Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2019

The Company's finance leases are not material for the year ended December 31, 2019 and are excluded from the disclosures below. The following table presents the lease-related assets and liabilities recorded on the Company's Consolidated Balance Sheets related to its operating leases:



(in thousands)	Classification on Balance Sheet	December 31, 2019
Assets:
Operating lease	Operating lease right-of-use assets, net	$	102,354
Liabilities:
Current operating lease liabilities	Current operating lease liabilities	30,765
Noncurrent operating lease liabilities	Noncurrent operating lease liabilities	87,064
Total operating lease liabilities		$	117,829

Weighted-Average Remaining Lease Term		5.72 years
Weighted-Average Discount Rate⁽¹⁾		5.4		%

⁽¹⁾ Upon adoption of Topic 842, discount rates used for existing leases were established at the transition date.

Lease Cost

The components of operating lease costs within the Company's Consolidated Statements of Operations consisted of the following for the year ended December 31, 2019:



	Year Ended
(in thousands)	December 31, 2019
Operating lease cost	$	37,824
Variable lease cost	7,948
Sublease income	4,163

Supplemental cash flow information related to operating leases for the three months and year ended December 31, 2019 were as follows:



	Year Ended
(in thousands)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	38,906

Right-of-use assets obtained in exchange for lease obligations ⁽¹⁾	$	30,056

⁽¹⁾The year ended December 31, 2019 amount excludes $122,300,000 of right-of-use assets recognized upon adoption of Topic 842.

Operating Lease Maturities

Future undiscounted operating lease payments reconciled to total operating lease liabilities are as follows:



(in thousands)	December 31, 2019
2020	$	35,595
2021	29,877
2022	17,925
2023	12,512
2024	9,347
Thereafter	33,043
Total undiscounted lease payments	138,299
Less imputed interest	(20,470		)
Present value of future lease payments	$	117,829