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

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

 

 

December 31, 2021

 

Real estate facilities

 

$

237,591

 

Office equipment

 

 

2,117

 

Other

 

 

686

 

Total before amortization

 

 

240,394

 

Amortization of right-of-use assets

 

 

(62,977

)

Total operating lease right-of-use assets

 

$

177,417

 

Summary of Lease Cost

 

The Company’s lease cost is recognized on a straight-line basis over the lease term and is primarily included within indirect and selling expenses on the consolidated statements of comprehensive income.  Lease cost consisted of the following:

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

$

35,469

 

 

$

37,874

 

 

$

36,210

 

Short-term lease cost

 

 

453

 

 

 

1,421

 

 

 

2,153

 

Variable lease cost

 

 

43

 

 

 

53

 

 

 

77

 

Total lease cost

 

$

35,965

 

 

$

39,348

 

 

$

38,440

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

 

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

 

 

 

 

 

 

December 31, 2021

 

December 31, 2022

 

 

 

 

 

$

37,539

 

December 31, 2023

 

 

 

 

 

 

20,555

 

December 31, 2024

 

 

 

 

 

 

22,473

 

December 31, 2025

 

 

 

 

 

 

21,681

 

December 31, 2026

 

 

 

 

 

 

21,140

 

Thereafter

 

 

 

 

 

 

156,704

 

Total future minimum lease payments

 

 

 

 

 

 

280,092

 

Less:  Interest

 

 

 

 

 

 

(53,386

)

Total operating lease liabilities

 

 

 

 

 

$

226,706

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Operating lease liabilities - current

 

$

34,901

 

 

$

23,350

 

Operating lease liabilities - non-current

 

 

191,805

 

 

 

115,614

 

Total operating lease liabilities

 

$

226,706

 

 

$

138,964

 

Summary of Other Information Related to Operating Leases

 

Other information related to operating leases is as follows:

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

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

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

28,932

 

 

$

41,025

 

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

 

$

90,046

 

 

$

29,790

 

Weighted-average remaining lease term - operating leases

 

 

11.4

 

 

 

5.9

 

Weighted-average discount rate - operating leases

 

 

3.2

%

 

 

3.4

%