Annual report pursuant to Section 13 and 15(d)

Operating Leases (Tables)

v3.20.4
Operating Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Operating Lease Cost, Included in Selling, General and Administrative Expense
The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands):
 
    
Years Ended
December 31,
  
    
2020
     
2019
  
Operating lease cost:
                  
Lease cost
(1)
    $ 25,508      $ 24,372  
Variable lease cost
(2)
      5,438        5,305  
Sublease income
      (246 )       (305 ) 
    
 
 
     
 
 
  
     $ 30,700      $ 29,372  
    
 
 
     
 
 
  
 
(1)
Includes short-term lease cost and ROU asset amortization.
(2)
Primarily relates to common area maintenance, property taxes, insurance, utilities and parking.
Maturities of lease liabilities
Maturities of lease liabilities by year consisted of the following (in thousands):
 
    
December 31,
2020
  
2021
    $ 22,970  
2022
      17,609  
2023
      13,804  
2024
      11,575  
2025
      9,363  
Thereafter
      9,202  
    
 
 
  
Total future minimum lease payments
      84,523  
Less imputed interest
      (5,925 ) 
    
 
 
  
Present value of operating lease liabilities
    $ 78,598  
    
 
 
  
Schedule of Supplemental Cash Flow Information and Noncash Activity Related to Operating Leases
Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands):
 
    
Years Ended
December 31,
  
    
2020
     
2019
  
Operating cash flow information:
                  
Cash paid for amounts included in the measurement of operating lease liabilities
    $ 21,131      $ 20,266  
Noncash activity:
                  
ROU assets obtained in exchange for operating lease liabilities
    $ 16,293      $ 21,548  
Tenant improvements owned by lessor related to ROU assets
(1)
    $ 971      $ 5,952  
 
(1)
Reclassification from other assets current.
Schedule of Other Information Related to Operating Leases
Other information related to the operating leases consisted of the following:
 
    
December 31,
  
    
2020
    
2019
  
Weighted average remaining operating lease term
      4.70 years       5.04
 
years		  
Weighted average discount rate
      3.1 %      3.8 %