v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Components of Lease Cost

The components of lease cost were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2019

 

 

2019

 

 

(in thousands)

 

Operating lease expense

$

14,442

 

 

$

46,313

 

Sublease income

 

(1,287

)

 

 

(3,480

)

Total net lease costs

$

13,155

 

 

$

42,833

 

Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases

Lease Term and Discount Rate

The weighted-average remaining lease term (in years) and discount rate related to the operating leases were as follows:

 

 

September 30, 2019

 

Weighted-average remaining lease term

 

6.8

 

Weighted-average discount rate

 

6.1

%

Present Value of Operating Lease Liabilities

Maturity of Lease Liabilities

The present value of our operating lease liabilities as of September 30, 2019 were as follows:

 

 

Operating Leases

 

 

(in thousands)

 

Remainder of 2019

$

16,260

 

2020

 

69,071

 

2021

 

64,922

 

2022

 

56,315

 

2023

 

52,166

 

Thereafter

 

152,266

 

Total lease payments

$

411,000

 

Less: Imputed interest

 

(76,477

)

Present value of lease liabilities

$

334,523