Leases (Tables)

3 Months Ended

Mar. 31, 2021

The components of lease expense are as follows (in thousands):

	Three Months Ended
	March 31, 2021		March 31, 2020
Operating lease cost (1)	$	10,266	$	12,217
Variable lease cost		2,952		2,198
Net operating lease cost	$	13,218	$	14,415

(1) Operating lease cost is presented net of sublease income. The Company had no sublease income for the three months ended March 31, 2021. Sublease income for the three months ended March 31, 2020 was not material.

Schedule of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases is as follows (in thousands):

	Three Months Ended
	March 31, 2021		March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	16,224	$	9,451
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,498	$	(795	)

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):

	As of
	March 31, 2021			December 31, 2020
Operating lease right-of-use assets	$	265,237		$	266,197
Included in accounts payable and accrued liabilities:
Operating lease liability, current		32,715			35,647
Operating lease liability, non-current		303,159			307,936
Total operating lease liability	$	335,874		$	343,583

Weighted Average Remaining Lease Term:
Operating leases (in years)	8.81			9.05
Weighted Average Discount Rate:
Operating leases		4.59	%		4.60	%

Schedule of Future Lease Payments under Operating Leases

Future lease payments under operating leases as of March 31, 2021 are as follows (in thousands):

Year Ending December 31,	Operating Leases
2021 (remaining 9 months)	$	35,113
2022		48,126
2023		48,287
2024		47,238
2025		46,910
Thereafter		204,271
Total future lease payments		429,945
Less: imputed interest		(78,085	)
Less: expected tenant improvement allowance		(15,986	)
Total	$	335,874