Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.22.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Summary of Operating Lease Cost and Other Information

Operating lease cost and other information:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

Fixed lease cost

 

$

290,509

 

 

$

266,105

 

Variable lease cost

 

 

5,354

 

 

 

3,455

 

Operating cash flows used for leases

 

 

286,411

 

 

 

257,775

 

Weighted-average remaining lease term

 

5.95 years

 

 

4.31 years

 

Weighted-average discount rate

 

 

3.07

%

 

 

3.67

%

Summary of Future Lease Payments

The following table presents future lease payments as of December 31, 2021:

 

Year (in thousands)

 

Operating Leases

 

2022

 

$

266,959

 

2023

 

 

245,011

 

2024

 

 

223,303

 

2025

 

 

198,589

 

2026

 

 

155,008

 

Thereafter

 

 

378,638

 

Total lease payments

 

$

1,467,508

 

      Less: Imputed interest

 

 

147,102

 

Operating lease liabilities

 

$

1,320,406