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Operating Leases (Tables)
9 Months Ended
Sep. 30, 2021
Lessee Disclosure [Abstract]  
Schedule of Net Lease Cost

The table below summarizes our net lease cost for the three and nine months ended September 30, 2021 and 2020 (in thousands):

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

25,802

 

 

$

25,251

 

Short-term lease cost

 

 

110

 

 

 

590

 

Variable lease cost

 

 

265

 

 

 

20

 

Sublease income

 

 

(643

)

 

 

(997

)

Net lease cost

 

$

25,534

 

 

$

24,864

 

 

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

76,292

 

 

$

73,172

 

Short-term lease cost

 

 

343

 

 

 

2,892

 

Variable lease cost

 

 

606

 

 

 

62

 

Sublease income

 

 

(1,951

)

 

 

(2,901

)

Net lease cost

 

$

75,290

 

 

$

73,225

 

The table below summarizes other information related to our operating leases as of and for the nine months ended September 30, 2021 (in thousands):

Operating lease cash flows

 

$

73,589

 

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

 

$

32,189

 

Weighted-average remaining lease term

 

11.8 years

 

Weighted-average discount rate

 

 

4.14

%

Schedule of Information About Operating Lease Liabilities

The table below presents information about operating lease liabilities as of September 30, 2021, (in thousands, except percentages).

Remainder of 2021

 

$

25,387

 

2022

 

 

100,075

 

2023

 

 

98,372

 

2024

 

 

96,377

 

2025

 

 

94,537

 

Thereafter

 

 

617,407

 

Total undiscounted lease payments

 

 

1,032,155

 

Imputed interest

 

 

(227,778

)

Total operating lease liabilities

 

$

804,377