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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Lessee Disclosure [Abstract]  
Lease, Cost

Lease cost for the twelve months ended December 31, 2021, 2020, and 2019 is recorded under rent and occupancy expenses in the consolidated statements of earnings and is comprised of the following:

 

 

 

 

 

2021

 

 

2020

 

 

2019

 

 

Operating lease cost

 

$

98,219

 

 

$

91,436

 

 

$

81,912

 

 

Variable lease cost

 

 

39,607

 

 

 

26,857

 

 

 

25,843

 

 

Total lease cost

 

$

137,826

 

 

$

118,293

 

 

$

107,755

 

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of December 31, 2021 are as follows:

 

 

2022

 

$

97,047

 

 

2023

 

 

89,583

 

 

2024

 

 

73,346

 

 

2025

 

 

66,112

 

 

2026

 

 

51,708

 

 

Thereafter

 

 

153,090

 

 

Total minimum lease payments

 

 

530,886

 

 

Less imputed interest

 

 

63,226

 

 

Lease liability

 

$

467,660

 

Schedule of Weighted-average Remaining Lease Term and Weighted-average Discount Rate

The weighted-average remaining lease term and weighted-average discount rate are as follows:

 

 

 

 

2021

 

 

2020

 

 

Weighted-average remaining lease term (in years)

 

 

7.45

 

 

 

7.86

 

 

Weighted-average discount rate

 

 

3.71

%

 

 

4.08

%

Other Information Related to Leases

Other information related to the Company's operating leases are as follows:

 

 

 

 

2021

 

 

2020

 

 

2019

 

 

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

 

$

117,409

 

 

$

109,515

 

 

$

103,788

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

95,804

 

 

$

90,101

 

 

$

79,040