Leases

12 Months Ended

Dec. 31, 2020

Leases

Leases

Note L — Leases

The information pertaining to leases on the consolidated balance sheet is as follows:

		As of December 31,
(in thousands)	Classification	2020		2019
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	124,741	$	110,559
Finance lease right-of-use assets	Other assets		3,016		1,488
Total lease assets		$	127,757	$	112,047
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	35,002	$	34,342
Finance	Current portion of long-term debt		707		370
Noncurrent
Operating	Operating lease liabilities		104,589		88,418
Finance	Long-term debt, less current portion		2,472		1,135
Total lease liabilities		$	142,770	$	124,265

The components of lease cost recognized in the consolidated statement of operations are as follows:

	For the Years Ended
(in thousands)	2020		2019
Operating lease cost	$	47,242	$	44,081
Finance lease cost
Amortization of right-of-use assets		615		312
Interest on lease liabilities		99		28
Sublease income		(248)		(240)
Short-term lease cost		472		613
Variable lease cost		5,590		5,476
Total lease cost	$	53,770	$	50,270

Maturities of our lease liabilities, by year and in the aggregate, under operating and financing obligations with terms of one year or more at December 31, 2020 are as follows:

	Finance		Operating
(in thousands)	Leases		Leases		Total Leases
2021	$	819	$	41,827	$	42,646
2022		733		36,544		37,277
2023		674		26,798		27,472
2024		638		16,832		17,470
2025		474		10,260		10,734
Thereafter		144		35,075		35,219
Total lease payments		3,482		167,336		170,818
Imputed interest		(303)		(27,745)		(28,048)
Total	$	3,179	$	139,591	$	142,770

The lease term and discount rates are as follows:

	December 31,
	2020		2019
Weighted average remaining lease term (years)
Operating leases	5.91		3.98
Finance leases	4.72		5.17
Weighted average discount rate
Operating leases	5.16	%	5.29	%
Finance leases	4.03	%	4.01	%

Supplemental cash flow information related to leases is as follows:

	For the Years Ended December 31,
(in thousands)	2020		2019
Cash flows for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	44,814	$	44,111
Operating cash flows from finance leases		99		28
Financing cash flows from finance leases		556		325
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		49,380		41,065
Finance leases		2,393		1,245
Right-of-use assets acquired and lease liabilities assumed in acquisitions		5,469		5,189

We have reclassified supplemental cash flow information in the prior year to present Right-of-use assets acquired and lease liabilities assumed in acquisitions consistent with the presentation in the current year.