Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Lease Cost

The components of lease cost were as follows:

	Year Ended December 31,
	2020				2019
	(in thousands)
Operating lease expense	$	60,450			$	60,921
Sublease income		(2,815	)			(4,716	)
Total net lease costs	$	57,635			$	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:

	For the Year Ended December 31,
	2020						2019
Weighted-average remaining lease term		7.6						8.1
Weighted-average discount rate		5.5	%					5.7	%

Present Value of Operating Lease Liabilities

Maturity of Lease Liabilities

The present value of our operating lease liabilities as of December 31, 2020 were as follows:

	Operating Leases
	(in thousands)
Year ending December 31,
2021	$	59,129
2022		63,968
2023		59,859
2024		59,731
2025		55,341
Thereafter		107,125
Total lease payments	$	405,153
Less: Imputed interest		(76,784	)
Present value of lease liabilities	$	328,369