XML 49 R36.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Expense
The components of lease expense were as follows:
Year Ended December 31,
(In thousands)Classification20202019
Operating lease cost
Operating lease costOperating and SG&A expenses$46,082 $46,515 
Variable lease costOperating and SG&A expenses12,095 17,184 
Short-term lease costOperating and SG&A expenses4,964 6,617 
Total operating lease cost$63,141 $70,316 
Finance lease cost
Amortization of leased assetsDepreciation and amortization$2,376 $2,389 
Interest on lease liabilitiesInterest expense, net627 439 
Total finance lease cost$3,003 $2,828 
Summary of Supplemental Cash Flow Information Related to Leases
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,
(In thousands)20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$44,774 $47,084 
Operating cash flows from finance leases491 429 
Financing cash flows from finance leases2,588 2,485 
Summary of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases was as follows:
December 31,
(In thousands)20202019
Operating leases
Operating lease right-of-use assets, gross$214,548 $226,884 
Accumulated amortization(33,995)(23,353)
Operating lease right-of-use assets, net$180,553 $203,531 
Current portion of operating leases$35,725 $33,883 
Non-current operating leases160,248 184,301 
Total operating lease liabilities$195,973 $218,184 
Finance leases
Property and equipment, gross$16,404 $19,920 
Accumulated depreciation(3,807)(3,787)
Property and equipment, net$12,597 $16,133 
Current portion of finance leases$3,507 $3,662 
Non-current finance leases5,675 8,801 
Total finance lease liabilities$9,182 $12,463 
Summary of Additional Information Related to Leases
The following presents additional information related to the Company’s leases as of December 31, 2020:
December 31,
20202019
Weighted Average Remaining Lease Term
Operating leases8.6 years8.9 years
Finance leases7.0 years7.0 years
Weighted Average Discount Rate
Operating leases6.0 %6.0 %
Finance leases6.5 %6.5 %
Summary of Maturities of Lease Liabilities
As of December 31, 2020, maturities of lease liabilities were as follows:
(In thousands)Operating LeasesFinance LeasesTotal
2021$45,456 $3,978 $49,434 
202239,346 3,301 42,647 
202333,627 801 34,428 
202432,416 338 32,754 
202516,922 306 17,228 
Thereafter90,230 3,628 93,858 
Total lease payments257,997 12,352 270,349 
Amount of interest(62,024)(3,170)(65,194)
Present value of lease liabilities$195,973 $9,182 $205,155 
Summary of Minimum and Contingent Operating Lease Income
Minimum and contingent operating lease income was as follows:
Year Ended December 31,
(In thousands)202020192018
Minimum rental income$3,913 $7,479 $6,117 
Contingent rental income1,840 1,527 1,335 
Total rental income$5,753 $9,006 $7,452 
Summary of Future Minimum Rental Payments to be Received Under Operating Leases
Future minimum rent payments to be received under operating leases are as follows (in thousands):
Year Ending December 31,Amount
2021$3,498 
20223,040 
20232,371 
20241,433 
20251,431 
Thereafter1,489 
Total future minimum rent payments$13,262