Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Quantitative Information and Other Information Related to Leases

Quantitative information related to leases for the years ended December 31, 2020 and 2019 is presented in the following table (dollars in thousands):

	For the Year Ended December 31,
	2020			2019
Lease expenses ⁽¹⁾
Fixed lease expenses - operating	$	12,379		$	12,869
Variable lease expenses - operating		6,389			8,534
Sublease income		(2,347	)		(4,179	)
Total lease expenses	$	16,421		$	17,224

Other information
Gross operating cash flows for operating leases ⁽²⁾	$	(23,577	)	$	(32,827	)
Operating cash flows from subleases⁽²⁾	$	2,254		$	4,351

	As of December 31, 2020			As of December 31, 2019
Weighted average remaining lease term (in months) – operating leases		70			76
Weighted average discount rate – operating leases		4.9	%		5.1	%

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(1) Lease expense and sublease income represent the amount recorded within our consolidated statements of income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability. Fixed lease expenses and sublease income are recorded on a straight-line basis over the lease term and therefore are not necessarily representative of cash payments during the same period.

(2) Cash flows are presented on a consolidated basis and represent cash payments for fixed and variable lease costs.

Schedule of Future Minimum Lease Payments under Operating Leases Included in Lease Liabilities for Continuing Operations

As of December 31, 2020, future minimum lease payments under operating leases which are included in lease liabilities on our consolidated balance sheet for continuing operations are as follows (dollars in thousands):

	Operating Leases Total

2021⁽¹⁾	$	12,444
2022		12,938
2023		8,046
2024		7,196
2025 and thereafter		22,051
Total	$	62,675
Less: imputed interest		9,481
Present value of future minimum lease payments		53,194
Less: current lease liabilities		9,789
Non-current lease liabilities	$	43,405

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(1)

Amounts provided are for liabilities remaining as of December 31, 2020.

Schedule of Future Minimum Sublease Rental Income under Operating Leases for Continuing Operations

As of December 31, 2020, future minimum sublease rental income under operating leases, which will decrease our future minimum lease payments presented above, for continuing operations is as follows (dollars in thousands):

	Operating Subleases Total
2021⁽¹⁾	$	949
2022		777
2023		330
Total	$	2,056

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(1)

Sublease receivables remaining as of December 31, 2020.