flows from finance leases |  |  | 553 |  |  |  | - |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 17,034 |  |  |  | 254,084 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | - |  |  | $ | 1,818 |
Schedule of Supplemental Balance Sheet and Other Information Related to Leases | Supplemental balance sheet and other information related to leases as of June 30, 2020 and December 31, 2019 are as follows (in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |
Operating Leases: |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | 225,054 |  |  | $ | 233,415 |
Lease liabilities: |  |  |  |  |  |  |  |
Current |  | $ | 47,648 |  |  | $ | 49,994 |
Long-term |  |  | 201,472 |  |  |  | 203,624 |
Total operating lease liabilities |  | $ | 249,120 |  |  | $ | 253,618 |
Finance Leases: |  |  |  |  |  |  |  |
Other noncurrent assets |  | $ | 1,876 |  |  | $ | 2,377 |
Accrued expenses and other current liabilities |  | $ | 1,031 |  |  | $ | 1,075 |
Other long-term liabilities |  | $ | 695 |  |  | $ | 1,202 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |  |  |
Operating leases |  | 5 years |  |  | 6 years |
Finance leases |  | 2 years |  |  | 3 years |
Weighted Average Discount Rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 3.8 | % |  |  | 4.0 | %
Finance leases |  |  | 4.5 | % |  |  | 4.5 | %
Schedule of Maturity Analysis of Future Undiscounted Cash Flows | A maturity analysis of the future undiscounted cash flows associated with the Company’s operating and finance lease liabilities as of June 30, 2020 is as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
2020 (remaining) |  | $ | 25,732 |  |  | $ | 560 |
2021 |  |  | 59,006 |  |  |  | 879 |
2022 |  |  | 53,031 |  |  |  | 334 |
2023 |  |  | 46,075 |  |  |  | 56 |
2024 |  |  | 36,213 |  |  |  | - |
Thereafter |  |  | 55,006 |  |  |  | - |
Total lease payments |  |  | 275,063 |  |  |  | 1,829 |
Less: imputed interest |  |  | (25,943 | ) |  |  | (102 | )
Total present value of lease liabilities |  | $ | 249,120 |  |  | $ | 1,727 |

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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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