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Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Summary of Lease Costs | The components of lease costs for the three months ended March 31, 2021 and March 31, 2020 are as follows (in thousands):
|  | Three Months Ended |
|  | March 31, 2021 |  |  | March 31, 2020 |
Operating lease cost |  | $ | 16,361 |  |  | $ | 17,271 |
Short-term lease cost |  |  | 2,032 |  |  |  | 3,651 |
Amortization of right-of-use assets |  |  | 474 |  |  |  | 254 |
Interest on lease liabilities |  |  | 29 |  |  |  | 12 |
Sublease income |  |  | (776 | ) |  |  | (880 | )
Total lease cost |  | $ | 18,120 |  |  | $ | 20,308 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the three months ended March 31, 2021 and March 31, 2020 is as follows (in thousands):
|  | Three Months Ended |
|  | March 31, 2021 |  |  | March 31, 2020 |
Operating cash flows for operating leases |  | $ | 16,627 |  |  | $ | 16,420 |
Operating cash flows for finance leases |  |  | 30 |  |  |  | 25 |
Financing cash flows from finance leases |  |  | 480 |  |  |  | 278 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 4,865 |  |  |  | 15,106 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 619 |  |  | $ | - |
Schedule of Supplemental Balance Sheet and Other Information Related to Leases | Supplemental balance sheet and other information related to leases as of March 31, 2021 and December 31, 2020 are as follows (in thousands):
|  | March 31, 2021 |  |  | December 31, 2020 |
Operating Leases: |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | 204,189 |  |  | $ | 210,398 |
Lease liabilities: |  |  |  |  |  |  |  |
Current |  | $ | 54,113 |  |  | $ | 54,133 |
Long-term |  |  | 175,584 |  |  |  | 182,467 |
Total operating lease liabilities |  | $ | 229,697 |  |  | $ | 236,600 |
Finance Leases: |  |  |  |  |  |  |  |
Other noncurrent assets |  | $ | 3,526 |  |  | $ | 3,363 |
Accrued expenses and other current liabilities |  | $ | 1,596 |  |  | $ | 1,461 |
Other long-term liabilities |  | $ | 1,740 |  |  | $ | 1,733 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |  |  |
Operating leases |  | 4.8 years |  |  | 5 years |
Finance leases |  | 2.5 years |  |  | 3 years |
Weighted Average Discount Rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 3.6 | % |  |  | 3.7 | %
Finance leases |  |  | 3.3 | % |  |  | 3.8 | %
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 March 31, 2021 is as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
2021 (remaining) |  | $ | 46,223 |  |  | $ | 1,314 |
2022 |  |  | 56,945 |  |  |  | 1,240 |
2023 |  |  | 49,438 |  |  |  | 605 |
2024 |  |  | 39,044 |  |  |  | 212 |
2025 |  |  | 28,543 |  |  |  | 87 |
Thereafter |  |  | 29,952 |  |  |  | - |
Total lease payments |  |  | 250,145 |  |  |  | 3,458 |
Less: imputed interest |  |  | (20,448 | ) |  |  | (122 | )
Total present value of lease liabilities |  | $ | 229,697 |  |  | $ | 3,336 |

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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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