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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Summary of Operating Leases

Operating leases consisted of the following at June 30, 2020 and December 31, 2019:

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Real estate facilities

 

$

182,437

 

 

$

162,150

 

Office equipment

 

 

2,458

 

 

 

1,595

 

Other

 

 

935

 

 

 

935

 

 

 

 

185,830

 

 

 

164,680

 

Amortization of right-of-use assets

 

 

(46,641

)

 

 

(30,715

)

Total operating lease right-of-use assets

 

$

139,189

 

 

$

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

 

 

Six Months Ended

 

 

 

June 30, 2020

 

 

June 30, 2019

 

 

June 30, 2020

 

 

June 30, 2019

 

Operating lease costs

 

$

9,444

 

 

$

8,610

 

 

$

18,770

 

 

$

17,505

 

Short-term lease costs

 

 

442

 

 

 

322

 

 

 

873

 

 

 

1,003

 

Variable lease costs

 

 

1

 

 

 

172

 

 

 

1

 

 

 

184

 

Total rent expense

 

$

9,887

 

 

$

9,104

 

 

$

19,644

 

 

$

18,692

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of June 30, 2020 were as follows:

 

June 30, 2021

 

$

37,255

 

June 30, 2022

 

 

38,545

 

June 30, 2023

 

 

28,364

 

June 29, 2024

 

 

18,955

 

June 29, 2025

 

 

12,619

 

Thereafter

 

 

36,327

 

Total future minimum lease payments

 

 

172,065

 

Less:  Interest

 

 

(17,116

)

Total operating lease liabilities

 

$

154,949

 

 

 

 

 

 

Operating lease liabilities - current

 

$

33,028

 

Operating lease liabilities - non-current

 

 

121,921

 

Total operating lease liabilities

 

$

154,949

 

Summary of Other Information Related to Operating Leases

Other information related to operating leases is as follows:

 

 

June 30, 2020

 

 

June 30, 2019

 

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

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

19,086

 

 

$

18,594

 

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

 

$

22,721

 

 

$

14,896

 

Weighted-average remaining lease term - operating leases

 

 

5.9

 

 

 

5.1

 

Weighted-average discount rate - operating leases

 

 

2.9

%

 

 

3.7

%