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Operating Leases (Tables) | 6 Months Ended
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Jun. 30, 2021
Leases [Abstract] |
Schedule of Operating Lease Cost, Included in Selling, General and Administrative Expense | The operating lease cost, included in selling, general and administrative expense in the condensed consolidated statement of net and comprehensive income, consisted of the following (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lease cost (1) |  | $ | 6,512 |  |  | $ | 6,341 |  |  | $ | 13,101 |  |  | $ | 12,604 |
Variable lease cost (2) |  |  | 1,241 |  |  |  | 1,215 |  |  |  | 2,641 |  |  |  | 2,611 |
Sublease income |  |  | (19 | ) |  |  | (89 | ) |  |  | (52 | ) |  |  | (166 | )
|  | $ | 7,734 |  |  | $ | 7,467 |  |  | $ | 15,690 |  |  | $ | 15,049 |
(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 | Maturities of lease liabilities by year consisted of the following (in thousands):
|  | June 30, 2021 |
Remainder of 2021 |  | $ | 11,862 |
2022 |  |  | 19,536 |
2023 |  |  | 16,039 |
2024 |  |  | 13,913 |
2025 |  |  | 11,730 |
Thereafter |  |  | 14,575 |
Total future minimum lease payments |  |  | 87,655 |
Less imputed interest |  |  | (6,205 | )
Present value of operating lease liabilities |  | $ | 81,450 |
Schedule of Supplemental Cash Flow Information and Noncash Activity Related to Operating Leases | Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands):
|  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |
Operating cash flow information: |  |  |  |  |  |  |  |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 11,764 |  |  | $ | 10,456 |
Noncash activity: |  |  |  |  |  |  |  |
ROU assets obtained in exchange for operating lease liabilities |  | $ | 13,373 |  |  | $ | 6,334 |
Tenant improvements owned by lessor related to ROU assets (1) |  | $ | 881 |  |  | $ | 317 |
(1) | Reclassification from other assets current.
Schedule of Other Information Related to Operating Leases | Other information related to the operating leases consisted of the following:
|  | June 30, 2021 |  |  | December 31, 2020 |
Weighted average remaining operating lease term |  |  | 4.84 years |  |  |  | 4.70 years |
Weighted average discount rate |  |  | 3.0 | % |  |  | 3.1 | %

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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=121609121&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=121609121&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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