LEASES

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

LEASES

LEASES

The Company has operating and finance leases for facilities, corporate offices, and certain equipment. The Company recognizes lease expense for these operating leases on a straight-line basis over the lease term. Leases with an initial term of one year or less are not recorded on the balance sheet. The Company's other leases have original lease terms of one to twelve years, some of which include options to extend the lease for up to twenty years, and some of which include options to terminate the leases within one year. The exercise of lease renewal options is at our sole discretion. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of Topic 842, the Company elected the practical expedient to not separate lease and non-lease components for all of its leases as the non-lease components are not significant to the overall lease costs.

	Classification	September 30, 2021		December 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	267,766	$	290,296
Finance lease assets	Property and equipment, net (a)	326		508
Total leased assets		$	268,092	$	290,804
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	31,174	$	28,583
Finance	Current portion of long-term debt and finance lease obligations	234		251
Noncurrent
Operating	Operating lease liabilities, less current portion	250,505		274,155
Finance	Long-term debt and finance lease obligations, less current portion and deferred financing costs, net	119		280
Total lease liabilities		$	282,032	$	303,269
(a) Finance lease assets are recorded net of accumulated amortization of $653 and $471 as of September 30, 2021 and December 31, 2020, respectively.

Lease Cost of Continuing Operations

		Three Months Ended September 30,
	Classification	2021		2020
Operating lease cost (a)	Lease and rent expense	$	13,263	$	13,524
Finance lease cost:
Amortization of finance lease assets	Depreciation and amortization	61		50
Interest on finance lease liabilities	Interest expense, net	7		7
Short term lease cost	Operating expense	160		111
Net lease cost		$	13,491	$	13,692
(a) Includes variable lease costs, which are immaterial.

		Nine Months Ended September 30,
	Classification	2021		2020
Operating lease cost (a)	Lease and rent expense	$	39,776	$	40,560
Finance lease cost:
Amortization of finance lease assets	Depreciation and amortization	183		165
Interest on finance lease liabilities	Interest expense, net	23		26
Short term lease cost	Operating expense	442		445
Net lease cost		$	40,424	$	41,196
(a) Includes variable lease costs, which are immaterial.

Maturity of Lease Liabilities

As of September 30, 2021
	Operating Leases (a)		Finance Leases (a)		Total
2021	$	51,893	$	254	$	52,147
2022	52,879		89		52,968
2023	53,123		33		53,156
2024	53,649		—		53,649
2025	54,247		—		54,247
After 2025	101,276		—		101,276
Total lease payments	$	367,067	$	376	$	367,443
Less: Interest	(85,388)		(23)		(85,411)
Present value of lease liabilities	$	281,679	$	353	$	282,032
(a) Operating and finance lease payments exclude options to extend lease terms that are not reasonably certain of being exercised.

The measurement of right-of-use assets and lease liabilities requires the Company to estimate appropriate discount rates. To the extent the rate implicit in the lease is readily determinable, such rate is utilized. However, based on information available at lease commencement for the majority of our leases, the rate implicit in the lease is not known. In these instances, the Company utilizes an incremental borrowing rate, which represents the rate of interest that it would pay to borrow on a collateralized basis over a similar term.

Lease Term and Discount Rate

	September 30, 2021	December 31, 2020
Weighted-average remaining lease term (years)
Operating leases	7.22	7.91
Finance leases	1.64	2.26
Weighted-average discount rate
Operating leases	7.9%	7.9%
Finance leases	6.0%	6.2%

Other Information

	Nine Months Ended September 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	38,219	$	38,018
Operating cash flows for finance leases	23		26
Financing cash flows for finance leases	182		175

LEASES

LEASES

The Company has operating and finance leases for facilities, corporate offices, and certain equipment. The Company recognizes lease expense for these operating leases on a straight-line basis over the lease term. Leases with an initial term of one year or less are not recorded on the balance sheet. The Company's other leases have original lease terms of one to twelve years, some of which include options to extend the lease for up to twenty years, and some of which include options to terminate the leases within one year. The exercise of lease renewal options is at our sole discretion. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of Topic 842, the Company elected the practical expedient to not separate lease and non-lease components for all of its leases as the non-lease components are not significant to the overall lease costs.

	Classification	September 30, 2021		December 31, 2020
Assets
Operating lease assets	Operating lease right-of-use assets	$	267,766	$	290,296
Finance lease assets	Property and equipment, net (a)	326		508
Total leased assets		$	268,092	$	290,804
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	31,174	$	28,583
Finance	Current portion of long-term debt and finance lease obligations	234		251
Noncurrent
Operating	Operating lease liabilities, less current portion	250,505		274,155
Finance	Long-term debt and finance lease obligations, less current portion and deferred financing costs, net	119		280
Total lease liabilities		$	282,032	$	303,269
(a) Finance lease assets are recorded net of accumulated amortization of $653 and $471 as of September 30, 2021 and December 31, 2020, respectively.

Lease Cost of Continuing Operations

		Three Months Ended September 30,
	Classification	2021		2020
Operating lease cost (a)	Lease and rent expense	$	13,263	$	13,524
Finance lease cost:
Amortization of finance lease assets	Depreciation and amortization	61		50
Interest on finance lease liabilities	Interest expense, net	7		7
Short term lease cost	Operating expense	160		111
Net lease cost		$	13,491	$	13,692
(a) Includes variable lease costs, which are immaterial.

		Nine Months Ended September 30,
	Classification	2021		2020
Operating lease cost (a)	Lease and rent expense	$	39,776	$	40,560
Finance lease cost:
Amortization of finance lease assets	Depreciation and amortization	183		165
Interest on finance lease liabilities	Interest expense, net	23		26
Short term lease cost	Operating expense	442		445
Net lease cost		$	40,424	$	41,196
(a) Includes variable lease costs, which are immaterial.

Maturity of Lease Liabilities

As of September 30, 2021
	Operating Leases (a)		Finance Leases (a)		Total
2021	$	51,893	$	254	$	52,147
2022	52,879		89		52,968
2023	53,123		33		53,156
2024	53,649		—		53,649
2025	54,247		—		54,247
After 2025	101,276		—		101,276
Total lease payments	$	367,067	$	376	$	367,443
Less: Interest	(85,388)		(23)		(85,411)
Present value of lease liabilities	$	281,679	$	353	$	282,032
(a) Operating and finance lease payments exclude options to extend lease terms that are not reasonably certain of being exercised.

The measurement of right-of-use assets and lease liabilities requires the Company to estimate appropriate discount rates. To the extent the rate implicit in the lease is readily determinable, such rate is utilized. However, based on information available at lease commencement for the majority of our leases, the rate implicit in the lease is not known. In these instances, the Company utilizes an incremental borrowing rate, which represents the rate of interest that it would pay to borrow on a collateralized basis over a similar term.

Lease Term and Discount Rate

	September 30, 2021	December 31, 2020
Weighted-average remaining lease term (years)
Operating leases	7.22	7.91
Finance leases	1.64	2.26
Weighted-average discount rate
Operating leases	7.9%	7.9%
Finance leases	6.0%	6.2%

Other Information

	Nine Months Ended September 30,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	38,219	$	38,018
Operating cash flows for finance leases	23		26
Financing cash flows for finance leases	182		175