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Leases (Tables)
9 Months Ended
Sep. 30, 2022
LEASES  
Schedule of future minimum lease payments under non-cancelable operating leases
Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of September 30, 2022 are:
 
As of September 30, 2022
Maturity of Lease Liabilities (in thousands)
Operating Leases (1)
Remainder of 2022
$
11,323
2023
39,786
2024
30,591
2025
22,111
2026
15,611
Thereafter
24,865
Total lease payments
$
144,287
Less: imputed interest
(3,668
)
Present value of lease liabilities
$
140,619

(1)  Operating lease payments reflect our current fixed obligations under the operating lease agreements.

Schedule of lease expense recognized in the Consolidated Statements of Income
Lease expense recognized in the Consolidated Statements of Income is summarized as follows:  

Lease Expense 
(in thousands)
Income Statement Classification
Three Months Ended
September 30, 2022
Three Months Ended
September 30, 2021
Nine Months Ended
September 30, 2022
Nine Months Ended
September 30, 2021

Operating lease expense
Selling, general and administrative and Direct operating costs
$
12,222
$
13,880
$
38,766
$
41,884

Short-term and variable lease expense 
Selling, general and administrative and Direct operating costs
 
40,304
34,808
107,333
84,279

Total lease expense
 
$
52,526
$
48,688
$
146,099
$
126,163

Schedule of Lease Term and Discount Rate of Operating Leases
Other information about lease amounts recognized in the consolidated financial statements is summarized as follows: 

Lease Term and Discount Rate of Operating Leases
 
As of September 30, 2022
Weighted- average remaining lease term (years)
 
4.8
Weighted- average discount rate
 
2.3
%
Schedule of supplemental cash flow and non-cash information related to leases
The following table presents supplemental cash flow and non-cash information related to leases.


Other Information (in thousands)
 
Nine Months Ended
September 30, 2022
Nine months ended
September 30, 2021

Cash paid for amounts included in the measurement of lease liabilities (a)
 
$
37,908
$
38,763

Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
 
 

ROU assets obtained in exchange for new operating lease liabilities
 
$
26,487
$
57,580


         (a) Included in Net cash provided by operating activities on our Consolidated Statements of Cash Flows.