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Leases

9 Months Ended

Sep. 30, 2021

The Company has operating and finance leases for its facilities. The Company leases its corporate office space from related parties.

The Company’s total lease cost was as follows:


	Three Months Ended September 30, 2020						Three Months Ended September 30, 2021
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating lease cost	$	69,308	$	1,799	$	71,107	$	71,647	$	1,791	$	73,438
Finance lease cost:
Amortization of right-of-use assets	147		—		147		156		—		156
Interest on lease liabilities	255		—		255		270		—		270

Variable lease cost	12,121		156		12,277		13,147		141		13,288
Sublease income	(2,566)		—		(2,566)		(2,253)		—		(2,253)
Total lease cost	$	79,265	$	1,955	$	81,220	$	82,967	$	1,932	$	84,899


	Nine Months Ended September 30, 2020						Nine Months Ended September 30, 2021
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating lease cost	$	208,466	$	5,319	$	213,785	$	212,500	$	5,388	$	217,888
Finance lease cost:
Amortization of right-of-use assets	278		—		278		296		—		296
Interest on lease liabilities	743		—		743		775		—		775

Variable lease cost	36,133		424		36,557		39,242		285		39,527
Sublease income	(7,742)		—		(7,742)		(6,716)		—		(6,716)
Total lease cost	$	237,878	$	5,743	$	243,621	$	246,097	$	5,673	$	251,770

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
	2020		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	205,977	$	219,754
Operating cash flows for finance leases	758		775
Financing cash flows for finance leases	103		273
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	168,863	$	215,568
Finance leases	1,198		436

Supplemental balance sheet information related to leases was as follows:


	December 31, 2020						September 30, 2021
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating Leases
Operating lease right-of-use assets	$	1,002,151	$	30,066	$	1,032,217	$	1,042,373	$	27,580	$	1,069,953

Current operating lease liabilities	$	214,377	$	6,036	$	220,413	$	220,090	$	6,329	$	226,419
Non-current operating lease liabilities	848,215		27,152		875,367		885,858		24,092		909,950
Total operating lease liabilities	$	1,062,592	$	33,188	$	1,095,780	$	1,105,948	$	30,421	$	1,136,369


	December 31, 2020						September 30, 2021
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Finance Leases


Property and equipment, net	$	5,644	$	—	$	5,644	$	5,891	$	—	$	5,891

Current portion of long-term debt and notes payable	$	663	$	—	$	663	$	793	$	—	$	793
Long-term debt, net of current portion	13,491		—		13,491		13,525		—		13,525
Total finance lease liabilities	$	14,154	$	—	$	14,154	$	14,318	$	—	$	14,318

The weighted average remaining lease terms and discount rates were as follows:


	December 31, 2020		September 30, 2021
Weighted average remaining lease term (in years):
Operating leases	7.8		7.7
Finance leases	31.2		30.0
Weighted average discount rate:
Operating leases	5.6	%	5.5	%
Finance leases	7.2	%	7.2	%

As of September 30, 2021, maturities of lease liabilities were approximately as follows:


	Operating Leases		Finance Leases
	(in thousands)
2021 (remainder of year)	$	72,891	$	454
2022	272,507		1,798
2023	227,294		1,809
2024	187,856		1,462
2025	152,796		1,205
Thereafter	565,010		29,019
Total undiscounted cash flows	1,478,354		35,747
Less: Imputed interest	341,985		21,429
Total discounted lease liabilities	$	1,136,369	$	14,318