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Leases (Tables) | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Lease costs | The following table illustrates operating and variable lease costs, included in selling, general and administrative expenses within the Company's unaudited condensed consolidated statement of operations, for the periods indicated:
| Three months ended September 30, | Nine months ended September 30,
(In thousands) | 2021 | 2020 | 2021 | 2020
Operating lease costs | $ | 35,630 |  | $ | 36,882 |  | $ | 106,973 |  | $ | 108,614 |
Variable lease costs | $ | 4,650 |  | $ | 2,879 |  | $ | 12,025 |  | $ | 5,447 |
The weighted average remaining lease term and discount rate for the periods indicated below were as follows:
| September 30, 2021 |  | December 31, 2020 |  | September 30, 2020
Weighted average remaining lease term (in years) | 8.84 |  | 9.12 |  | 9.24
Weighted average discount rate | 3.73 | % |  | 3.83 | % |  | 3.82 | %
Supplemental Cash Flow Information The following table presents supplemental information relating to cash flow arising from lease transactions:
| Three months ended September 30, | Nine months ended September 30,
(In thousands) | 2021 | 2020 | 2021 | 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash outflows from operating leases | $ | 44,161 |  | $ | 37,810 |  | $ | 135,035 |  | $ | 113,784 |
Leased assets obtained in exchange for new operating lease liabilities | $ | 5,348 |  | $ | 11,018 |  | $ | 18,396 |  | $ | 393,850 |
Operating lease liability maturity | The following table presents the future minimum lease payments under our operating lease liabilities as of September 30, 2021:
(In thousands) |
Fiscal year ending December 31, |
2021 (three months ended) | $ | 49,090 |
2022 | 164,404 |
2023 | 144,415 |
2024 | 124,609 |
2025 | 95,162 |
2026 and thereafter | 453,252 |
Total lease payments | $ | 1,030,932 |
Less: Interest | 160,289 |
Total present value of lease liabilities | $ | 870,643 |

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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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