Leases

6 Months Ended

Jun. 30, 2021

The Company has operating leases for corporate and field offices, and certain equipment. The Company’s leases have remaining lease terms of 1 month to 9 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 $21.7 million and $43.2 million for the three and six months ended June 30, 2021, respectively, $20.0 million and $39.9 million for the three and six

months ended June 30, 2020, respectively.

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


	Six Months Ended June 30,
	2021		2020
Cash paid for operating lease liabilities	$	45,531	$	41,539
Right-of-use assets obtained in exchange for new operating lease liabilities	$	8,467	$	18,134

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


	June 30, 2021		December 31, 2020
Weighted average remaining lease term for operating leases	4.3 years		4.5 years
Weighted average discount rate for operating leases	2.5	%	2.6	%

Future minimum lease payments under non-cancellable leases as of June 30, 2021, were as follows (in thousands):


2021 (excluding the six months ended June 30, 2021)	$	44,535
2022	77,929
2023	62,457
2024	49,823
2025	30,750
Thereafter	30,922
Less: Imputed interest	(15,413)
Present value of operating lease liabilities (a)	$	281,003

(a) Includes current portion of $79.5 million for operating leases.

As of June 30, 2021, the Company had additional future minimum lease obligations totaling $3.8 million under operating leases that had not yet commenced. These operating leases include agreements for corporate and field office facilities with lease terms of 1 to 6 years.