v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Cost

The components of lease cost were as follows:

 

 

Year Ended December 31,

 

 

2019

 

 

(in thousands)

 

Operating lease expense

$

60,921

 

Sublease income

 

(4,716

)

Total net lease costs

$

56,205

 

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:

 

 

December 31, 2019

 

Weighted-average remaining lease term

 

8.1

 

Weighted-average discount rate

 

5.7

%

Present Value of Operating Lease Liabilities

Maturity of Lease Liabilities

The present value of our operating lease liabilities as of December 31, 2019 were as follows:

 

 

Operating Leases

 

 

(in thousands)

 

Year ending December 31,

 

 

 

2020

$

60,774

 

2021

 

64,822

 

2022

 

56,655

 

2023

 

52,754

 

2024

 

52,458

 

Thereafter

 

144,184

 

Total lease payments

$

431,647

 

Less: Imputed interest

 

(86,194

)

Present value of lease liabilities

$

345,453