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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Amounts Reported in Condensed Consolidated Balance Sheets for Operating Leases

Amounts reported in the Consolidated Balance Sheets as of December 31, 2020 and 2019 for our operating leases were as follows:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Amounts in Thousands)

 

Operating lease assets, net

 

$

37,991

 

 

$

21,111

 

 

 

 

 

 

 

 

 

 

Short-term operating lease liabilities (in accrued expenses)

 

 

9,283

 

 

 

7,234

 

Long-term operating lease liabilities

 

 

35,516

 

 

 

14,301

 

Total operating lease liabilities

 

$

44,799

 

 

$

21,535

 

 

Components of Lease Cost Reported in General and Administrative Expenses in Condensed Consolidated Statements of Income

Components of lease cost were reported in general and administrative expenses in the Consolidated Statements of Income as follows:

 

 

 

For the Years Ended December 31,

 

 

 

(Amounts in Thousands)

 

 

 

2020

 

 

2019

 

Operating lease costs

 

$

9,197

 

 

$

7,219

 

Short-term lease costs

 

 

761

 

 

 

585

 

Less: sublease income

 

 

(323

)

 

 

(312

)

Total lease cost, net

 

$

9,635

 

 

$

7,492

 

 

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates for the years ended December 31, 2020 and 2019 were as follows:

 

 

 

2020

 

 

2019

 

Operating leases:

 

 

 

 

 

 

 

 

Weighted average remaining lease term

 

 

6.97

 

 

 

3.42

 

Weighted average discount rate

 

 

4.18

%

 

 

5.14

%

Supplemental Cash Flows Information

 

 

For the Years Ended December 31,

 

 

 

(Amounts in Thousands)

 

 

 

 

2020

 

 

 

2019

 

Supplemental Cash Flows Information

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

8,769

 

 

$

7,574

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

$

25,807

 

 

$

10,299