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Operating Leases (Tables)

12 Months Ended

Dec. 31, 2020

Operating Lease Related Assets And Liabilities And Other Related Information

The

table below presents the operating lease-related right-of-use assets and related liabilities recorded on the Company’s balance sheet and the weighted average remaining lease term and discount rate as of December 31, 2020 and 2019 (dollars in thousands):


	December 31,
	2020			2019
Assets:
Operating lease right-of-use assets	$	44,926		$	56,413
Liabilities:
Current portion of operating lease liabilities		18,933			18,254
Long-term portion of operating lease liabilities		40,970			44,643
Other Information:
Weighted-average remaining lease term		4.0 years			4.2 years
Weighted average discount rate		5.0	%		5.0	%

Lease, Cost

The table below presents certain information related to the lease costs for operating leases during the years ended December 31, 2020 and 2019 (in thousands):


	December 31,
	2020		2019
Operating lease costs	$	20,972	$	23,085
Variable lease costs		4,519		3,102
Other equipment rent		4,128		3,931
Other operating lease costs		684		933

Total operating lease costs	$	30,303	$	31,051

Operating Leases Cash Flow Related Information

The table below presents supplemental cash flow information related to operating leases during the years ended December 31, 2020 and 2019 (in thousands):


	December 31, 2020		December 31, 2019
Operating cash flows for operating leases	$	27,933	$	28,722

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet as of December 31, 2020 (in thousands):


	December 31, 2020
2021	$	19,681
2022		16,584
2023		12,397
2024		8,125


2025		4,063
Thereafter		3,877

Total minimum lease payments		64,727
Less: Amount of payments representing interest		(4,824	)

Present value of future minimum lease payments		59,903
Less: Current obligations		(18,933	)

Long-term portion of operating leases	$	40,970