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Operating Leases (Tables)
3 Months Ended
Mar. 31, 2022
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Operating lease cost

 

$

26,731

 

 

$

25,123

 

Short-term lease cost

 

 

218

 

 

 

155

 

Variable lease cost

 

 

399

 

 

 

108

 

Sublease income

 

 

(615

)

 

 

(659

)

Net lease cost

 

$

26,733

 

 

$

24,727

 

The table below summarizes other information related to our operating leases as of and for the three months ended March 31, 2022 (in thousands):

Operating lease cash flows

 

$

26,656

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

25,052

 

Weighted-average remaining lease term

 

11.7 years

 

Weighted-average discount rate

 

 

4.05

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of March 31, 2022, (in thousands, except percentages).

Remainder of 2022

 

$

74,253

 

2023

 

 

99,157

 

2024

 

 

97,561

 

2025

 

 

95,990

 

2026

 

 

94,318

 

Thereafter

 

 

563,287

 

Total undiscounted lease payments

 

 

1,024,566

 

Imputed interest

 

 

(217,590

)

Total operating lease liabilities

 

$

806,976