XML 57 R40.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Balances and Classification of Operating Lease Right-of-Use Assets and Operating Lease Liabilities within Condensed Consolidated Balance Sheets The balances and classification of operating lease right-of-use assets and operating lease liabilities within the Consolidated Balance Sheets as of December 31, 2021 and 2020 is as follows:

 

(in thousands)

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Balance Sheet

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

 

 

$

197,035

 

 

$

186,998

 

Total assets

 

 Operating lease assets

 

 

197,035

 

 

 

186,998

 

Liabilities:

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

 Accrued expenses and other liabilities

 

 

43,441

 

 

 

43,542

 

Non-current operating lease liabilities

 

 Operating lease liabilities

 

 

179,976

 

 

 

172,935

 

Total liabilities

 

 

 

$

223,417

 

 

$

216,477

 

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the 12 months ended December 31, 2021 and 2020 were:

 

(in thousands)

 

 

 

For the year
ended December 31, 2021

 

 

For the year
ended December 31, 2020

 

Operating leases:

 

 

 

 

 

 

 

 

Lease cost

 

 

 

$

52,751

 

 

$

53,821

 

Variable lease cost

 

 

 

 

4,316

 

 

 

3,739

 

Short term lease cost

 

 

 

 

1,165

 

 

 

468

 

Operating lease cost

 

 

 

 

58,232

 

 

 

58,028

 

Sublease income

 

 

 

 

(1,661

)

 

 

(1,798

)

Total lease cost net

 

 

 

$

56,571

 

 

$

56,230

 

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating Leases

The weighted average remaining lease term and the weighted average discount rate for operating leases as of December 31, 2021 were:

 

Weighted-average remaining lease term

 

 

6.47

 

Weighted-average discount rate

 

 

2.72

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at December 31, 2021 for the Company's operating leases are as follows:

 

(in thousands)

 

Operating Leases

 

2022

 

$

48,743

 

2023

 

 

44,794

 

2024

 

 

37,996

 

2025

 

 

31,587

 

2026

 

 

22,511

 

Thereafter

 

 

56,416

 

Total undiscounted lease payments

 

 

242,047

 

Less: Imputed interest

 

 

18,630

 

Present value of future lease payments

 

$

223,417

 

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for operating leases:

 

(in thousands)

For the year
ended December 31, 2021

 

 

For the year
ended December 31, 2020

 

Cash paid for amounts included in measurement of liabilities

 

 

 

 

 

Operating cash flows from operating leases

$

56,034

 

 

$

54,946

 

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

$

53,978

 

 

$

45,750