XML 80 R52.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lessor, Operating Lease, Payments to be Received, Maturity
As of December 31, 2020, future undiscounted cash flows under non-cancelable operating leases were as follows:
(Amounts in thousands)As of December 31, 2020
For the year ended December 31, 
2021$1,230,675 
20221,227,742 
20231,161,730 
2024995,588 
2025876,497 
Thereafter5,090,824 
Schedule of Amounts Included in Measurement of Lease Liability The following table sets forth information related to the measurement of our lease liabilities as of December 31, 2020 and 2019:
(Amounts in thousands)For the Year Ended December 31,
20202019
Weighted average remaining lease term (in years)44.840.2
Weighted average discount rate4.91 %4.84 %
Cash paid for operating leases$23,932 $27,817 
Schedule of Rent Expense The following table sets forth the details of rent expense for the years ended December 31, 2020 and 2019:
(Amounts in thousands)For the Year Ended December 31,
20202019
Fixed rent expense
$28,503 $33,738 
Variable rent expense
1,178 1,978 
Rent expense
$29,681 $35,716 
Lessee, Operating Lease, Liability, Maturity
As of December 31, 2020, future lease payments under operating ground leases were as follows:
(Amounts in thousands)As of December 31, 2020
For the year ended December 31,
2021$22,010 
202223,669 
202324,002 
202424,354 
202524,722 
Thereafter926,139 
Total undiscounted cash flows1,044,896 
Present value discount(643,888)
Lease liabilities
$401,008