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Leases (Tables) | 3 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Supplemental Balance Sheet Information Related to Leases | Leasing receivables related to the Company’s net investment in sales-type leases are as follows (in thousands):
| Balance Sheet Location |  | March 31, 2021
Leasing receivables, net - current | Other current assets |  | $ | 8,957 |
Leasing receivables - long-term | Other assets |  | 29,903 |
|  |  | $ | 38,860 |
Supplemental balance sheet information related to leases is as follows (in thousands):
| Balance Sheet Location |  | March 31, 2021 |  | December 31, 2020
Operating Leases |  |  |  |  |
ROU assets, net | Operating lease ROU assets, net |  | $ | 1,041,395 |  |  | $ | 194,776 |
Lease liabilities, short-term | Operating lease liabilities, short-term |  | $ | 51,510 |  |  | $ | 29,579 |
Lease liabilities, long-term | Operating lease liabilities, long-term |  | $ | 1,155,551 |  |  | $ | 177,996 |
Deemed Landlord Financing |  |  |  |  |
Lease liabilities, short-term | Accrued expenses |  | $ | 1,567 |  |  | $ | — |
Lease liabilities, long-term | Deemed landlord financing, long-term |  | $ | 221,618 |  |  | $ | — |
Finance Leases |  |  |  |  |
ROU assets, net, | Other assets |  | $ | 2,761 |  |  | $ | 1,003 |
Lease liabilities, short-term | Accrued expenses |  | $ | 1,090 |  |  | $ | 252 |
Lease liabilities, long-term | Long-term other |  | $ | 1,903 |  |  | $ | 447 |
Components of Lease Expense and Other Information Related to Leases | The components of lease expense are as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Operating lease costs |  |  |  |  | $ | 20,497 |  |  | $ | 11,022 |
Financing lease costs: |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  |  |  | 322 |  |  | 167 |
Interest on lease liabilities |  |  |  |  | 20 |  |  | 11 |
Total financing lease costs |  |  |  |  | 342 |  |  | 178 |
Variable lease costs |  |  |  |  | 579 |  |  | 1,296 |
Total lease costs |  |  |  |  | $ | 21,418 |  |  | $ | 12,496 |
Other information related to leases was as follows (in thousands):
|  | Three Months Ended March 31,
Supplemental Cash Flows Information |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 18,852 |  |  | $ | 9,331 |
Operating cash flows from finance leases |  | $ | 9 |  |  | $ | 11 |
Financing cash flows from finance leases |  | $ | 95 |  |  | $ | 109 |
Lease liabilities arising from new ROU assets: |  |  |  |
Operating leases |  | $ | 28,419 |  |  | $ | 51,851 |
Finance leases |  | $ | 29 |  |  | $ | 22 |
| March 31, 2021 |  | December 31, 2020
Weighted average remaining lease term (years): |  |  |
Operating leases | 14.6 |  | 9.8
Finance leases | 2.8 |  | 3.0
Weighted average discount rate: |  |  |
Operating leases | 8.2 | % |  | 5.3 | %
Finance leases | 5.3 | % |  | 3.9 | %
Future Minimum Lease Obligations | Future minimum lease obligations as of March 31, 2021 were as follows (in thousands):
| Operating Leases |  | DLF Leases |  | Finance Leases
Remainder of 2021 | $ | 111,570 |  |  | $ | 13,253 |  |  | $ | 902 |
2022 | 146,151 |  |  | 20,026 |  |  | 1,171 |
2023 | 143,834 |  |  | 19,862 |  |  | 736 |
2024 | 141,171 |  |  | 20,054 |  |  | 352 |
2025 | 139,169 |  |  | 20,380 |  |  | 26 |
Thereafter | 1,464,450 |  |  | 355,973 |  |  | 9 |
Total future lease payments | 2,146,345 |  |  | 449,548 |  |  | 3,196 |
Less: imputed interest | 939,284 |  |  | 226,363 |  |  | 203 |
Total | $ | 1,207,061 |  |  | $ | 223,185 |  |  | $ | 2,993 |
Future Minimum Lease Obligations | Future minimum lease obligations as of March 31, 2021 were as follows (in thousands):
| Operating Leases |  | DLF Leases |  | Finance Leases
Remainder of 2021 | $ | 111,570 |  |  | $ | 13,253 |  |  | $ | 902 |
2022 | 146,151 |  |  | 20,026 |  |  | 1,171 |
2023 | 143,834 |  |  | 19,862 |  |  | 736 |
2024 | 141,171 |  |  | 20,054 |  |  | 352 |
2025 | 139,169 |  |  | 20,380 |  |  | 26 |
Thereafter | 1,464,450 |  |  | 355,973 |  |  | 9 |
Total future lease payments | 2,146,345 |  |  | 449,548 |  |  | 3,196 |
Less: imputed interest | 939,284 |  |  | 226,363 |  |  | 203 |
Total | $ | 1,207,061 |  |  | $ | 223,185 |  |  | $ | 2,993 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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=77888426&loc=SL77918701-209980 + Details
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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=77888426&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=77888426&loc=SL77918701-209980 + Details
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