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Operating Leases (Tables)
9 Months Ended
Sep. 30, 2020
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

 


The table below summarizes our net lease cost for the three and nine months ended September 30, 2020 and 2019 (in thousands):

 

 

Three Months Ended September 30,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

25,251

 

 

$

22,921

 

Short-term lease cost

 

 

590

 

 

 

403

 

Variable lease cost

 

 

20

 

 

 

54

 

Sublease income

 

 

(997

)

 

 

(1,244

)

Net lease cost

 

$

24,864

 

 

$

22,134

 

 

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

73,172

 

 

$

68,081

 

Short-term lease cost

 

 

2,892

 

 

 

1,152

 

Variable lease cost

 

 

62

 

 

 

88

 

Sublease income

 

 

(2,901

)

 

 

(3,729

)

Net lease cost

 

$

73,225

 

 

$

65,592

 

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

Operating lease cash flows

 

$

63,724

 

Weighted-average remaining lease term

 

12.1 years

 

Weighted-average discount rate

 

 

4.32

%

Schedule of Information About Operating Lease Liabilities

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

Remainder of 2020

 

$

21,202

 

2021

 

 

92,043

 

2022

 

 

94,084

 

2023

 

 

93,289

 

2024

 

 

92,127

 

Thereafter

 

 

686,863

 

Total undiscounted lease payments

 

 

1,079,608

 

Imputed interest

 

 

(268,582

)

Total operating lease liabilities

 

$

811,026