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Leases (Tables) | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Summary of Lease Costs | The components of lease costs for the three and nine months ended September 30, 2021 and September 30, 2020 are as follows (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2021 |  |  | September 30, 2020 |  |  | September 30, 2021 |  |  | September 30, 2020 |
Operating lease cost |  | $ | 16,900 |  |  | $ | 15,919 |  |  | $ | 49,500 |  |  | $ | 48,945 |
Short-term lease cost |  |  | 3,661 |  |  |  | 4,301 |  |  |  | 7,859 |  |  |  | 12,254 |
Amortization of right-of-use assets |  |  | 540 |  |  |  | 531 |  |  |  | 1,557 |  |  |  | 1,036 |
Interest on lease liabilities |  |  | 24 |  |  |  | 64 |  |  |  | 81 |  |  |  | 109 |
Sublease income |  |  | (960 | ) |  |  | (959 | ) |  |  | (2,529 | ) |  |  | (2,771 | )
Total lease cost |  | $ | 20,165 |  |  | $ | 19,856 |  |  | $ | 56,468 |  |  | $ | 59,573 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the nine months ended September 30, 2021 and September 30, 2020 is as follows (in thousands):
|  | Nine Months Ended |
|  | September 30, 2021 |  |  | September 30, 2020 |
Operating cash flows for operating leases |  | $ | 50,029 |  |  | $ | 45,343 |
Operating cash flows for finance leases |  |  | 82 |  |  |  | 111 |
Financing cash flows from finance leases |  |  | 1,539 |  |  |  | 1,080 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  |  | 7,456 |  |  |  | 19,587 |
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 September 30, 2021 and December 31, 2020 are as follows (in thousands):
|  | September 30, 2021 |  |  | December 31, 2020 |
Operating Leases: |  |  |  |  |  |  |  |
Right-of-use assets |  | $ | 188,519 |  |  | $ | 210,398 |
Lease liabilities: |  |  |  |  |  |  |  |
Current |  | $ | 54,466 |  |  | $ | 54,133 |
Long-term |  |  | 157,590 |  |  |  | 182,467 |
Total operating lease liabilities |  | $ | 212,056 |  |  | $ | 236,600 |
Finance Leases: |  |  |  |  |  |  |  |
Other noncurrent assets |  | $ | 3,482 |  |  | $ | 3,363 |
Accrued expenses and other current liabilities |  | $ | 1,599 |  |  | $ | 1,461 |
Other long-term liabilities |  | $ | 1,708 |  |  | $ | 1,733 |
Weighted Average Remaining Lease Term: |  |  |  |  |  |  |  |
Operating leases |  | 4.5 Years |  |  | 5 years |
Finance leases |  | 2.6 years |  |  | 3 years |
Weighted Average Discount Rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 3.5 | % |  |  | 3.7 | %
Finance leases |  |  | 2.6 | % |  |  | 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 September 30, 2021 is as follows (in thousands):
|  | Operating Leases |  |  | Finance Leases |
2021 (remaining) |  | $ | 15,043 |  |  | $ | 449 |
2022 |  |  | 60,318 |  |  |  | 1,511 |
2023 |  |  | 51,645 |  |  |  | 837 |
2024 |  |  | 40,809 |  |  |  | 429 |
2025 |  |  | 29,941 |  |  |  | 172 |
Thereafter |  |  | 30,812 |  |  |  | 3 |
Total lease payments |  |  | 228,568 |  |  |  | 3,401 |
Less: imputed interest |  |  | (16,512 | ) |  |  | (94 | )
Total present value of lease liabilities |  | $ | 212,056 |  |  | $ | 3,307 |

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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=123408670&loc=SL77918686-209980 + Details
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