Leases

9 Months Ended

Sep. 30, 2021

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 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 $21.6 million and $64.8 million for the three and nine months ended September 30, 2021, respectively, and $20.6 million and $60.5 million for the three and nine months ended September 30, 2020, respectively.

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


	Nine Months Ended September 30,
	2021		2020
Cash paid for operating lease liabilities	$	68,509	$	62,873
Right-of-use assets obtained in exchange for operating lease liabilities from new leases	$	9,733	$	34,530
Right-of-use assets obtained in exchange for operating lease liabilities from lease modifications or reassessments	$	23,155	$	48,151

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


	September 30, 2021		December 31, 2020
Weighted average remaining lease term for operating leases	4.0 years		4.5 years
Weighted average discount rate for operating leases	2.4	%	2.6	%

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


2021 (excluding the nine months ended September 30, 2021)	$	22,453
2022	82,229
2023	65,021
2024	50,773
2025	30,953
Thereafter	31,020
Less: Imputed interest	(13,880)
Present value of operating lease liabilities (a)	$	268,569

(a) Includes current portion of $80.1 million for operating leases.

As of September 30, 2021, the Company had additional future minimum lease obligations totaling $5.0 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.