Leases (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 was as follows:


Leases	Classification	2023		2022
Assets:
Operating	Operating lease right-of-use assets, net	$	371,611	$	389,565
Finance	Buildings, Furniture, equipment and software, net	47,604		41,049
Total leased assets		$	419,215	$	430,614

Liabilities:
Current
Operating	Current portion of operating leases	$	57,514	$	38,994
Finance	Current portion of long-term debt and finance leases	6,742		6,173
Non-current
Operating	Long-term operating leases, less current portion	360,120		376,898
Finance	Long-term debt and finance leases, less current portion	50,826		42,013
Total lease liabilities		$	475,202	$	464,078


Lease Term and Discount Rate	2023		2022		2021
Weighted average remaining lease terms
Operating leases	8.6 years		9.4 years		9.4 years
Finance leases	13.7 years		14.6 years		14.9 years

Weighted average discount rate
Operating leases	9.50	%	9.40	%	8.90	%
Finance leases	10.70	%	9.90	%	9.60	%

The components of lease cost for the years ended December 31, 2023, 2022 and 2021 were as follows:


Lease Cost	Classification	2023		2022		2021
Operating lease cost	Direct costs	$	62,904	$	58,701	$	70,256
Finance lease cost
Amortization of leased assets	Direct costs	10,130		6,821		6,732
Interest on leased assets	Interest expense	5,670		3,990		4,092
Short-term lease costs	Direct costs	1,242		1,055		73
Variable lease costs	Direct costs	13,165		9,806		5,575
Sublease income	Revenues	(934)		(425)		(187)
Total lease cost		$	92,177	$	79,948	$	86,541

Supplemental cash flow information related to leases for the years ended December 31, 2023, 2022 and 2021 was as follows:


Other Information	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$	63,959	$	56,540	$	75,164
Operating cash flows used for finance leases	$	5,670	$	3,990	$	4,107
Financing cash flows used for finance leases	$	6,905	$	5,136	$	4,874
Leased assets obtained for new finance lease liabilities	$	13,034	$	5,226	$	1,997
Leased assets obtained for new operating lease liabilities	$	20,920	$	12,677	$	7,674

As of December 31, 2023, maturities of lease liabilities were as follows:


Maturity of Lease Liability	Operating Leases		Finance Leases
Year 1	$	95,007	$	11,526
Year 2	94,267		10,612
Year 3	86,116		7,710
Year 4	73,491		6,164
Year 5	51,889		5,305
Thereafter	229,945		93,903
Total lease payments	$	630,715	$	135,220
Less: interest and inflation	(213,081)		(77,652)
Present value of lease liabilities	$	417,634	$	57,568

As of December 31, 2023, maturities of lease liabilities were as follows:


Maturity of Lease Liability	Operating Leases		Finance Leases
Year 1	$	95,007	$	11,526
Year 2	94,267		10,612
Year 3	86,116		7,710
Year 4	73,491		6,164
Year 5	51,889		5,305
Thereafter	229,945		93,903
Total lease payments	$	630,715	$	135,220
Less: interest and inflation	(213,081)		(77,652)
Present value of lease liabilities	$	417,634	$	57,568