Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease costs

The table below presents the Company’s net lease cost and certain other information related to the Company’s leasing activities as of and for the periods indicated (dollars in thousands).

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Description:	2020		2019		2020		2019
Operating lease cost (1)	$	34,290	$	35,443	$	107,424	$	106,958
Variable lease cost (2)	4,006		3,902		12,382		11,517
Sublease income	(6,777)		(10,205)		(28,587)		(30,767)
Total lease cost, net (3)	$	31,519	$	29,140	$	91,219	$	87,708
Cash paid for amounts included in the measurement of operating lease liabilities	$	34,763	$	32,294	$	103,725	$	100,172
Cash receipts from sublease arrangements	$	9,592	$	9,000	$	28,512	$	25,131
Right-of-use assets obtained in exchange for new operating lease liabilities	$	527	$	38,571	$	19,061	$	67,756

(1)Included in operating lease cost was $10.5 million and $10.8 million for the three months ended September 30, 2020 and 2019, respectively, and $31.7 million and $32.5 million during the nine months ended September 30, 2020, and 2019, respectively, for costs related to subleasing activities.

(2)These amounts are primarily variable lease and nonlease costs that were not fixed at the lease commencement date or are dependent on something other than an index or a rate.

(3)The Company did not capitalize any operating lease costs during the three and nine months ended September 30, 2020.

Supplemental balance sheet information

The table below indicates where the discounted operating lease payments from the above table are classified in the accompanying Condensed Consolidated Balance Sheet as of September 30, 2020 (in thousands).

Description:
Accounts payable and accrued liabilities	$	82,391
Operating leases - liabilities	785,705
Total operating lease liabilities per the Condensed Consolidated Balance Sheet	$	868,096