Leases

9 Months Ended

Sep. 30, 2020

The Company has operating leases for corporate and field offices, and certain equipment. The Company’s leases have remaining lease terms of less than 1 year to 10 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year. Operating lease expenses were $20.6 million and $60.5 million for the three and nine months ended September 30, 2020, respectively, $19.7 million and $57.3 million for the three and nine months ended September 30, 2019, respectively.

Supplemental cash flow information related to leases consisted of the following (in thousands):


	Nine Months Ended September 30,
	2020		2019
Cash paid for operating lease liabilities	$	62,873	$	57,912
Right-of-use assets obtained in exchange for new operating lease liabilities	$	34,530	$	25,137

Supplemental balance sheet information related to leases consisted of the following:


	September 30, 2020		December 31, 2019
Weighted average remaining lease term for operating leases	4.7 years		4.8 years
Weighted average discount rate for operating leases	2.7	%	3.0	%

Future minimum lease payments under non-cancellable leases as of September 30, 2020, were as follows (in thousands):


2020 (excluding the nine months ended September 30, 2020)	$	21,126
2021	80,205
2022	65,237
2023	54,750
2024	44,236
Thereafter	53,806
Less: Imputed interest	(19,654)
Present value of operating lease liabilities (a)	$	299,706

(a) Includes current portion of $76.6 million for operating leases.

As of September 30, 2020, the Company had no material future minimum lease obligations that had not yet commenced.