Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Lease Cost

The components of our global lease cost reflected in the consolidated statements of income for the year ended December 31, 2019 are as follows:

(in thousands)
Lease liability cost	$	22,507
Variable lease cost not included in the lease liability(1)	3,754
Total lease cost	$	26,261

⁽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 for the year ended December 31, 2019 is as follows:

(in thousands)
Cash paid for amounts included in the measurement of the lease liability:
Operating cash flows from operating leases	$	(20,031	)
Right-of-use assets obtained in exchange for new operating lease liabilities	$	35,191

Schedule of Maturity of Operating Lease Liabilities

The maturity schedule of the operating lease liabilities as of December 31, 2019 is as follows:

(in thousands)
2020	$	21,617
2021	19,439
2022	16,616
2023	12,513
2024	12,421
Thereafter	46,159
Total future lease payments	128,765
Less: Present value adjustment	(18,838		)
Present value of future lease payments(1)	$	109,927

⁽¹⁾Includes the current portion of operating lease liabilities of $18.2 million, which is reflected in other accrued expenses and liabilities in the 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