Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of Operating Lease Cost and Other Information

Operating lease cost and other information (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine months ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Fixed lease cost

 

$

68,059

 

 

$

63,724

 

 

$

194,714

 

 

$

180,324

 

Variable lease cost

 

 

1,141

 

 

 

1,219

 

 

 

2,152

 

 

 

10,157

 

Operating cash flows used for leases

 

 

61,630

 

 

 

67,744

 

 

 

188,540

 

 

 

192,066

 

Noncash right-of-use assets recorded for lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For January 1 adoption of Topic 842

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,035,062

 

In exchange for new lease liabilities during the period

 

 

45,327

 

 

 

74,500

 

 

 

177,379

 

 

 

114,542

 

Weighted-average remaining lease term

 

4.41 years

 

 

4.70 year

 

 

4.41 years

 

 

4.70 year

 

Weighted-average discount rate

 

 

4.02

%

 

 

4.24

%

 

 

4.02

%

 

 

4.24

%
Summary of Maturities of Lease Liabilities

The maturities of lease liabilities were as follows (in thousands):

 

 

 

September 30, 2020

 

2020 remaining months

 

$

65,136

 

2021

 

 

240,845

 

2022

 

 

208,271

 

2023

 

 

184,152

 

2024

 

 

170,395

 

Thereafter

 

 

515,258

 

Total lease payments

 

 

1,384,057

 

Less: Imputed interest

 

 

(182,713

)

 

 

$

1,201,344