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Operating Leases (Tables)
12 Months Ended
Dec. 31, 2020
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the years ended December 31, 2020 and 2019 (in thousands):

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

102,595

 

 

$

90,354

 

Short-term lease cost

 

 

502

 

 

 

1,479

 

Variable lease cost

 

 

68

 

 

 

79

 

Sublease income

 

 

(3,894

)

 

 

(4,761

)

Net lease cost

 

$

99,271

 

 

$

87,151

 

The table below summarizes other information related to our operating leases as of and for the year ended December 31, 2020 (in thousands):

Operating lease cash flows

 

$

89,122

 

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

 

$

215,662

 

Weighted average remaining lease term

 

12.3 years

 

Weighted average discount rate

 

 

4.23

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of December 31, 2020, (in thousands, except percentages):

2021

 

$

93,544

 

2022

 

 

96,278

 

2023

 

 

95,359

 

2024

 

 

94,249

 

2025

 

 

93,040

 

Thereafter

 

 

611,933

 

Total undiscounted lease payments

 

 

1,084,403

 

Imputed interest

 

 

(244,597

)

Total operating lease liabilities

 

$

839,806