Leases

6 Months Ended

Jun. 30, 2021

3. Leases

Amounts reported in the Company’s Unaudited Condensed Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020 for our operating leases were as follows:

	June 30, 2021		December 31, 2020
	(Amounts in Thousands)
Operating lease assets, net	$	37,191	$	37,991

Short-term operating lease liabilities (in accrued expenses)		9,621		9,283
Long-term operating lease liabilities		34,339		35,516
Total operating lease liabilities	$	43,960	$	44,799

Lease Costs

Components of lease costs were reported in general and administrative expenses in the Company’s Unaudited Condensed Consolidated Statements of Income as follows:

	For the Three Months Ended June 30, (Amounts in Thousands)						For the Six Months Ended June 30, (Amounts in Thousands)
	2021			2020			2021			2020
Operating lease costs	$	2,775		$	2,120		$	5,552		$	4,238
Short-term lease costs		194			161			375			428
Less: sublease income		(152	)		(74	)		(303	)		(149	)
Total lease costs, net	$	2,817		$	2,207		$	5,624		$	4,517

Lease Term and Discount Rate

Weighted average remaining lease terms and discount rates were as follows:

	June 30, 2021			December 31, 2020
Operating leases:
Weighted average remaining lease term		6.72			6.97
Weighted average discount rate		4.03	%		4.18	%

Maturity of Lease Liabilities

A summary of our remaining operating lease payments as of June 30, 2021 were as follows:

	Operating Leases
	(Amounts in Thousands)
Due in the 12-month period ended June 30,
2022	$	10,967
2023		9,012
2024		7,109
2025		4,960
2026		3,289
Thereafter		15,095
Total future minimum rental commitments		50,432
Less: Imputed interest		(6,472	)
Total lease liabilities	$	43,960

Supplemental cash flows information

	For the Six Months Ended June 30, (Amounts in Thousands)
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,313	$	4,321

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		3,919		2,441