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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Operating Lease Assets and Liabilities Recognized

The table below presents the operating lease assets and liabilities recognized on the consolidated balance sheets as of December 31:

(in thousands)
 
2021
   
2020
 
Operating Lease Assets:
           
Right-of use lease assets
 
$
222,356
   
$
228,749
 
Operating Lease Liabilities:
               
Current lease liabilities
 
$
33,581
   
$
33,466
 
Non-current lease liabilities
   
196,771
     
200,200
 
          Total operating lease liabilities
 
$
230,352
   
$
233,666
 
Weighted Average Remaining Lease Term and Discount Rate for Operating Leases

The weighted-average remaining lease term and weighted-average discount rate for operating leases as of December 31 are:


 
2021
   
2020
 
Weighted-average remaining lease term
 
8.1 years
   
8.8 years
 
Weighted-average discount rate
   
5.62
%
   
6.07
%
Undiscounted Future Minimum Lease Payments

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable operating leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheet as of December 31, 2021:

(in thousands)
 
Operating Leases
 
2022
 
$
45,277
 
2023
   
41,509
 
2024
   
37,483
 
2025
   
32,059
 
2026
   
27,563
 
Thereafter
   
106,805
 
   Total undiscounted future minimum lease payments
   
290,696
 
Less: difference between undiscounted lease payments and discounted operating lease liabilities
   
(60,344
)
           Total operating lease liabilities
 
$
230,352
 
Components of Lease Expense

Components of lease expense which are included in selling, general, and administrative expenses within our consolidated statements of comprehensive income were as follows:


 
Year Ended December 31,
 
(in thousands)
 
2021
   
2020
    2019  
Operating lease cost
 
$
46,774
   
$
44,854
    $ 41,681  
Short-term lease cost
   
     
      90  
Variable lease cost
   
6,680
     
5,827
      5,653  
    Total lease expense
 
$
53,454
   
$
50,681
    $ 47,424  
Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows:

   
Year Ended December 31,
 
(In thousands)
 
2021
   
2020
 
Cash paid for amounts included in the measurement of lease liabilities:
           
Operating cash flows from operating leases
 
$
47,607
   
$
39,341
 
Right-of-use assets obtained in exchange for lease obligations:
               
Operating leases
 
$
25,025
   
$
89,082