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Leases | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Leases |
5. | Leases
As of September 30, 2021, the weighted average remaining lease term was 6.7 and 4.0 years for operating and finance leases, respectively. As of September 30, 2021, the weighted average discount rate was 4.0% and 3.8% for operating and finance leases, respectively. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating lease expense |  |  |  |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 12,193 |  |  | $ | 13,038 |  |  | $ | 37,408 |  |  | $ | 39,043 |
Variable lease cost |  |  | 1,121 |  |  |  | 678 |  |  |  | 4,145 |  |  |  | 2,062 |
Short-term lease cost |  |  | 13 |  |  |  | 118 |  |  |  | 590 |  |  |  | 258 |
Sublease income |  |  | (1,352 | ) |  |  | (1,075 | ) |  |  | (5,164 | ) |  |  | (3,264 | )
Finance lease expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 594 |  |  |  | — |  |  |  | 1,811 |  |  |  | — |
Interest on lease liabilities |  |  | 77 |  |  |  | — |  |  |  | 248 |  |  |  | — |
Total lease expense |  | $ | 12,646 |  |  | $ | 12,759 |  |  | $ | 39,038 |  |  | $ | 38,099 |
Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Operating cash outflow from operating leases |  | $ | 40,072 |  |  | $ | 40,865 |
Operating cash outflow from finance leases |  | $ | 250 |  |  | $ | — |
Financing cash outflow from finance leases |  | $ | 1,409 |  |  | $ | — |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | 19,120 |  |  | $ | 62,514 |
Right-of-use assets obtained in exchange for finance lease obligations |  | $ | 59 |  |  | $ | — |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31 |  | Operating Leases |  |  | Finance Leases |
2021 |  | $ | 11,911 |  |  | $ | 535 |
2022 |  |  | 35,502 |  |  |  | 2,150 |
2023 |  |  | 24,955 |  |  |  | 2,069 |
2024 |  |  | 19,610 |  |  |  | 1,958 |
2025 |  |  | 14,725 |  |  |  | 1,385 |
Thereafter |  |  | 41,327 |  |  |  | 262 |
Total |  |  | 148,030 |  |  |  | 8,359 |
Less: Finance charges |  |  | 18,241 |  |  |  | 622 |
Total principal liability |  | $ | 129,789 |  |  | $ | 7,737 |
The Company has additional lease liabilities of $0.1 million which have not yet commenced as of September 30, 2021, and as such, have not been recognized on the consolidated balance sheets.

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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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