v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Summary of Balance Sheet Information Relating to Leases
Supplemental balance sheet information related to lease liabilities at December 31, 2020, was as follows (in thousands):
 
Lease-Related Assets and  Liabilities
 
Financial Statement Line Items
 
As of December 31, 2020
Right-of-use
assets:
 
 
 
   
Operating leases
 
Operating lease
right-of-use
assets
 
$
217,075
 
 
 
 
 
 
 
 
Total
right-of-use
assets
 
 
 
$
217,075
 
 
 
 
 
 
 
 
Lease liabilities:
 
 
 
   
Operating leases
 
Operating lease liabilities
 
$
29,079
 
 
 
Operating lease liabilities, noncurrent
 
 
229,800
 
 
 
 
 
 
 
 
Total lease liabilities
 
 
 
$
        258,879
 
 
 
 
 
 
 
 
Summary of Operating Lease Cost
The components of lease expense included in the Company’s consolidated statements of operations include (in thousands):
 
   
Year Ended
December 31, 2020
Operating lease expense
  $53,576 
Short-term lease expense
   8,942 
Variable lease expense
   9,433 
Less: Sublease income
   19,769 
   
 
 
 
Total lease expense, net
  $        52,182 
   
 
 
 
Summary of Lessee, Operating Lease, Liability, Maturity
Maturities of operating lease liabilities as of December 31, 2020 were as follows (in thousands):
 
   
As of December 31, 2020
Year ended December 31,                
  
Operating Lease
  Commitments  
 
Less: Sublease
Income
   
Net Lease
Commitments
             
2021
  $44,630  $17,582   $27,048 
2022
   40,099   12,418    27,681 
2023
   45,085   18,288    26,797 
2024
   41,629   16,407    25,222 
2025
   40,066   14,210    25,856 
Thereafter
   124,935   71,403    53,532 
   
 
 
 
 
 
 
   
 
 
 
Total undiscounted liabilities
   336,444   150,308    186,136 
Less: Leases not yet commenced
   (1,082)   —    (1,082) 
Less: Imputed interest
   (76,483)   —    (76,483) 
   
 
 
 
 
 
 
   
 
 
 
Total operating lease liabilities
  $            258,879  $              150,308   $                  108,571 
   
 
 
 
 
 
 
   
 
 
 
Summary of Future Annual Minimum Payments under Noncancelable Operating Leases
As of December 31, 2019, prior to the Company’s adoption of ASC 842, annual minimum payments under noncancelable operating leases were as follows (in thousands):
 
  
Operating Lease
Commitments
 
Less: Sublease
Income
 
Net Operating Lease
Commitments
       
2020
 $58,914  $18,192  $40,722 
2021
  49,093   17,582   31,511 
2022
  45,894   17,665   28,229 
2023
  44,861   17,532   27,329 
2024
  41,968   15,636   26,332 
Thereafter
  133,883   84,985   48,898 
  
 
 
 
 
 
 
 
 
 
 
 
Total minimum lease payments
 $            374,613  $              171,592  $                  203,021 
  
 
 
 
 
 
 
 
 
 
 
 
Summary of Supplemental Cash Flow Information Related to Lease, Cost The following table sets forth the supplemental information related to the Company’s operating leases for the year ended December 31, 2020 (in thousands):
   
Year Ended
December 31, 2020
Cash paid for operating lease liabilities
  $58,157 
Lease liabilities arising from obtaining
right-of-use
assets
  $                17,647