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Leases (Tables)

9 Months Ended

Sep. 30, 2021

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

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	%

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

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

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