Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.20.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Lease expense and other information related to leases The components of lease expense were as follows (in thousands):
For the Year Ended December 31,
2020 2019 2018
Finance lease cost:
Amortization of right-of-use assets $ 10,151  $ 13,999  $ 11,884 
Interest on lease liabilities 890  1,915  676 
Operating lease cost 15,592  13,159  10,467 
Short-term lease cost 689  1,349  732 
Variable lease cost 4,135  3,565  3,112 
Sublease income (782) (669) (572)
Total lease cost $ 30,675  $ 33,318  $ 26,299 
Other information related to leases was as follows (in thousands):
For the Year Ended December 31,
2020 2019 2018
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases $ 15,756  $ 11,516  $ 10,765 
Operating cash flows from finance leases 854  991  482 
Financing cash flows from finance leases 10,578  13,919  9,220 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases 2,071  19,503  3,411 
Finance leases 4,265  17,914  15,370 
Weighted average remaining lease term (years):
Operating leases 7.24 5.39 3.43
Finance leases 2.59 2.91 3.37
Weighted average discount rate:
Operating leases 4.2  % 5.5  % 4.3  %
Finance leases 4.3  % 4.2  % 4.3  %
Future minimum lease payments under non-cancellable leases
Future minimum lease commitments under non-cancellable leases as of December 31, 2020 were as follows (in thousands):
Operating Leases Sublease Income Net Operating Leases Finance leases
2021 $ 25,451  $ 685  $ 24,766  $ 11,878 
2022 20,116  35  20,081  8,540 
2023 17,283  —  17,283  4,013 
2024 12,229  —  12,229  889 
2025 9,872  —  9,872  5 
Thereafter 38,193  —  38,193  — 
Total future lease payments 123,144  720  122,424  25,325 
Less: Amount representing interest (16,132) —  (16,132) (1,359)
Present value of future payments 107,012  720  106,292  23,966 
Less: Amount for tenant incentives —  —  —  — 
Revised Present value of future payments 107,012  720  106,292  23,966 
Less: Current portion (21,461) —  (21,461) (11,037)
Long term portion $ 85,551  $ 720  $ 84,831  $ 12,929 
Future minimum lease payments under non-cancellable leases
Future minimum lease commitments under non-cancellable leases as of December 31, 2020 were as follows (in thousands):
Operating Leases Sublease Income Net Operating Leases Finance leases
2021 $ 25,451  $ 685  $ 24,766  $ 11,878 
2022 20,116  35  20,081  8,540 
2023 17,283  —  17,283  4,013 
2024 12,229  —  12,229  889 
2025 9,872  —  9,872  5 
Thereafter 38,193  —  38,193  — 
Total future lease payments 123,144  720  122,424  25,325 
Less: Amount representing interest (16,132) —  (16,132) (1,359)
Present value of future payments 107,012  720  106,292  23,966 
Less: Amount for tenant incentives —  —  —  — 
Revised Present value of future payments 107,012  720  106,292  23,966 
Less: Current portion (21,461) —  (21,461) (11,037)
Long term portion $ 85,551  $ 720  $ 84,831  $ 12,929