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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to the Company’s operating leases as of September 30, 2020 and December 31, 2019 was as follows (in thousands):

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Weighted-average remaining lease term

 

6.8 years

 

 

6.9 years

 

Weighted-average discount rate

 

 

3.7

%

 

 

3.6

%

Schedule of Components of Lease Expense and Other Lease Information

The components of lease expense and other lease information as of and during the three-month period ended September 30, 2020 and 2019 are as follows (in thousands):

 

 

 

September 30, 2020

 

 

September 30, 2019

 

Operating lease cost

 

$

8,329

 

 

$

9,406

 

Cash paid for amounts included in measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

7,773

 

 

$

9,535

 

 

The components of lease expense and other lease information as of and during the nine-month period ended September 30, 2020 and 2019 are as follows (in thousands):

 

 

 

September 30, 2020

 

 

September 30, 2019

 

Operating lease cost

 

$

26,006

 

 

$

27,864

 

Cash paid for amounts included in measurement of lease liabilities

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

26,575

 

 

$

27,994

 

 

Schedule of Maturities of Operating Lease Liabilities

The following table summarizes the maturity of our operating lease liabilities as of September 30, 2020 (in thousands):

 

 

 

Operating Leases

 

2020

 

$

8,973

 

2021

 

 

35,003

 

2022

 

 

28,666

 

2023

 

 

26,258

 

2024

 

 

23,081

 

Thereafter

 

 

69,278

 

Total undiscounted lease payments

 

 

191,259

 

Less: imputed interest

 

 

(22,770

)

Total lease liabilities

 

$

168,489

 

 

Schedule of Maturity of Operating Lease Commitments

The following table summarizes the maturity of our operating lease commitments as of December 31, 2019 (in thousands):

 

 

 

Operating Leases

 

2020

 

$

34,775

 

2021

 

 

32,371

 

2022

 

 

26,112

 

2023

 

 

24,273

 

2024

 

 

21,578

 

Thereafter

 

 

67,025

 

Total undiscounted lease payments

 

 

206,134

 

Less: imputed interest

 

 

(45,086

)

Total lease liabilities

 

$

161,048