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Leases (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Summary of Operating Leases

Operating leases consisted of the following at June 30, 2021:

 

 

June 30, 2021

 

 

December 31, 2020

 

Real estate facilities

 

$

156,436

 

 

$

157,010

 

Office equipment

 

 

2,120

 

 

 

1,864

 

Other

 

 

612

 

 

 

580

 

 

 

 

159,168

 

 

 

159,454

 

Amortization of right-of-use assets

 

 

(47,413

)

 

 

(32,322

)

Total operating lease right-of-use assets

 

$

111,755

 

 

$

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

 

 

Six Months Ended

 

 

 

June 30, 2021

 

 

June 30, 2020

 

 

June 30, 2021

 

 

June 30, 2020

 

Operating lease costs

 

$

8,654

 

 

$

9,444

 

 

$

17,447

 

 

$

18,770

 

Short-term lease costs

 

 

105

 

 

 

442

 

 

 

236

 

 

 

873

 

Variable lease costs

 

 

9

 

 

 

1

 

 

 

19

 

 

 

1

 

Total rent expense

 

$

8,768

 

 

$

9,887

 

 

$

17,702

 

 

$

19,644

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of June 30, 2021 were as follows:

June 30, 2022

 

$

38,375

 

June 30, 2023

 

 

29,162

 

June 30, 2024

 

 

20,090

 

June 30, 2025

 

 

13,906

 

June 30, 2026

 

 

12,779

 

Thereafter

 

 

30,791

 

Total future minimum lease payments

 

 

145,103

 

Less:  Interest

 

 

(13,229

)

Total operating lease liabilities

 

$

131,874

 

 

 

 

 

 

Operating lease liabilities - current

 

$

35,128

 

Operating lease liabilities - non-current

 

 

96,746

 

Total operating lease liabilities

 

$

131,874

 

Summary of Other Information Related to Operating Leases

Other information related to operating leases is as follows:

 

 

June 30, 2021

 

 

June 30, 2020

 

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

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

8,779

 

 

$

19,086

 

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

 

$

772

 

 

$

22,721

 

Weighted-average remaining lease term - operating leases

 

 

5.8

 

 

 

5.9

 

Weighted-average discount rate - operating leases

 

 

3.3

%

 

 

2.9

%