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Operating Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Operating Leases |
4. | Operating Leases
The Company has operating leases for all of its facilities and autos. As of December 31, 2019, operating lease ROU assets were $111.1 million and the related accumulated amortization was $20.6 million. The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands):
|  | Year Ended December 31, 2019 |
Operating lease cost: |  |  |  |
Lease cost (1) |  | $ | 24,372 |
Variable lease cost (2) |  |  | 5,305 |
Sublease income |  |  | (305 | )
|  | $ | 29,372 |
(1) | Includes short-term lease cost and ROU asset amortization.
(2) | Primarily relates to common area maintenance, property taxes, insurance, utilities and parking.
Maturities of lease liabilities consisted of the following (in thousands):
|  | Year Ended December 31, |
2020 |  | $ | 21,262 |
2021 |  |  | 19,002 |
2022 |  |  | 14,887 |
2023 |  |  | 11,657 |
2024 |  |  | 9,660 |
Thereafter |  |  | 12,773 |
Total future minimum lease payments |  |  | 89,241 |
Less imputed interest |  |  | (8,324 | )
Present value of operating lease liabilities |  | $ | 80,917 |
Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands):
|  | Year Ended December 31, 2019 |
Operating cash flow information: |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 20,266 |
Noncash activity: |  |  |  |
ROU assets obtained in exchange for operating lease liabilities |  | $ | 21,548 |
Tenant improvements owned by lessor related to ROU assets (1) |  | $ | 5,952 |
(1) | Reclassification from other assets current.
Additional noncash activity in connection with the adoption of the new lease standard on January 1, 2019 included recording of $76.7 million of ROU assets and operating lease liabilities, and reclassifying $7.8 million in prepaid rent and deferred rent to ROU assets. Other information related to the operating leases consisted of the following:
|  | December 31, 2019 |
Weighted average remaining operating lease term |  |  | 5.04 years |
Weighted average discount rate |  |  | 3.8 | %
As of the December 31, 2018, prior t o the adoption of the new leases standard, deferred rent totaled $5.6 million. The noncurrent portion is included in deferred rent and other liabilities and the current portion is included in accounts payable and other liabilities in the accompanying consolidated balance sheet as of December 31, 2018. Rental expense was $27.7 million and $25.6 million for the years ended December 31, 2018 and 2017, respectively, and is included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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