Leases

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Leases

Leases

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 is as follows:

	Three Months Ended March 31, 2021						Three Months Ended March 31, 2022
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating lease cost	$	70,114	$	1,799	$	71,913	$	73,962	$	1,809	$	75,771
Finance lease cost:
Amortization of right-of-use assets	35		—		35		347		—		347
Interest on lease liabilities	251		—		251		340		—		340
Short-term lease cost	—		—		—		35		—		35
Variable lease cost	13,009		3		13,012		13,655		39		13,694
Sublease income	(2,234)		—		(2,234)		(1,966)		—		(1,966)
Total lease cost	$	81,175	$	1,802	$	82,977	$	86,373	$	1,848	$	88,221

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31,
	2021		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	72,437	$	77,689
Operating cash flows for finance leases	251		340
Financing cash flows for finance leases	58		344
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	79,987	$	88,636
Finance leases	138		—

Supplemental balance sheet information related to leases is as follows:

	December 31, 2021						March 31, 2022
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating Leases
Operating lease right-of-use assets	$	1,052,603	$	26,151	$	1,078,754	$	1,077,980	$	24,730	$	1,102,710
Current operating lease liabilities	$	222,865	$	6,469	$	229,334	$	228,598	$	5,822	$	234,420
Non-current operating lease liabilities	894,104		22,436		916,540		916,887		21,536		938,423
Total operating lease liabilities	$	1,116,969	$	28,905	$	1,145,874	$	1,145,485	$	27,358	$	1,172,843

	December 31, 2021						March 31, 2022
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Finance Leases
Property and equipment, net	$	8,505	$	—	$	8,505	$	8,158	$	—	$	8,158
Current portion of long-term debt and notes payable	$	1,404	$	—	$	1,404	$	1,436	$	—	$	1,436
Long-term debt, net of current portion	16,679		—		16,679		16,303		—		16,303
Total finance lease liabilities	$	18,083	$	—	$	18,083	$	17,739	$	—	$	17,739

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

	December 31, 2021		March 31, 2022
Weighted average remaining lease term (in years):
Operating leases	7.8		7.6
Finance leases	24.7		24.8
Weighted average discount rate:
Operating leases	5.6	%	5.6	%
Finance leases	7.4	%	7.4	%

As of March 31, 2022, maturities of lease liabilities are approximately as follows:

	Operating Leases		Finance Leases
	(in thousands)
2022 (remainder of year)	$	222,152	$	2,040
2023	259,672		2,747
2024	219,375		2,384
2025	175,699		2,101
2026	145,837		2,126
Thereafter	495,998		28,181
Total undiscounted cash flows	1,518,733		39,579
Less: Imputed interest	345,890		21,840
Total discounted lease liabilities	$	1,172,843	$	17,739

Leases

Leases

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 is as follows:

	Three Months Ended March 31, 2021						Three Months Ended March 31, 2022
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating lease cost	$	70,114	$	1,799	$	71,913	$	73,962	$	1,809	$	75,771
Finance lease cost:
Amortization of right-of-use assets	35		—		35		347		—		347
Interest on lease liabilities	251		—		251		340		—		340
Short-term lease cost	—		—		—		35		—		35
Variable lease cost	13,009		3		13,012		13,655		39		13,694
Sublease income	(2,234)		—		(2,234)		(1,966)		—		(1,966)
Total lease cost	$	81,175	$	1,802	$	82,977	$	86,373	$	1,848	$	88,221

Supplemental cash flow information related to leases is as follows:

	Three Months Ended March 31,
	2021		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	72,437	$	77,689
Operating cash flows for finance leases	251		340
Financing cash flows for finance leases	58		344
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	79,987	$	88,636
Finance leases	138		—

Supplemental balance sheet information related to leases is as follows:

	December 31, 2021						March 31, 2022
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Operating Leases
Operating lease right-of-use assets	$	1,052,603	$	26,151	$	1,078,754	$	1,077,980	$	24,730	$	1,102,710
Current operating lease liabilities	$	222,865	$	6,469	$	229,334	$	228,598	$	5,822	$	234,420
Non-current operating lease liabilities	894,104		22,436		916,540		916,887		21,536		938,423
Total operating lease liabilities	$	1,116,969	$	28,905	$	1,145,874	$	1,145,485	$	27,358	$	1,172,843

	December 31, 2021						March 31, 2022
	Unrelated Parties		Related Parties		Total		Unrelated Parties		Related Parties		Total
	(in thousands)
Finance Leases
Property and equipment, net	$	8,505	$	—	$	8,505	$	8,158	$	—	$	8,158
Current portion of long-term debt and notes payable	$	1,404	$	—	$	1,404	$	1,436	$	—	$	1,436
Long-term debt, net of current portion	16,679		—		16,679		16,303		—		16,303
Total finance lease liabilities	$	18,083	$	—	$	18,083	$	17,739	$	—	$	17,739

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

	December 31, 2021		March 31, 2022
Weighted average remaining lease term (in years):
Operating leases	7.8		7.6
Finance leases	24.7		24.8
Weighted average discount rate:
Operating leases	5.6	%	5.6	%
Finance leases	7.4	%	7.4	%

As of March 31, 2022, maturities of lease liabilities are approximately as follows:

	Operating Leases		Finance Leases
	(in thousands)
2022 (remainder of year)	$	222,152	$	2,040
2023	259,672		2,747
2024	219,375		2,384
2025	175,699		2,101
2026	145,837		2,126
Thereafter	495,998		28,181
Total undiscounted cash flows	1,518,733		39,579
Less: Imputed interest	345,890		21,840
Total discounted lease liabilities	$	1,172,843	$	17,739