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Leases (Tables)
9 Months Ended
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)2021202020212020
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, 2021December 31, 2020September 30, 2020
Weighted average remaining lease term (in years)8.849.129.24
Weighted average discount rate3.73 %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)2021202020212020
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 
2022164,404 
2023144,415 
2024124,609 
202595,162 
2026 and thereafter453,252 
Total lease payments$1,030,932 
Less: Interest160,289 
Total present value of lease liabilities$870,643