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Leases
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Leases LEASES
The components of lease expense were as follows:
Year ended December 31
(in thousands)202120202019
Operating lease cost$96,078 $113,669 $104,007 
Short-term and month-to-month lease cost17,724 21,862 19,267 
Variable lease cost20,889 18,718 20,582 
Sublease income(16,918)(18,508)(20,108)
Total net lease cost$117,773 $135,741 $123,748 
The Company recorded impairment charges of $3.9 million, $11.4 million and $1.1 million in 2021, 2020 and 2019, respectively. The Company estimated the fair value of the right-of-use assets using an income approach.
In connection with the sale of the KHE Campuses (KHEC) business, the Company is the guarantor of several leases for which it has established ROU assets and lease liabilities. Any net lease cost or sublease income related to these leases is recorded in other non-operating income. The total net lease cost related to these leases was $0.1 million, $0.8 million and $0.8 million for 2021, 2020 and 2019, respectively.
Supplemental information related to leases was as follows:
Year ended December 31
(in thousands)202120202019
Cash Flow Information:
Operating cash flows from operating leases (payments)$105,164 $113,664 $112,671 
Right-of-use assets obtained in exchange for new operating lease liabilities (noncash)59,409 27,031 236,714 
As of December 31
20212020
Balance Sheet Information:
Lease right-of-use assets$437,969 $462,560 
Current lease liabilities$77,655 $86,797 
Noncurrent lease liabilities405,200 428,849 
Total lease liabilities$482,855 $515,646 
Weighted average remaining lease term (years)10.69.9
Weighted average discount rate4.6 %4.4 %
At December 31, 2021, maturities of lease liabilities were as follows:
(in thousands)December 31, 2021
2022$97,501 
202379,854 
202464,030 
202550,392 
202645,897 
Thereafter296,514 
Total payments634,188 
Less: Imputed interest(151,333)
Total$482,855 
As of December 31, 2021, the Company has entered into operating leases, including educational and other facilities, that have not yet commenced that have minimum lease payments of $6.6 million. These operating leases will commence in fiscal year 2022 with lease terms of two to 11 years.