XML 42 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Balances and Classification of Operating Lease Right-of-Use Assets and Operating Lease Liabilities within Condensed Consolidated Balance Sheet

The balances and classification of operating lease right-of-use assets and operating lease liabilities within the Condensed Consolidated Balance Sheet is as follows:

 

(in thousands)

 

 

June 30, 2020

 

 

December 31, 2019

 

Balance Sheet

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

Operating lease assets

 

$

190,322

 

 

$

184,288

 

Total Assets

 

 

 

190,322

 

 

 

184,288

 

Liabilities:

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

Accrued expenses and other liabilities

 

 

43,579

 

 

 

43,415

 

Non-current operating lease liabilities

Operating lease liabilities

 

 

173,717

 

 

 

167,855

 

Total Liabilities

 

 

$

217,296

 

 

$

211,270

 

Schedule of Components of Lease Cost for Operating Leases

The components of lease cost for operating leases for the three and six months ended June 30, 2020 and 2019 were:

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

(in thousands)

2020

 

 

2019

 

 

2020

 

 

2019

 

Operating leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease cost

$

13,383

 

 

$

13,002

 

 

$

26,351

 

 

$

25,090

 

Variable lease cost

 

846

 

 

 

791

 

 

 

1,691

 

 

 

1,504

 

Short-Term lease cost

 

110

 

 

 

 

 

 

238

 

 

 

 

Operating lease cost

$

14,339

 

 

$

13,793

 

 

$

28,280

 

 

$

26,594

 

Sublease income

 

(540

)

 

 

 

 

 

(808

)

 

 

 

Total lease cost net

$

13,799

 

 

$

13,793

 

 

$

27,472

 

 

$

26,594

 

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 June 30, 2020 were:

 

Weighted-average remaining lease term

 

 

5.89

 

Weighted-average discount rate

 

 

3.60

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of the operating lease liabilities by fiscal year at June 30, 2020 for the Company's operating leases are as follows:

 

(in thousands)

 

Operating Leases

 

2020 (Remainder)

 

$

24,356

 

2021

 

 

50,101

 

2022

 

 

42,411

 

2023

 

 

35,762

 

2024

 

 

28,166

 

Thereafter

 

 

60,581

 

Total undiscounted lease payments

 

 

241,377

 

Less: Imputed interest

 

 

24,081

 

Present value of lease payments

 

$

217,296

 

Schedule of Supplemental Cash Flow Information

 

Supplemental cash flow information for operating leases for the three and six months ended June 30, 2020 and 2019:

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

(in thousands)

2020

 

 

2019

 

 

2020

 

 

2019

 

Cash paid for amounts included in measurement of liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

13,773

 

 

$

13,110

 

 

$

26,774

 

 

$

25,911

 

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

   liabilities

$

3,023

 

 

$

4,284

 

 

$

22,181

 

 

$

6,723