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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Lease Costs

The Company’s lease costs are recorded in cost of contract revenues and general and administrative expenses. For the years ended December 31, 2020 and 2019, respectively, lease costs are as follows:

 

 

Year Ended

 

 

Year Ended

 

 

December 31, 2020

 

 

December 31, 2019

 

Operating lease cost

$

24,602

 

 

$

27,259

 

Short-term lease cost

 

87,534

 

 

 

70,382

 

Total lease cost

$

112,136

 

 

$

97,641

 

Schedule of Maturity Analysis of Operating Lease Liabilities

As recorded on the balance sheet, the Company’s maturity analysis of its operating lease liabilities as of December 31, 2020 is as follows:

 

 

 

 

 

 

 

 

2021

 

$

22,247

 

 

2022

 

 

18,467

 

 

2023

 

 

13,321

 

 

2024

 

 

9,768

 

 

2025

 

 

5,053

 

Thereafter

 

 

3,975

 

Minimum lease payments

 

 

72,831

 

Imputed interest

 

 

7,480

 

Present value of minimum operating lease payments

 

$

65,351

 

Schedule of Additional Information Related to Leases

Additional information related to the Company’s leases as of December 31, 2020 and 2019, respectively, is as follows:

 

 

December 31, 2020

 

 

December 31, 2019

 

Weighted average remaining lease term

4.1 years

 

 

4.2 years

 

Weighted average discount rate

 

6.2

%

 

 

6.7

%

Supplemental Information Related to Leases

Supplemental information related to leases during the year ended December 31, 2020 and 2019, respectively, is as follows:

 

 

Year Ended

 

 

Year ended

 

 

December 31, 2020

 

 

December 31, 2019

 

Operating cash flows from operating leases

$

(25,064

)

 

$

(27,235

)

Operating lease liabilities arising from obtaining new operating lease assets

$

22,746

 

 

$

13,149