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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases |
15. | Leases
The Company has non-cancelable operating lease arrangements for its office space and equipment that expire at various dates through 2035. In addition, the Company rents office equipment under agreements that may be canceled anytime. The following table presents supplemental balance sheet information related to our operating leases:
(In thousands) |  | Balance Sheet Location |  | December 31, 2020 |  | December 31, 2019
Assets |  |  |  |  |  |
Operating lease ROU assets |  | Other assets |  | $ | 85,034 |  |  | $ | 68,351 |
Liabilities |  |  |  |  |  |
Current operating lease liabilities |  | Other current liabilities |  | 16,445 |  |  | 13,176 |
Non-current operating lease liabilities |  | Other liabilities |  | 82,969 |  |  | 67,910 |
Total lease liabilities |  |  |  | $ | 99,414 |  |  | $ | 81,086 |
The following table presents the weighted average remaining lease term and discount rate:
Operating leases |  |  |  | December 31, 2020 |  | December 31, 2019 |
Weighted average remaining term (in years) |  |  |  | 10.2 |  | 8.5 |
Weighted average discount rate |  |  |  | 4.5 | % |  | 4.6 | % |
Maturities of our operating lease liabilities are as follows:
(In thousands) |  | December 31, 2020
2021 |  | $ | 20,384 |
2022 |  | 16,668 |
2023 |  | 12,484 |
2024 |  | 9,752 |
2025 |  | 7,583 |
Thereafter |  | 57,180 |
Total lease payments |  | $ | 124,051 |
Less: Imputed interest |  | (24,637) |
Total lease obligations |  | $ | 99,414 |
Less: Current portion of lease obligations |  | 16,445 |
Long-term lease obligations |  | $ | 82,969 |
Leases with an initial term of twelve months or less are not recorded on the consolidated balance sheet. Short-term lease payments are recognized on a straight-line basis and variable short-term lease payments are recognized in the period in which the obligation is incurred. We recognized $18.2 million, $18.3 million, and $15.7 million of operating lease expense during 2020, 2019 and 2018, respectively, which includes these immaterial short-term leases and variable lease costs as well as lease expense related to equipment and vehicles. These amounts are classified as general and administrative expenses on our consolidated statements of income. The following table presents supplemental cash flow and other information related to our leases:
(In thousands) |  | December 31, 2020 |  | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 14,511 |  |  | $ | 16,314 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |  |
Operating leases(a) |  | $ | 32,469 |  |  | $ | 11,001 |
(a) Includes non-cash transactions resulting in adjustments to the lease liability or ROU asset due to modification, impairment or other reassessment events.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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