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Leases (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Assets and Liabilities, Lessee | Lease related assets and liabilities are recorded on the balance sheet as follows (in thousands):
|  | Classification on the Balance Sheet |  | December 31, 2021 |  |  | December 31, 2020 |
Assets |  |  |  |  |  |  |  |  |  |
Operating lease assets |  | Operating Lease Right-of-Use Assets, Net |  | $ | 112,187 |  |  | $ | 124,727 |
Finance lease assets |  | Property and Equipment, Net |  |  | 3,420 |  |  |  | 3,914 |
Total lease assets |  |  |  | $ | 115,607 |  |  | $ | 128,641 |
Liabilities |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |
Operating |  | Operating lease liabilities, current portion |  | $ | 28,279 |  |  | $ | 29,080 |
Finance [1] |  | Current portion of finance liabilities, long-term debt and non-recourse debt |  |  | 1,866 |  |  |  | 2,041 |
Noncurrent |  |  |  |  |  |  |  |  |  |
Operating |  | Operating Lease Liabilities |  |  | 89,917 |  |  |  | 101,375 |
Finance [1] |  | Finance Lease Liabilities |  |  | 1,977 |  |  |  | 2,988 |
Total lease liabilities |  |  |  | $ | 122,039 |  |  | $ | 135,484 |
[1] Also refer to Note 12 - Debt.
Lease, Cost | Certain information related to the lease costs for finance and operating leases is presented as follows (in thousands):
|  | Year Ended December 31, 2021 |  |  | Year Ended December 31, 2020 |
Operating lease cost |  | $ | 40,020 |  |  | $ | 39,506 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 1,687 |  |  |  | 1,225 |
Interest on lease liabilities |  |  | 287 |  |  |  | 352 |
Total finance lease cost |  |  | 1,974 |  |  |  | 1,577 |
Short-term lease cost |  |  | 350 |  |  |  | 3,293 |
Total lease cost |  | $ | 42,344 |  |  | $ | 44,376 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 38,874 |  |  | $ | 38,847 |
Operating cash flows for finance leases |  | $ | 1,255 |  |  | $ | 276 |
Financing activities for finance leases |  | $ | 1,289 |  |  | $ | 1,918 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 10,786 |  |  | $ | 23,940 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 1,198 |  |  | $ | 2,260 |
Weighted average remaining lease term: |  |  |  |  |  |  |  |
Operating leases |  | 6.2 years |  |  | 6.8 years |
Finance leases |  | 3.8 years |  |  | 2.9 years |
Weighted average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 4.56 | % |  |  | 4.65 | %
Finance leases |  |  | 5.26 | % |  |  | 6.47 | %
Lessee, Operating Lease, Liability, Maturity | The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of December 31, 2021 (in thousands).
|  | Operating Leases |  |  | Finance Leases |
2022 |  | $ | 36,704 |  |  | $ | 1,992 |
2023 |  |  | 28,388 |  |  |  | 759 |
2024 |  |  | 22,854 |  |  |  | 759 |
2025 |  |  | 14,617 |  |  |  | 536 |
2026 |  |  | 9,020 |  |  |  | 28 |
Thereafter |  |  | 26,356 |  |  |  | — |
Total minimum lease payments |  |  | 137,939 |  |  |  | 4,074 |
Less: amount of lease payment representing interest |  |  | (19,743 | ) |  |  | (231 | )
Present value of future minimum lease payments |  |  | 118,196 |  |  |  | 3,843 |
Less: current obligations under leases |  |  | (28,279 | ) |  |  | (1,866 | )
Long-term lease obligations |  | $ | 89,917 |  |  | $ | 1,977 |
Finance Lease, Liability, Maturity | The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of December 31, 2021 (in thousands).
|  | Operating Leases |  |  | Finance Leases |
2022 |  | $ | 36,704 |  |  | $ | 1,992 |
2023 |  |  | 28,388 |  |  |  | 759 |
2024 |  |  | 22,854 |  |  |  | 759 |
2025 |  |  | 14,617 |  |  |  | 536 |
2026 |  |  | 9,020 |  |  |  | 28 |
Thereafter |  |  | 26,356 |  |  |  | — |
Total minimum lease payments |  |  | 137,939 |  |  |  | 4,074 |
Less: amount of lease payment representing interest |  |  | (19,743 | ) |  |  | (231 | )
Present value of future minimum lease payments |  |  | 118,196 |  |  |  | 3,843 |
Less: current obligations under leases |  |  | (28,279 | ) |  |  | (1,866 | )
Long-term lease obligations |  | $ | 89,917 |  |  | $ | 1,977 |

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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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