Leases (Notes)

12 Months Ended

Dec. 31, 2020


11.			Leases

In 2019, we adopted ASU No. 2016-02, Leases (Topic 842). We have operating leases for office space, other operating facilities, vehicles and office equipment. Our fixed operating lease costs for 2020, 2019 and 2018 were $17.3 million, $15.9 million and $15.4 million, respectively, and are included in general and administrative expenses on our Consolidated Statements of Operations. During 2020, cash paid for amounts included in the measurement of operating lease liabilities was $19.1 million.

The following table presents the lease balances within our Consolidated Balance Sheets, weighted average lease term and weighted average discount rates related to our operating leases:


(dollars in thousands)	Classification in Consolidated Balance Sheets	December 31, 2020

Operating lease ROU assets	Right-of-use leased assets	$	60,663

Lease liabilities:
Current operating lease liabilities	Other accrued liabilities	16,518
Long-term operating lease liabilities	Operating lease liabilities, net of current	64,289
Total operating lease liabilities		80,807
Less:
Landlord funded tenant improvements		14,189
Deferred rent		5,955
Operating lease ROU assets		$	60,663

Weighted average remaining lease term (years)		5
Weighted average discount rate		4.0		%

The following presents the maturity of our operating leases liabilities as of December 31, 2020:


(in thousands)	Operating Leases

2021	$	19,384
2022	18,444
2023	15,828
2024	12,791
2025	9,237
Thereafter	14,306
Total remaining obligation	89,990
Less imputed interest	9,183
Present value of lease liabilities	$	80,807

As of December 31, 2020, we have additional operating leases that have not yet commenced of $16.5 million with lease terms ranging from 4 years to 7 years.