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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020 and 2019 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

23,526

 

 

$

22,814

 

Short-term lease cost

 

 

1,826

 

 

 

389

 

Variable lease cost

 

 

27

 

 

 

28

 

Sublease income

 

 

(996

)

 

 

(1,213

)

Net lease cost

 

$

24,383

 

 

$

22,018

 

 

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

47,921

 

 

$

45,160

 

Short-term lease cost

 

 

2,302

 

 

 

749

 

Variable lease cost

 

 

42

 

 

 

34

 

Sublease income

 

 

(1,904

)

 

 

(2,485

)

Net lease cost

 

$

48,361

 

 

$

43,458

 

The table below summarizes other information related to our operating leases as of and for the three months ended June 30, 2020 (in thousands):

Operating lease cash flows

 

$

48,015

 

Weighted-average remaining lease term

 

11.9 years

 

Weighted-average discount rate

 

 

4.51

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2020, (in thousands, except percentages).

Remainder of 2020

 

$

44,471

 

2021

 

 

86,038

 

2022

 

 

84,436

 

2023

 

 

83,994

 

2024

 

 

82,808

 

Thereafter

 

 

554,880

 

Total undiscounted lease payments

 

 

936,627

 

Imputed interest

 

 

(223,706

)

Total operating lease liabilities

 

$

712,921