Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The supplementary cash and non-cash disclosures for the year ended December 31, 2019 are as follows (in thousands):

	December 31, 2019
Cash paid for operating lease liabilities	$	19,763
Right-of-use assets obtained in exchange for new operating lease obligations 1	$	102,586
Weighted-average remaining lease term (years)	7.54
Weighted-average discount rate	4.64		%
1 Includes $55.9 million for operating leases existing on January 1, 2019

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2019 were as follows (in thousands):

2020	$	19,785
2021	17,813
2022	14,438
2023	13,403
2024	12,824
Thereafter	38,992
Total lease payments	117,255
Less imputed interest	18,700
Present value of lease liabilities	$	98,555

Summary Operating Lease Future Minimum Payments

The minimum lease payments for the noncancelable operating lease agreements are as follows (in thousands):

 

2019	$	19,678
2020	16,658
2021	14,826
2022	11,733
2023	11,017
Thereafter	24,374