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Lease Accounting (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Lease, Cost | The components of lease expense were as follows (in thousands):
|  |  | Years Ended December 31, |  |  |
|  |  | 2021 |  | 2020 |  | 2019 |  |  |
Components of lease expense: |  |  |  |  |  |  |  |  |  |
Operating lease cost (a) |  |  | $ | 59,405 |  |  | $ | 23,931 |  |  | $ | 29,205 |  |  |  |
Financing lease cost: |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 29,743 |  |  | 16,504 |  |  | 11,252 |  |  |  |
Interest on lease liabilities |  |  | 7,135 |  |  | 2,969 |  |  | 2,941 |  |  |  |
Sublease income (b) |  |  | (3,785) |  |  | (551) |  |  | (499) |  |  |  |
Net lease expense |  |  | $ | 92,498 |  |  | $ | 42,853 |  |  | $ | 42,899 |  |  |  |
(a) Includes short-term lease and variable lease costs, which are immaterial. (b) Sublease income relates to five warehouses in the U.S., one in Australia, and one in New Zealand, and sites in five countries in Europe. Other information related to leases is as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Supplemental Cash Flow Information (in thousands) |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from operating leases | $ | (52,226) |  |  | $ | (20,070) |  |  | $ | (24,992) |
Operating cash flows from finance leases | $ | (10,342) |  |  | $ | (2,969) |  |  | $ | (2,941) |
Financing cash flows from finance leases | $ | (32,441) |  |  | $ | (19,970) |  |  | $ | (13,339) |
Right-of-use assets obtained in exchange for lease obligations |  |  |  |  |
Operating leases | $ | 50,886 |  |  | $ | 44,919 |  |  | $ | 12,492 |
Finance leases | $ | 24,567 |  |  | $ | 38,858 |  |  | $ | 30,416 |
Weighted-average remaining lease term (years) |  |  |  |  |
Operating leases | 11.7 |  | 10.5 |  | 6.1
Finance leases | 3.6 |  | 4.8 |  | 4.4
Weighted-average discount rate |  |  |  |  |
Operating leases | 2.7 | % |  | 2.9 | % |  | 4.1 | %
Finance leases | 3.4 | % |  | 3.6 | % |  | 5.5 | %
Finance Lease, Liability, Maturity | Future minimum lease payments under non-cancellable leases as of December 31, 2021 were as follows (in thousands):
Years ending December 31, | Operating Lease Payments | Finance Lease Payments | Total Lease Payments
2022 | $ | 40,623 |  | $ | 36,348 |  | $ | 76,971 |
2023 | 37,693 |  | 29,356 |  | 67,049 |
2024 | 34,728 |  | 20,119 |  | 54,847 |
2025 | 31,629 |  | 8,301 |  | 39,930 |
2026 | 27,423 |  | 4,088 |  | 31,511 |
Thereafter | 183,400 |  | 5,339 |  | 188,739 |
Total future minimum lease payments | 355,496 |  | 103,551 |  | 459,047 |
Less: Interest | (53,731) |  | (5,918) |  | (59,649) |
Total future minimum lease payments less interest | $ | 301,765 |  | $ | 97,633 |  | $ | 399,398 |
Reported as of December 31, 2021 |  |  |
Accounts payable and accrued expenses | $ | 116 |  | $ | 646 |  | $ | 762 |
Operating lease obligations | 301,649 |  | — |  | 301,649 |
Finance lease obligations | — |  | 96,987 |  | 96,987 |
Total lease obligations | $ | 301,765 |  | $ | 97,633 |  | $ | 399,398 |
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments under non-cancellable leases as of December 31, 2021 were as follows (in thousands):
Years ending December 31, | Operating Lease Payments | Finance Lease Payments | Total Lease Payments
2022 | $ | 40,623 |  | $ | 36,348 |  | $ | 76,971 |
2023 | 37,693 |  | 29,356 |  | 67,049 |
2024 | 34,728 |  | 20,119 |  | 54,847 |
2025 | 31,629 |  | 8,301 |  | 39,930 |
2026 | 27,423 |  | 4,088 |  | 31,511 |
Thereafter | 183,400 |  | 5,339 |  | 188,739 |
Total future minimum lease payments | 355,496 |  | 103,551 |  | 459,047 |
Less: Interest | (53,731) |  | (5,918) |  | (59,649) |
Total future minimum lease payments less interest | $ | 301,765 |  | $ | 97,633 |  | $ | 399,398 |
Reported as of December 31, 2021 |  |  |
Accounts payable and accrued expenses | $ | 116 |  | $ | 646 |  | $ | 762 |
Operating lease obligations | 301,649 |  | — |  | 301,649 |
Finance lease obligations | — |  | 96,987 |  | 96,987 |
Total lease obligations | $ | 301,765 |  | $ | 97,633 |  | $ | 399,398 |
Lessor, Operating Lease, Payments to be Received, Maturity | Future minimum lease payments due from our customers on leases as of December 31, 2021 were as follows (in thousands):
| Operating Leases
Year ending December 31,
2022 | $ | 35,425 |
2023 | 28,803 |
2024 | 22,262 |
2025 | 14,329 |
2026 | 10,903 |
Thereafter | 44,379 |
Total | $ | 156,101 |

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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 Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
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