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Leases (Tables) | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Lessee, Operating Lease, Liability, Maturity | As of June 30, 2021, the undiscounted future lease payments for operating and finance lease liabilities were as follows:
(in thousands) | Operating |  | Finance
2021 (remaining) | $ | 31,653 |  |  | $ | 10,193 |
2022 | 56,891 |  |  | 18,747 |
2023 | 46,544 |  |  | 15,296 |
2024 | 38,183 |  |  | 12,375 |
2025 | 31,384 |  |  | 12,482 |
Thereafter | 74,309 |  |  | 18,932 |
Total lease payments | 278,964 |  |  | 88,025 |
Less: interest | (44,484) |  |  | (6,496) |
Present value of lease liabilities | $ | 234,480 |  |  | $ | 81,529 |
Finance Lease, Liability, Fiscal Year Maturity | As of June 30, 2021, the undiscounted future lease payments for operating and finance lease liabilities were as follows:
(in thousands) | Operating |  | Finance
2021 (remaining) | $ | 31,653 |  |  | $ | 10,193 |
2022 | 56,891 |  |  | 18,747 |
2023 | 46,544 |  |  | 15,296 |
2024 | 38,183 |  |  | 12,375 |
2025 | 31,384 |  |  | 12,482 |
Thereafter | 74,309 |  |  | 18,932 |
Total lease payments | 278,964 |  |  | 88,025 |
Less: interest | (44,484) |  |  | (6,496) |
Present value of lease liabilities | $ | 234,480 |  |  | $ | 81,529 |
Lease Activity | The Company’s lease activity during the six months ended June 30, 2021 and 2020 was as follows:
(in thousands) | Six Months Ended June 30,
Financial Statement Line | 2021 |  | 2020
Finance Lease Expense |  |  |
Amortization of finance lease assets | $ | 9,514 |  |  | $ | — |
Interest on obligations under finance leases | 1,098 |  |  | — |
Total finance lease expense | $ | 10,612 |  |  | $ | — |
Operating Lease Expense |  |  |
Fixed lease expense |  |  |
Cost of leasing and services | $ | 2,131 |  |  | $ | 3,074 |
Selling, general and administrative | 29,359 |  |  | 16,866
Lease impairment expense and other related charges | 1,107 |  |  | 1,359 |
Short-term lease expense |  |  |
Cost of leasing and services | 11,575 |  |  | 13,603
Selling, general and administrative | 723 |  |  | 851
Lease impairment expense and other related charges | — |  |  | 466 |
Variable lease expense |  |  |
Cost of leasing and services | 3,373 |  |  | 3,657
Selling, general and administrative | 3,792 |  |  | 2,131
Lease impairment expense and other related charges | 335 |  |  | 511 |
Total operating lease expense | $ | 52,395 |  |  | $ | 42,518 |
Supplemental cash flow information related to leases for the six months ended June 30, 2021 and 2020 was as follows:
(in thousands) | Six Months Ended June 30,
Supplemental Cash Flow Information | 2021 |  | 2020
Cash paid for the amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows from operating leases | $ | 33,409 |  |  | $ | 20,271 |
Financing cash outflows from finance leases | $ | 8,030 |  |  | $ | — |
Right of use assets obtained in exchange for lease obligations | $ | 28,288 |  |  | $ | 19,242 |
Assets obtained in exchange for finance leases | $ | 11,530 |  |  | $ | — |
Weighted-Average Remaining Operating Lease Term and Weighted Average Discount Rate | Weighted-average remaining operating lease terms and the weighted average discount rates as of June 30, 2021 and December 31, 2020 were as follows:
Lease Terms and Discount Rates | June 30, 2021 |  | December 31, 2020
Weighted-average remaining lease term - operating leases | 6.2 years |  | 6.4 years
Weighted-average discount rate - operating leases | 5.6 | % |  | 5.7 | %
Weighted-average remaining lease term - finance leases | 4.5 years |  | 4.6 years
Weighted-average discount rate - finance leases | 2.9 | % |  | 2.9 | %

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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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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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Lessee, Lease, Description + References No definition available. + Details
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