XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Tables)
 3 Months Ended
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 LocationMarch 31,
2021
Leasing receivables, net - currentOther current assets$8,957 
Leasing receivables - long-termOther assets29,903 
$38,860 
Supplemental balance sheet information related to leases is as follows (in thousands):
Balance Sheet LocationMarch 31,
2021		December 31, 2020
Operating Leases
ROU assets, netOperating lease ROU assets, net$1,041,395 $194,776 
Lease liabilities, short-termOperating lease liabilities, short-term$51,510 $29,579 
Lease liabilities, long-termOperating lease liabilities, long-term$1,155,551 $177,996 
Deemed Landlord Financing
Lease liabilities, short-termAccrued expenses$1,567 $— 
Lease liabilities, long-termDeemed landlord financing, long-term$221,618 $— 
Finance Leases
ROU assets, net, Other assets$2,761 $1,003 
Lease liabilities, short-termAccrued expenses$1,090 $252 
Lease liabilities, long-termLong-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,
20212020
Operating lease costs$20,497 $11,022 
Financing lease costs:
Amortization of right-of-use assets322 167 
Interest on lease liabilities20 11 
Total financing lease costs342 178 
Variable lease costs579 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 Information20212020
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, 2021December 31, 2020
Weighted average remaining lease term (years):
Operating leases14.69.8
Finance leases2.83.0
Weighted average discount rate:
Operating leases8.2 %5.3 %
Finance leases5.3 %3.9 %
Future Minimum Lease Obligations
Future minimum lease obligations as of March 31, 2021 were as follows (in thousands):
Operating LeasesDLF LeasesFinance Leases
Remainder of 2021$111,570 $13,253 $902 
2022146,151 20,026 1,171 
2023143,834 19,862 736 
2024141,171 20,054 352 
2025139,169 20,380 26 
Thereafter1,464,450 355,973 9 
Total future lease payments2,146,345 449,548 3,196 
Less: imputed interest939,284 226,363 203 
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 LeasesDLF LeasesFinance Leases
Remainder of 2021$111,570 $13,253 $902 
2022146,151 20,026 1,171 
2023143,834 19,862 736 
2024141,171 20,054 352 
2025139,169 20,380 26 
Thereafter1,464,450 355,973 9 
Total future lease payments2,146,345 449,548 3,196 
Less: imputed interest939,284 226,363 203 
Total$1,207,061 $223,185 $2,993