XML 24 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Leases
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Leases Leases
We have operating leases primarily for corporate offices. Our leases have remaining lease terms of one to ten years, some of which include options to extend the leases for up to five years, and some of which include options to terminate within one year.
The components of lease expenses were as follows (in thousands):
 
Three Months Ended September 30, 2020
 
Nine Months Ended September 30, 2020
Operating lease costs
$
4,363

 
$
13,044

Short-term lease costs
352

 
1,401

Sublease income
(223
)
 
(720
)
Total net lease costs
$
4,492

 
$
13,725


Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):
 
As of September 30, 2020
Operating leases:
 
Operating lease right-of-use assets, net
$
51,604

 
 
Operating lease liabilities, current
$
18,109

Operating lease liabilities, non-current
61,882

Total operating lease liabilities
$
79,991

 
 
Weighted average remaining lease term (in years)
6.5

Weighted average discount rate
6.8
%

Supplemental cash flow and other information related to leases is as follows (in thousands):
 
Nine Months Ended September 30, 2020
 
Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash outflows from operating leases
$
15,335

 
$
11,212

 
 
 
 
Lease liabilities arising from obtaining right-of-use assets:
 
 
 
Operating leases
$
478

 
$
7,769


Undiscounted cash flows of operating lease liabilities are as follows (in thousands):
Years Ending December 31, 
Amount 
2020 (remaining three months)
$
4,264

2021
18,569

2022
15,082

2023
13,125

2024
11,796

2025
11,350

2026 and thereafter
26,497

Total lease payments
100,683

Less: imputed interest
(20,692
)
Total lease obligations
79,991

Less: current lease obligations
(18,109
)
Long-term lease obligations
$
61,882


As of September 30, 2020, we did not have any additional operating lease commitments for office leases that have not yet commenced.