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Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Summary of Components of Lease Expense

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

 

 

Summary of Supplemental Cash Flow Information Related to Leases

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

 

 

Summary of Supplemental Balance Sheet Information Related to Leases

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

%

Schedule of Lease Payments Due Related To Lease Liabilities

 

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