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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Components of Lease Expense

The components of lease expense for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands):

 

Twelve months ended

December 31,

 

 

2021

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

$

77,420

 

 

$

73,841

 

 

$

72,098

 

Variable and short term lease cost (a)

 

41,443

 

 

 

42,218

 

 

 

35,711

 

Total lease and rental expense

$

118,863

 

 

$

116,059

 

 

$

107,809

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

Amortization of property under capital lease

$

3,626

 

 

$

1,985

 

 

$

1,877

 

Interest on debt of property under capital lease

 

4,124

 

 

 

1,763

 

 

 

1,876

 

Total finance lease cost

$

7,750

 

 

$

3,748

 

 

$

3,753

 

(a) Includes equipment, month-to-month and leases with a maturity of less than 12 months.

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands):

 

Twelve months ended

December 31,

 

 

2021

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

118,433

 

 

$

115,270

 

 

$

107,239

 

Operating cash flows from finance leases

$

4,612

 

 

$

1,885

 

 

$

2,078

 

Financing cash flows from finance leases

$

2,849

 

 

$

2,586

 

 

$

1,959

 

 

 

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating leases

$

95,805

 

 

$

69,678

 

 

$

383,857

 

Finance leases

$

28,600

 

 

$

37,029

 

 

$

-

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases as of December 31, 2021 and 2020 are as follows (in thousands):

 

December 31,

 

 

December 31,

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Right of use assets-operating leases

$

367,477

 

 

$

336,513

 

 

 

 

 

 

 

 

 

Operating lease liabilities

$

64,484

 

 

$

59,796

 

Operating lease liabilities noncurrent

 

304,624

 

 

 

278,303

 

Total operating lease liabilities

$

369,108

 

 

$

338,099

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

Property and equipment

$

102,940

 

 

$

75,611

 

Accumulated depreciation

 

(30,949

)

 

 

(28,595

)

Property and equipment, net

$

71,991

 

 

$

47,016

 

 

 

 

 

 

 

 

 

Current maturities of long-term debt

$

2,740

 

 

$

2,060

 

Long-term debt

 

76,591

 

 

 

50,845

 

Total finance lease liabilities

$

79,331

 

 

$

52,905

 

 

 

 

 

 

 

 

 

Weighted Average remaining lease term, years

 

 

 

 

 

 

 

Operating leases

 

9.1

 

 

 

10.9

 

Finance leases

 

20.8

 

 

 

8.1

 

 

 

 

 

 

 

 

 

Weighted Average discount rate

 

 

 

 

 

 

 

Operating leases

 

3.8

%

 

 

4.4

%

Finance leases

 

7.1

%

 

 

9.7

%

Future Maturities of Lease Liabilities

Future maturities of lease liabilities as of December 31, 2021 are as follows (in thousands):

 

Operating Leases

 

 

Finance Leases

 

Year ending December 31,

 

 

 

 

 

 

 

2022

$

75,790

 

 

$

6,809

 

2023

 

67,994

 

 

 

6,993

 

2024

 

59,354

 

 

 

7,162

 

2025

 

52,098

 

 

 

6,047

 

2026

 

43,193

 

 

 

6,057

 

Later years

 

150,024

 

 

 

110,263

 

Total lease payments

 

448,453

 

 

 

143,331

 

less imputed interest

 

(79,345

)

 

 

(64,000

)

Total

$

369,108

 

 

$

79,331