XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases | 9 Months Ended
--- | ---
Sep. 30, 2020
Leases [Abstract] |
Leases | NOTE 14. LEASES We determine if a contract is a lease at inception. We have leases for office space and facilities, automobiles, and certain information technology equipment. All of our leases are classified as operating leases and the majority of which are for office space and facilities. Supplemental balance sheet information related to the Company’s operating leases as of September 30, 2020 and December 31, 2019 was as follows (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
Weighted-average remaining lease term |  | 6.8 years |  |  | 6.9 years |
Weighted-average discount rate |  |  | 3.7 | % |  |  | 3.6 | %
The components of lease expense and other lease information as of and during the three-month period ended September 30, 2020 and 2019 are as follows (in thousands):
|  | September 30, 2020 |  |  | September 30, 2019 |
Operating lease cost |  | $ | 8,329 |  |  | $ | 9,406 |
Cash paid for amounts included in measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 7,773 |  |  | $ | 9,535 |
The components of lease expense and other lease information as of and during the nine-month period ended September 30, 2020 and 2019 are as follows (in thousands):
|  | September 30, 2020 |  |  | September 30, 2019 |
Operating lease cost |  | $ | 26,006 |  |  | $ | 27,864 |
Cash paid for amounts included in measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 26,575 |  |  | $ | 27,994 |
Our leases have remaining lease terms of 1 year to 11 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments. A number of leased properties are owned indirectly by and leased from persons employed by the Company, none of whom are members of our senior management. In the aggregate, for the three and nine month periods ending September 30, 2020 and 2019, we made lease payments to those related parties of approximately $0.6 million and $0.6 million, respectively, and $1.7 million and $1.8 million, respectively. The following table summarizes the maturity of our operating lease liabilities as of September 30, 2020 (in thousands):
|  | Operating Leases |
2020 |  | $ | 8,973 |
2021 |  |  | 35,003 |
2022 |  |  | 28,666 |
2023 |  |  | 26,258 |
2024 |  |  | 23,081 |
Thereafter |  |  | 69,278 |
Total undiscounted lease payments |  |  | 191,259 |
Less: imputed interest |  |  | (22,770 | )
Total lease liabilities |  | $ | 168,489 |
The following table summarizes the maturity of our operating lease commitments as of December 31, 2019 (in thousands):
|  | Operating Leases |
2020 |  | $ | 34,775 |
2021 |  |  | 32,371 |
2022 |  |  | 26,112 |
2023 |  |  | 24,273 |
2024 |  |  | 21,578 |
Thereafter |  |  | 67,025 |
Total undiscounted lease payments |  |  | 206,134 |
Less: imputed interest |  |  | (45,086 | )
Total lease liabilities |  | $ | 161,048 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration