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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2022
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three and six months ended June 30, 2022 and 2021 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

25,542

 

 

$

25,367

 

Short-term lease cost

 

 

379

 

 

 

78

 

Variable lease cost

 

 

326

 

 

 

233

 

Sublease income

 

 

(580

)

 

 

(649

)

Net lease cost

 

$

25,667

 

 

$

25,029

 

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

52,273

 

 

$

50,490

 

Short-term lease cost

 

 

597

 

 

 

233

 

Variable lease cost

 

 

725

 

 

 

341

 

Sublease income

 

 

(1,195

)

 

 

(1,308

)

Net lease cost

 

$

52,400

 

 

$

49,756

 

Operating lease costs are included in occupancy and equipment rental in the consolidated statements of operations.

The table below summarizes other information related to our operating leases as of and for the six months ended June 30, 2022 (in thousands):

Operating lease cash flows

 

$

52,593

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

56,524

 

Weighted-average remaining lease term

 

11.5 years

 

Weighted-average discount rate

 

 

3.98

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2022, (in thousands, except percentages).

Remainder of 2022

 

$

50,741

 

2023

 

 

100,802

 

2024

 

 

98,834

 

2025

 

 

96,944

 

2026

 

 

95,296

 

Thereafter

 

 

576,550

 

Total undiscounted lease payments

 

 

1,019,167

 

Imputed interest

 

 

(211,983

)

Total operating lease liabilities

 

$

807,184