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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Consolidated Balance Sheet Information and Supplemental Information

The following was included in our consolidated balance sheet as of December 31, 2021 and 2020 (in thousands):

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2021

    

2020

Assets

 

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ROU operating lease assets

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$

65,913

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$

78,240

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Liabilities

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Short-term operating lease liabilities

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$

10,668

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$

12,903

Long-term operating lease liabilities

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61,526

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70,941

Total operating lease liabilities

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$

72,194

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$

83,844

Components of Lease Costs

We recognize lease expense for operating leases on a straight-line basis over the term of the lease. Net lease cost for the years ended December 31, 2021, 2020 and 2019 was $15.9 million, $16.7 million, and $16.5 million, respectively. The components of lease costs for the years ended December 31, 2021, 2020 and 2019 were as follows, in thousands:

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Lease Cost

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Classification

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2021

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2020

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2019

Operating lease cost (a)

 

Selling, general and administrative expenses

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$

16,013

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$

16,735

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$

16,828

Sublease (income) (b)

 

Selling, general and administrative expenses

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(75)

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(15)

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(361)

Net lease cost

 

  

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$

15,938

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$

16,720

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$

16,467

(a)

Includes expense related to short-term leases and variable payments, which were not significant.

(b)

Does not include rental revenue from leases of hardware consoles to customers, which was not significant.

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Supplemental cash flow information for the years ended December 31, 2021, 2020 and 2019 was as follows, in thousands:

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2021

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2020

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2019

Cash paid for amounts included in the measurement of lease liabilities

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$

14,970

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15,059

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​

14,646

Right-of-use assets obtained in exchange for lease obligations

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$

1,524

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​

10,938

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​

10,637

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Generally, our lease agreements do not specify an implicit rate. Therefore, we estimate our incremental borrowing rate, which is defined as the interest rate we would pay to borrow on a collateralized basis, considering such factors as length of lease term and the risks of the economic environment in which the leased asset operates. As of December 31, 2021, 2020 and 2019, our lease agreements had the following remaining lease term and discount rates:

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2021

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2020

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2019

Weighted average remaining lease term

 

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11.4 years

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11.5 years

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12.3 years

Weighted average discount rate

 

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3.4%

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3.3%

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3.2%

Maturities of Operating Lease Liabilities

As of December 31, 2021, maturities of operating lease liabilities were as follows, in thousands:

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Year ended December 31, 

    

Amounts due under operating leases

2022

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$

12,405

2023

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9,794

2024

​

 

8,847

2025

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7,130

2026

​

 

6,378

Thereafter

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43,306

Total lease payments

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87,860

Less: Imputed interest

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(15,666)

Total

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$

72,194