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Leases (Tables)

12 Months Ended

Dec. 31, 2020

The components of lease cost along with its classification on the Company's consolidated statements of operations were as follows:


		Year Ended December 31,
Lease Cost	Classification	2020		2019
		(Amounts in thousands)
Operating lease cost (1)	Other operating expenses	$	15,814	$	15,146
Finance lease cost:
Amortization of assets	Other operating expenses	338		—
Interest on lease liabilities	Interest expense	13		—
Variable lease cost (1)	Other operating expenses	1,697		2,196
Total lease cost		17,862		17,342

__________

(1) Includes short-term leases, which are immaterial.

Total rent expense recognized under the Company's various operating lease agreements was $14.9 million for the year ended December 31, 2018.

Weighted-average lease term and discount rate were as follows:


	December 31,
	2020	2019
Weighted-average remaining lease term (in years):
Operating leases	3.8	4.4
Finance leases	5.1	—


Weighted-average discount rate:
Operating leases	2.82	%	3.02	%
Finance leases	0.82	%	—

Supplemental cash flow and other information related to leases was as follows:


	Year Ended December 31,
	2020		2019
	(Amounts in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,539	$	14,289
Operating cash flows from finance leases	13		—
Financing cash flows from finance leases	609		—

ROU assets obtained in exchange for lease liabilities:
Operating leases	8,673		15,372
Finance leases	3,047		—

on the Company's consolidated balance sheets were as follows:


		December 31,
Lease Assets and Liabilities	Classification	2020		2019
		(Amounts in thousands)
Operating lease assets	Operating lease right-of-use assets	$	40,554	$	44,909
Operating lease liabilities	Operating lease liabilities	43,825		47,996
Finance lease assets	Other assets	3,107		—
Finance lease liabilities	Other liabilities	2,836		—

Maturities of lease liabilities as of December 31, 2020 were as follows: