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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of Operating Leases

Operating leases consisted of the following at March 31, 2020 and December 31, 2019:

 

 

 

March 31, 2020

 

 

December 31, 2019

 

Real estate facilities

 

$

178,227

 

 

$

165,752

 

Office equipment

 

 

2,269

 

 

 

1,631

 

Other

 

 

863

 

 

 

892

 

 

 

 

181,359

 

 

 

168,275

 

Amortization of right-of-use assets

 

 

(36,015

)

 

 

(34,310

)

Total operating lease right-of-use assets

 

$

145,344

 

 

$

133,965

 

Summary of Rent Expense

 

Rent expense is recognized on a straight-line basis over the lease term.  Rent expense consists of the following:

 

 

 

Three Months Ended

 

 

 

March 31, 2020

 

 

March 31, 2019

 

Operating lease costs

 

$

9,326

 

 

$

8,896

 

Short-term lease costs

 

 

431

 

 

 

681

 

Variable lease costs

 

 

1

 

 

 

4

 

Total rent expense

 

$

9,758

 

 

$

9,581

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2020 were as follows:

 

March 31, 2021

 

$

39,815

 

March 31, 2022

 

 

39,877

 

March 31, 2023

 

 

33,163

 

March 30, 2024

 

 

20,008

 

March 30, 2025

 

 

22,838

 

Thereafter

 

 

193,009

 

Total future minimum lease payments

 

 

348,710

 

Less:  Interest

 

 

(186,387

)

Total operating lease liabilities

 

$

162,323

 

 

 

 

 

 

Operating lease liabilities - current

 

$

33,333

 

Operating lease liabilities - non-current

 

 

128,990

 

Total operating lease liabilities

 

$

162,323

 

Summary of Other Information Related to Operating Leases

Other information related to operating leases is as follows:

 

 

 

March 31, 2020

 

 

March 31, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

9,526

 

 

$

9,389

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

21,098

 

 

$

2,159

 

Weighted-average remaining lease term - operating leases

 

 

6.0

 

 

 

5.1

 

Weighted-average discount rate - operating leases

 

 

3.6

%

 

 

3.8

%