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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases | Leases The Company has entered into contracts with third parties to lease a variety of assets, including certain real estate, equipment, automobiles and other assets. The Company’s leases frequently allow for lease payments that could vary based on factors such as inflation or the degree of utilization of the underlying asset. For example, certain of the Company’s real estate leases could require us to make payments that vary based on common area maintenance charges, insurance and other charges. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company is party to certain sublease arrangements, primarily related to the Company’s real estate leases, where it acts as the lessee and intermediate lessor. The Company does not have material sublease arrangements. The following table presents information about the Company's ROU assets and lease liabilities at December 31, 2020 (in thousands):
ROU assets: |  |
Non-current operating lease ROU assets |  | $ | 34,538 |
Operating lease liabilities: |  |
Current operating lease liabilities* |  | $ | 10,078 |
Non-current operating lease liabilities |  | 44,126 |
Total operating lease liabilities |  | $ | 54,204 |
________________________________ * Amounts are included in Accrued Expenses on Consolidated Balance Sheets. The following table presents information about lease expense and sublease income for the year ended December 31, 2020 (in thousands):
Operating lease cost* |  | $ | 11,994 |
Other lease costs and income: |  |
Variable lease costs* (1) |  | 6,487 |
Sublease income* |  | (3,888) |
Total net lease cost |  | $ | 14,593 |
________________________________ * Amounts are included in Cost of revenues, Selling, general and administrative and/or Research and development based on the function that the underlying leased asset supports which are reflected in the Consolidated Statements of Operations. (1) As part of the Company’s in year cost savings initiatives, the Company closed certain office spaces and terminated various lease agreements. These actions resulted in a $5.4 million ROU asset impairment charge, which was determined by the present value of the forecasted future cash flows for the remaining lease term. The following table provides the undiscounted amount of future cash flows included in the Company’s lease liabilities at December 31, 2020 for each of the five years subsequent to December 31, 2020 and thereafter, as well as a reconciliation of such undiscounted cash flows to the Company’s lease liabilities at December 31, 2020 (in thousands):
| Operating Leases
2021 | $ | 13,766 |
2022 | 11,220 |
2023 | 8,652 |
2024 | 8,401 |
2025 | 8,275 |
Thereafter | 18,686 |
Total future lease payments | 69,000 |
Less: amount representing interest | (14,796) |
Present value of future lease payments (lease liability) | $ | 54,204 |
The following table provides the weighted-average remaining lease term and weighted-average discount rates for the Company’s leases as of December 31, 2020:
Operating Leases: |
Weighted-average remaining lease term (years), weighted based on lease liability balances | 6.36
Weighted-average discount rate (percentages), weighted based on the remaining balance of lease payments | 7.5 | %
The following table provides certain cash flow and supplemental noncash information related to the Company’s lease liabilities for the year ended December 31, 2020 (in thousands):
Operating Leases: |
Cash paid for amounts included in the measurement of lease liabilities | $ | 13,181 |
Lease liabilities arising from obtaining right-of-use assets | 1,739 |

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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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