Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

Leases. Total operating lease expense was $46.5 million, $41.1 million and $44.2 million in 2021, 2020 and 2019, respectively, which included $3.6 million, $3.4 million and $4.2 million, respectively, of lease expense related to short-term leases and equipment. Total finance lease expense was $1.0 million, $1.4 million and $2.4 million in 2021, 2020 and 2019, respectively.

Lease-related assets and liabilities as of December 31 are as follows:

	2021	2020
	(in $ thousands)
Assets:
Operating lease assets, net of accumulated amortization	134,578	106,479
Finance lease assets, net of accumulated depreciation	2,116	3,065
Total lease assets	136,694	109,544
Liabilities:
Operating lease liabilities	149,417	119,089
Finance lease liabilities	1,013	1,911
Total lease liabilities	150,430	121,000

Other information related to operating and finance leases during the years ended December 31 is as follows:

	2021				2020
	Operating		Finance		Operating		Finance
Cash paid for amounts included in the measurement of lease liabilities (in $ thousands)	43,933		957		40,452		1,913
Lease assets obtained in exchange for lease obligations (in $ thousands)	69,894		—		40,557		—
Weighted average remaining lease term (years):	4.3		1.1		4.5		2.1
Weighted average discount rate	3.0	%	4.0	%	3.7	%	4.0	%

Future minimum lease payments under operating and finance leases as of December 31, 2021 are as follows:

	Operating	Finance
	(in $ thousands)
2022	50,883	957
2023	40,408	80
2024	30,938	—
2025	19,873	—
2026	12,642	—
Thereafter	14,612	—
Total future minimum lease payments	169,356	1,037
Less: imputed interest	(19,939)	(24)
Net future minimum lease payments	149,417	1,013

Leases

Leases. Total operating lease expense was $46.5 million, $41.1 million and $44.2 million in 2021, 2020 and 2019, respectively, which included $3.6 million, $3.4 million and $4.2 million, respectively, of lease expense related to short-term leases and equipment. Total finance lease expense was $1.0 million, $1.4 million and $2.4 million in 2021, 2020 and 2019, respectively.

Lease-related assets and liabilities as of December 31 are as follows:

	2021	2020
	(in $ thousands)
Assets:
Operating lease assets, net of accumulated amortization	134,578	106,479
Finance lease assets, net of accumulated depreciation	2,116	3,065
Total lease assets	136,694	109,544
Liabilities:
Operating lease liabilities	149,417	119,089
Finance lease liabilities	1,013	1,911
Total lease liabilities	150,430	121,000

Other information related to operating and finance leases during the years ended December 31 is as follows:

	2021				2020
	Operating		Finance		Operating		Finance
Cash paid for amounts included in the measurement of lease liabilities (in $ thousands)	43,933		957		40,452		1,913
Lease assets obtained in exchange for lease obligations (in $ thousands)	69,894		—		40,557		—
Weighted average remaining lease term (years):	4.3		1.1		4.5		2.1
Weighted average discount rate	3.0	%	4.0	%	3.7	%	4.0	%

Future minimum lease payments under operating and finance leases as of December 31, 2021 are as follows:

	Operating	Finance
	(in $ thousands)
2022	50,883	957
2023	40,408	80
2024	30,938	—
2025	19,873	—
2026	12,642	—
Thereafter	14,612	—
Total future minimum lease payments	169,356	1,037
Less: imputed interest	(19,939)	(24)
Net future minimum lease payments	149,417	1,013