Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases

Schedule of lease cost and other information

A summary of the Company’s lease cost is as follows (in thousands, except for weighted-averages):

	Year Ended December 31,
	2021			2020			2019
Lease Cost
Operating lease cost (a)	$	11,565		$	12,085		$	12,259
Sublease income		(1,999)			(1,434)			(1,508)
Short-term lease cost (b)		5,436			5,959			6,495
Total lease cost	$	15,002		$	16,610		$	17,246
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases		9,071			8,520			8,507
Weighted-average remaining lease term in years - operating leases		6.4			7.4			8.4
Weighted-average discount rate - operating leases		6.3	%		6.3	%		6.3	%

(a) Includes approximately $3.5 million, $3.6 million and $3.7 million of taxes, insurance and maintenance for the years ended December 31, 2021, 2020, and 2019 respectively.

(b) Includes expenses associated with short-term leases of billboard advertisements and is included in “Marketing Funds expenses” on the Consolidated Statements of Income (Loss) for the years ended December 31, 2021, 2020 and 2019.

Schedule of maturities of lease liabilities under non-cancellable leases

Maturities under non-cancellable leases were as follows (in thousands):

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2022	$	9,387		(1,200)	$	8,187
2023		9,716		(1,311)		8,405
2024		9,968		(1,273)		8,695
2025		10,176		(331)		9,845
2026		10,263		(166)		10,097
Thereafter		14,453		(222)		14,231
Total lease payments	$	63,963	$	(4,503)	$	59,460
Less: imputed interest		11,687
Present value of lease liabilities	$	52,276