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Leases (Tables)

9 Months Ended

Sep. 30, 2019

The components of the Company's global lease cost reflected in the condensed consolidated statements of income are as follows:



(in thousands)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Lease liability cost	$	5,684	$	16,579
Variable lease cost not included in the lease liability⁽¹⁾	1,126		2,847
Total lease cost	$	6,810	$	19,426

⁽¹⁾ Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate.

Lessee, Operating Lease Other Information

Other information related to operating leases is as follows:



(in thousands)	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of the lease liability:
Operating cash flows from operating leases	$	(5,242	)	$	(14,551	)
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,155		$	29,262

Schedule of Maturity of Operating Lease Liabilities

The maturity schedule of the operating lease liabilities as of September 30, 2019 is as follows:



(in thousands)
Remainder of 2019	$	6,335
2020	20,192
2021	18,178
2022	15,472
2023	11,748
Thereafter	54,966
Total future lease payments	126,891
Less: Present value adjustment	(19,059		)
Present value of future lease payments⁽¹⁾	$	107,832

⁽¹⁾Includes the current portion of operating lease liabilities of $16.7 million, which is reflected in other accrued expenses and liabilities in the condensed consolidated balance sheets.

Schedule of Future Minimum Rental Payments for Operating Leases

The future minimum lease payments under ASC 840, including termination fees, under noncancellable operating leases for office space in effect at December 31, 2018 were as follows:



(in thousands)
2019	$	16,354
2020	12,469
2021	10,177
2022	8,523
2023	6,809
Thereafter	14,267
Total	$	68,599