Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Consolidated Balance Sheet Information and Supplemental Information

The following was included in our consolidated balance sheet as of December 31, 2020 and 2019 (in thousands):

	2020		2019
Assets
ROU operating lease assets	$	78,240	$	80,244
Liabilities
Short-term operating lease liabilities	$	12,903	$	11,550
Long-term operating lease liabilities		70,941		72,714
Total operating lease liabilities	$	83,844	$	84,264

Components of Lease Costs

We recognize lease expense for operating leases on a straight-line basis over the term of the lease. Net lease cost for the years ended December 31, 2020, 2019 and 2018 was approximately $16.7 million, $16.5 million, and $14.5 million, respectively. The components of lease costs for the years ended December 31, 2020 and 2019 were as follows, in thousands:

Lease Cost	Classification	2020		2019
Operating lease cost (a)	Selling, general and administrative expenses	$	16,735	$	16,828
Sublease (income) (b)	Selling, general and administrative expenses		(15)		(361)
Net lease cost		$	16,720	$	16,467

(a)	Includes expense related to short-term leases and variable payments, which were not significant.
(b)		Does not include rental revenue from leases of hardware consoles to customers, which was not significant.

Supplemental cash flow information for the years ended December 31, 2020 and 2019 was as follows, in thousands:

	Year Ended		Year Ended
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities	$	15,059		14,646
Right-of-use assets obtained in exchange for lease obligations	$	10,938		10,637

Generally, our lease agreements do not specify an implicit rate. Therefore, we estimate our incremental borrowing rate, which is defined as the interest rate we would pay to borrow on a collateralized basis, considering such factors as length of lease term and the risks of the economic environment in which the leased asset operates. As of December 31, 2020 and 2019, the following disclosures for remaining lease term and discount rates were applicable:

	2020	2019
Weighted average remaining lease term	11.5 years	12.3 years
Weighted average discount rate	3.3%	3.2%

Maturities of Operating Lease Liabilities

As of December 31, 2020, maturities of operating lease liabilities were as follows, in thousands:

Year ended December 31,	Amounts due under operating leases
2021	$	14,947
2022		12,198
2023		9,295
2024		8,669
2025		7,123
Thereafter		49,908
Total lease payments		102,140
Less: Imputed interest		(18,296)
Total	$	83,844