XML 63 R30.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Company's Consolidated Balance Sheet
The following table summarizes the impacts of adopting Topic 842 on the Company’s consolidated balance sheet as of December 31, 2020 (in thousands):
As Reported Balance as of December 31, 2020Adjustments due
to Topic 842		As Adjusted Balance
as of January 1,
2021
Assets
Operating lease right-of-use assets—$195,944 $195,944 
Prepaid expenses and other current assets26,274 (8,106)18,168 
Total$26,274 $187,838 $214,112 
Liabilities
Accrued expenses and other current liabilities$65,392 $(1,704)$63,688 
Other long-term liabilities22,109 (21,983)126 
Operating lease liabilities—short-term—32,162 32,162 
Operating lease liabilities—long-term—179,363 179,363 
Total$87,501 $187,838 $275,339 
Schedule of Non-cancelable Operating Leases
The following table presents maturity of lease liabilities under the Company’s non-cancelable operating leases as of December 31, 2021 (in thousands):
2022$59,907 
202354,694 
202445,598 
202537,413 
202627,556 
Thereafter53,299 
Total lease payments$278,467 
Less: interest(1)
32,548 
Present value of lease liabilities$245,919 
(1)Calculated using the interest rate for each lease.
Schedule of Supplemental Information
The following table presents supplemental information for the year ended December 31, 2021 (in thousands, except for weighted average and percentage data):
Weighted average remaining lease term5.79
Weighted average discount rate4.0 %
Cash paid for amounts included in the measurement of lease liabilities(1)
$52,942 
Lease liabilities arising from obtaining new ROU assets$70,068 
(1)Does not include $9.1 million of leasehold incentives received from the landlord.
Schedule of Future Minimum Lease Payments
Prior to the adoption of Topic 842, future minimum lease payments as of December 31, 2020, which were undiscounted, were as follows (in thousands): 
2021$51,397 
202254,477 
202347,915 
202438,970 
202532,223 
Thereafter55,882 
Total lease payments$280,864