Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Schedule of Present Value of Lease Payments for Remaining Lease Term

Based on the present value of the lease payments for the remaining lease term of the Company’s existing leases, the Company’s right-of-use assets and lease liabilities for operating leases as of December 31, 2020 and 2019 were as follows:

			December 31, 2020		December 31, 2019
(in thousands)	Classification
Assets
Operating lease right-of-use assets		Other assets	$	49,772	$	93,924
Liabilities
Current operating lease liabilities		Other accrued expenses		20,894		34,072
Noncurrent operating lease liabilities		Other long-term liabilities		44,737		84,902
Total lease liabilities			$	65,631	$	118,974

Schedule of Right-of-use Assets and Related Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities were as follows:

	Year Ended December 31,
(in thousands)	2020			2019
Cash paid for operating lease liabilities	$	42,670		$	32,229
Right-of-use assets obtained in exchange for new operating lease obligations		7,496			40,536
Weighted-average remaining lease term		4.7 years			4.4 years
Weighted-average discount rate		9.8	%		10.0	%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 were as follows:

(in thousands)
2021	$	27,323
2022		17,691
2023		11,748
2024		8,962
2025		5,266
Thereafter		7,004
Total lease payments	$	77,994
Less imputed interest		(12,363	)
Present value of lease liabilities	$	65,631