Leases

12 Months Ended

Dec. 31, 2021

The following summarizes lease expense:


	Year Ended December 31, 2021				Year Ended December 31, 2020				Year Ended December 31, 2019
Lease Expense / (Sublease Income)	Cont Ops		Disc Ops		Cont Ops		Disc Ops		Cont Ops		Disc Ops
(in thousands)
Operating lease cost	$	48,738	$	27,463	$	55,889	$	28,842	$	61,306	$	30,093
Finance lease cost
Amortization of right-of-use assets	833		4,095		345		983		363		1,058
Interest on lease liabilities	13		432		15		124		34		34
Variable lease cost (1)	9,654		457		6,961		454		19,231		—
Short-term lease cost	69,381		67,077		50,750		66,311		70,815		92,729
Sublease income	(2,091)		(274)		(3,050)		(14,026)		(2,596)		(32,141)
Total lease expense	$	126,528	$	99,250	$	110,910	$	82,688	$	149,153	$	91,773

(1)Primarily relates to rent escalation due to cost of living indexation and payments for property taxes, insurance or common area maintenance based on actual assessments.

Information related to our right-of use assets and lease liabilities follows:


		December 31, 2021				December 31, 2020
Lease Assets / Liabilities	Balance Sheet Classification	Cont Ops		Disc Ops		Cont Ops		Disc Ops
(in thousands)
Right-of-use assets
Operating lease assets	Other assets	$	104,752	$	—	$	137,725	$	—
Operating lease assets	Current assets held for sale	—		73,822		—		79,843
Finance lease assets	Other assets	892		—		281		—
Finance lease assets	Current assets held for sale	—		20,115		—		9,188
Total right-of-use assets		$	105,644	$	93,937	$	138,006	$	89,031
Lease liabilities
Operating lease liabilities, current	Other accrued liabilities	$	35,136	$	—	$	42,232	$	—
Operating lease liabilities, noncurrent	Noncurrent liabilities	87,400		—		119,055		—
Operating lease liabilities	Current liabilities held for sale	—		74,648		—		80,103
Finance lease liabilities, current	Other accrued liabilities	693		—		8		—
Finance lease liabilities, noncurrent	Noncurrent liabilities	202		—		—		—
Finance lease liabilities	Current liabilities held for sale	—		17,876		—		8,433
Total lease liabilities		$	123,431	$	92,524	$	161,295	$	88,536

Supplemental information related to our leases follows:


	Year Ended December 31, 2021						Year Ended December 31, 2020
	Cont Ops			Disc Ops			Cont Ops			Disc Ops
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	54,696		$	28,322		$	61,275		$	29,154
Operating cash flows from finance leases	13			432			15			124
Financing cash flows from finance leases	557			5,909			451			1,676
Right-of-use assets obtained in exchange for new operating lease liabilities	12,726			24,350			13,177			7,294
Right-of-use assets obtained in exchange for new finance lease liabilities	1,384			19,144			—			8,663
Weighted-average remaining lease term - operating leases	4.0 years			8.6 years			4.5 years			9.2 years
Weighted-average remaining lease term - finance leases	1.4 years			4.9 years			2.8 years			5.0 years
Weighted-average discount rate - operating leases	3.1		%	2.3		%	3.0		%	2.8		%
Weighted-average discount rate - finance leases	1.2		%	2.1		%	3.4		%	2.8		%

The remaining lease payments under our operating and finance leases follows:


	Cont Ops				Disc Ops
Year Ended December 31,	Operating Leases		Finance Leases		Operating Leases		Finance Leases
(in thousands)
2022	$	38,393	$	645	$	22,690	$	6,383
2023	33,745		259		13,731		5,157
2024	22,787		—		9,889		3,392
2025	18,582		—		6,202		3,036
2026	11,302		—		3,901		563
Thereafter	6,002		—		25,854		—
Total lease payments	$	130,811	$	904	$	82,267	$	18,531
Less: Interest	(8,275)		(9)		(7,619)		(655)
Present value of lease liabilities	$	122,536	$	895	$	74,648	$	17,876

