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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Present Value of Lease Payments for Remaining Lease Term
Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company’s
right-of-use
assets and lease liabilities for operating leases as of December 31, 2020 and 2019 were as follows:
 
(in thousands)
  
Classification
  
December 31,
2020
   
December 31,
2019
 
Assets
             
Operating lease
right-of-use
assets
  Other assets  $49,772   
$
93,924 
Liabilities
             
Current operating lease liabilities
  Other accrued expenses   20,894    34,072 
Noncurrent operating lease liabilities
  Other long-term liabilities   44,737    84,902 
      
 
 
   
 
 
 
Total lease liabilities
     $65,631   
$
118,974 
      
 
 
   
 
 
 
Schedule of Right-of-use Assets and Related Lease Liabilities
Information related to the Company’s
right-of-use
assets and related lease liabilities were as follows:
 
   
Year Ended December 31,
 
(in thousands)
  
2020
  
2019
 
Cash paid for operating lease liabilities
  $42,670  
$
32,229 
Right-of-use
assets obtained in exchange for new operating lease obligations
   7,496   40,536 
Weighted-average remaining lease term
   4.7 years   4.4 years 
Weighted-average discount rate
   9.8  10.0
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities as of December 31, 2020 were as follows:
 
(in thousands)
     
202
1
  $27,323 
202
2
   17,691 
202
3
   11,748 
202
4
   8,962 
202
5
   5,266 
Thereafter
   7,004 
   
 
 
 
Total lease payments
  $77,994 
Less imputed interest
   (12,363
   
 
 
 
Present value of lease liabilities
  $65,631