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Operating Leases (Tables)
6 Months Ended
Jun. 30, 2021
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, 2021 and 2020 (in thousands):

 

 

Three Months Ended June 30,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

25,367

 

 

$

23,526

 

Short-term lease cost

 

 

78

 

 

 

1,826

 

Variable lease cost

 

 

233

 

 

 

27

 

Sublease income

 

 

(649

)

 

 

(996

)

Net lease cost

 

$

25,029

 

 

$

24,383

 

 

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

50,490

 

 

$

47,921

 

Short-term lease cost

 

 

233

 

 

 

2,302

 

Variable lease cost

 

 

341

 

 

 

42

 

Sublease income

 

 

(1,308

)

 

 

(1,904

)

Net lease cost

 

$

49,756

 

 

$

48,361

 

The table below summarizes other information related to our operating leases as of and for the six months ended June 30, 2021 (in thousands):

Operating lease cash flows

 

$

47,647

 

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

 

$

19,687

 

Weighted-average remaining lease term

 

12.0 years

 

Weighted-average discount rate

 

 

4.15

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of June 30, 2021, (in thousands, except percentages).

Remainder of 2021

 

$

50,364

 

2022

 

 

98,831

 

2023

 

 

97,180

 

2024

 

 

95,191

 

2025

 

 

93,343

 

Thereafter

 

 

608,116

 

Total undiscounted lease payments

 

 

1,043,025

 

Imputed interest

 

 

(234,298

)

Total operating lease liabilities

 

$

808,727