Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

(8) Leases

The Company enters into leases for real estate and equipment. Real estate leases are for our corporate office space and laboratories around the world. Real estate leases have remaining lease terms of less than 1 year to 19 years. Many of the Company’s leases include options to extend the leases on a month to month basis or for set periods for up to 20 years. Many leases also include options to terminate the leases within 1 year or per other contractual terms.

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

	Three Months Ended March 31,
	2021		2020
Operating lease cost	$	5,730	$	3,768
Variable lease cost		1,704		886

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

	Three Months Ended March 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,422	$	2,600
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		2,672		10,076

Supplemental balance sheet information related to the leases was as follows (in thousands):

	As of
	March 31,			December 31,
	2021			2020
Operating lease right-of-use assets	$	112,266		$	113,809
Other current liabilities	$	16,111		$	15,890
Operating lease liabilities		114,144			115,143
Total operating lease liabilities	$	130,255		$	131,033
Weighted Average Remaining Lease Term (years)
Operating leases	12.7			12.9
Weighted Average Discount Rate
Operating leases		5.8	%		5.9	%

Lease payments due related to lease liabilities as of March 31, 2021 were as follows (in thousands):

	Related Party			Non-Related Parties			Total
	Operating Leases			Operating Leases			Operating Leases
Remainder of 2021	$	7,892		$	9,534		$	17,426
2022		10,301			9,259			19,560
2023		8,771			7,957			16,728
2024		8,900			5,872			14,772
2025		9,032			4,350			13,382
Later years		103,006			9,195			112,201
Total lease payments		147,902			46,167			194,069
Less: imputed interest		(58,422	)		(5,392	)		(63,814	)
Total	$	89,480		$	40,775		$	130,255