Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease, Cost
The components of lease cost consisted of the following:
Year Ended December 31,
(in thousands) 2020 2019
Operating lease cost(1)
$ 104,906  $ 78,609 
Variable lease cost(1)
58,391  60,085 
Short term lease cost(1)
9,600  9,013 
$ 172,897  $ 147,707 
(1) For the year ended December 31, 2018, prior to the adoption of ASC 842 on January 1, 2019, rent expenses of $143.9 million and $1.6 million was included in SG&A expense and Cost of sales, respectively.
Lessee, Operating Lease, Liability, Maturity
The following table presents the future maturities of liabilities as of December 31, 2020:
(in thousands)
2021 $ 92,756 
2022 73,936 
2023 66,328 
2024 58,726 
2025 51,134 
Thereafter 130,429 
Total lease payments 473,309 
Less: imputed interest (54,662)
Total lease liabilities 418,647 
Less: current obligations (65,466)
Long-term lease obligations $ 353,181