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Leases (Tables) | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Summary of Lease Costs | The components of lease costs for the three and nine months ended September 30, 2020 and September 30, 2019 are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2020 |  |  | September 30, 2019 |  |  | September 30, 2020 |  |  | September 30, 2019 |
Operating lease cost |  | $ | 15,919 |  |  | $ | 17,969 |  |  | $ | 48,945 |  |  | $ | 53,835 |
Short-term lease cost |  |  | 4,301 |  |  |  | 5,429 |  |  |  | 12,254 |  |  |  | 10,925 |
Amortization of right-of-use assets |  |  | 531 |  |  |  | 120 |  |  |  | 1,036 |  |  |  | 455 |
Interest on lease liabilities |  |  | 64 |  |  |  | 15 |  |  |  | 109 |  |  |  | 46 |
Sublease income |  |  | (959 | ) |  |  | (712 | ) |  |  | (2,771 | ) |  |  | (2,727 | )
Total lease cost |  | $ | 19,856 |  |  | $ | 22,821 |  |  | $ | 59,573 |  |  | $ | 62,534 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the nine months ended September 30, 2020 and September 30, 2019 is as follows (in thousands):
|  | Nine Months Ended |
|  | September 30, 2020 |  |  | September 30, 2019 |
Operating cash flows for operating leases |  | $ | 45,343 |  |  | $ | 52,056 |
Operating cash flows for financing activities |  |  | 111 |  |  |  | 46 |
Financing cash flows from finance leases |  |  | 1,080 |  |  |  | 524 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 19,587 |  |  |  | 274,212 |
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 September 30, 2020 and December 31, 2019 are as follows (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
Operating Leases: |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | 212,592 |  |  | $ | 233,415 |
Lease liabilities: |  |  |  |  |  |  |  |
Current |  | $ | 48,661 |  |  | $ | 49,994 |
Long-term |  |  | 189,319 |  |  |  | 203,624 |
Total operating lease liabilities |  | $ | 237,980 |  |  | $ | 253,618 |
Finance Leases: |  |  |  |  |  |  |  |
Other noncurrent assets |  | $ | 2,757 |  |  | $ | 2,377 |
Accrued expenses and other current liabilities |  | $ | 1,345 |  |  | $ | 1,075 |
Other long-term liabilities |  | $ | 1,247 |  |  | $ | 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 |  |  | 4.7 | % |  |  | 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 September 30, 2020 is as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
2020 (remaining) |  | $ | 11,735 |  |  | $ | 381 |
2021 |  |  | 58,792 |  |  |  | 1,291 |
2022 |  |  | 53,521 |  |  |  | 735 |
2023 |  |  | 46,386 |  |  |  | 316 |
2024 |  |  | 36,502 |  |  |  | 8 |
Thereafter |  |  | 55,471 |  |  |  | - |
Total lease payments |  |  | 262,407 |  |  |  | 2,731 |
Less: imputed interest |  |  | (24,427 | ) |  |  | (139 | )
Total present value of lease liabilities |  | $ | 237,980 |  |  | $ | 2,592 |

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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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