Leases

The following summarizes lease expense:


	Year Ended December 31, 2021				Year Ended December 31, 2020				Year Ended December 31, 2019
Lease Expense / (Sublease Income)	Cont Ops		Disc Ops		Cont Ops		Disc Ops		Cont Ops		Disc Ops
(in thousands)
Operating lease cost	$	48,738	$	27,463	$	55,889	$	28,842	$	61,306	$	30,093
Finance lease cost
Amortization of right-of-use assets	833		4,095		345		983		363		1,058
Interest on lease liabilities	13		432		15		124		34		34
Variable lease cost (1)	9,654		457		6,961		454		19,231		—
Short-term lease cost	69,381		67,077		50,750		66,311		70,815		92,729
Sublease income	(2,091)		(274)		(3,050)		(14,026)		(2,596)		(32,141)
Total lease expense	$	126,528	$	99,250	$	110,910	$	82,688	$	149,153	$	91,773

(1)Primarily relates to rent escalation due to cost of living indexation and payments for property taxes, insurance or common area maintenance based on actual assessments.

Information related to our right-of use assets and lease liabilities follows:


		December 31, 2021				December 31, 2020
Lease Assets / Liabilities	Balance Sheet Classification	Cont Ops		Disc Ops		Cont Ops		Disc Ops
(in thousands)
Right-of-use assets
Operating lease assets	Other assets	$	104,752	$	—	$	137,725	$	—
Operating lease assets	Current assets held for sale	—		73,822		—		79,843
Finance lease assets	Other assets	892		—		281		—
Finance lease assets	Current assets held for sale	—		20,115		—		9,188
Total right-of-use assets		$	105,644	$	93,937	$	138,006	$	89,031
Lease liabilities
Operating lease liabilities, current	Other accrued liabilities	$	35,136	$	—	$	42,232	$	—
Operating lease liabilities, noncurrent	Noncurrent liabilities	87,400		—		119,055		—
Operating lease liabilities	Current liabilities held for sale	—		74,648		—		80,103
Finance lease liabilities, current	Other accrued liabilities	693		—		8		—
Finance lease liabilities, noncurrent	Noncurrent liabilities	202		—		—		—
Finance lease liabilities	Current liabilities held for sale	—		17,876		—		8,433
Total lease liabilities		$	123,431	$	92,524	$	161,295	$	88,536

Supplemental information related to our leases follows:


	Year Ended December 31, 2021						Year Ended December 31, 2020
	Cont Ops			Disc Ops			Cont Ops			Disc Ops
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	54,696		$	28,322		$	61,275		$	29,154
Operating cash flows from finance leases	13			432			15			124
Financing cash flows from finance leases	557			5,909			451			1,676
Right-of-use assets obtained in exchange for new operating lease liabilities	12,726			24,350			13,177			7,294
Right-of-use assets obtained in exchange for new finance lease liabilities	1,384			19,144			—			8,663
Weighted-average remaining lease term - operating leases	4.0 years			8.6 years			4.5 years			9.2 years
Weighted-average remaining lease term - finance leases	1.4 years			4.9 years			2.8 years			5.0 years
Weighted-average discount rate - operating leases	3.1		%	2.3		%	3.0		%	2.8		%
Weighted-average discount rate - finance leases	1.2		%	2.1		%	3.4		%	2.8		%

The remaining lease payments under our operating and finance leases follows:


	Cont Ops				Disc Ops
Year Ended December 31,	Operating Leases		Finance Leases		Operating Leases		Finance Leases
(in thousands)
2022	$	38,393	$	645	$	22,690	$	6,383
2023	33,745		259		13,731		5,157
2024	22,787		—		9,889		3,392
2025	18,582		—		6,202		3,036
2026	11,302		—		3,901		563
Thereafter	6,002		—		25,854		—
Total lease payments	$	130,811	$	904	$	82,267	$	18,531
Less: Interest	(8,275)		(9)		(7,619)		(655)
Present value of lease liabilities	$	122,536	$	895	$	74,648	$	17,876