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Leases (Tables)

9 Months Ended

Sep. 30, 2020

The components of lease expense are as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 30, 2020			September 30, 2019			September 30, 2020			September 30, 2019
Operating lease cost ⁽¹⁾	$	13,314		$	9,233		$	42,436		$	21,453
Sublease income		(284	)		(664	)		(1,969	)		(1,790	)
Net operating lease cost	$	13,030		$	8,569		$	40,467		$	19,663

(1)

For the three and nine months ended September 30, 2020, variable lease costs were $2.9 million and $8.4 million, respectively. For the three and nine months ended September 30, 2019, variable lease costs were $1.3 million and $3.3 million, respectively. Variable lease costs primarily include common area maintenance charges.

Schedule of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	6,320	$	4,892	$	21,504	$	12,332
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	3,690	$	32,014	$	6,461	$	115,794

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):

	As of
	September 30, 2020			December 31, 2019
Operating lease right-of-use assets	$	267,094		$	283,291
Included in accounts payable and accrued liabilities:
Operating lease liability, current		32,130			17,896
Operating lease liability, non-current		311,072			301,694
Total operating lease liability	$	343,202		$	319,590

Weighted average remaining lease term
Operating leases (in years)	9.35			9.98
Weighted average discount rate
Operating leases		4.64	%		4.65	%

Schedule of Future Lease Payments under Operating Leases

Future lease payments under operating leases as of September 30, 2020 were as follows (in thousands):

Year ending December 31,	Operating Leases
2020 (remaining 3 months)	$	9,545
2021		48,695
2022		45,839
2023		46,520
2024		45,727
Thereafter		247,011
Total future lease payments		443,337
Less: imputed interest		(84,680	)
Less: expected tenant improvement allowance		(15,455	)
Total	$	343,202