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Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Summary of Operating Leases

Operating leases consisted of the following at March 31, 2021:

 

 

March 31, 2021

 

 

December 31, 2020

 

Real estate facilities

 

$

156,641

 

 

$

157,010

 

Office equipment

 

 

1,866

 

 

 

1,864

 

Other

 

 

604

 

 

 

580

 

 

 

 

159,111

 

 

 

159,454

 

Amortization of right-of-use assets

 

 

(39,861

)

 

 

(32,322

)

Total operating lease right-of-use assets

 

$

119,250

 

 

$

127,132

 

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, 2021

 

 

March 31, 2020

 

Operating lease costs

 

$

8,793

 

 

$

9,326

 

Short-term lease costs

 

 

131

 

 

 

431

 

Variable lease costs

 

 

10

 

 

 

1

 

Total rent expense

 

$

8,934

 

 

$

9,758

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2021 were as follows:

March 31, 2022

 

$

32,630

 

March 31, 2023

 

 

33,971

 

March 30, 2024

 

 

20,613

 

March 30, 2025

 

 

15,753

 

March 30, 2026

 

 

13,255

 

Thereafter

 

 

34,066

 

Total future minimum lease payments

 

 

150,288

 

Less:  Interest

 

 

(14,856

)

Total operating lease liabilities

 

$

135,432

 

 

 

 

 

 

Operating lease liabilities - current

 

$

28,881

 

Operating lease liabilities - non-current

 

 

106,551

 

Total operating lease liabilities

 

$

135,432

 

Summary of Other Information Related to Operating Leases

Other information related to operating leases is as follows:

 

 

March 31, 2021

 

 

March 31, 2020

 

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

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

3,957

 

 

$

9,526

 

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

 

$

142

 

 

$

21,098

 

Weighted-average remaining lease term - operating leases

 

 

5.8

 

 

 

6.0

 

Weighted-average discount rate - operating leases

 

 

3.4

%

 

 

3.6

%