Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.1
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule Of Lease Information

As of December 31,

2019

Operating Lease Asset

$

20,858

Operating Lease Liability

22,124

Weighted Average Lease Term (in years) (1)

3.7

Weighted Average Discount Rate (2)

5.30%

(1)Our weighted average lease term excludes one real estate lease that expires in May 2056.

(2)As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments. To estimate incremental borrowing rates, we consider various factors, including the rates applicable to our recently issued debt and credit facilities and prevailing financial market conditions. We used the incremental borrowing rate as of January 1, 2019 for operating leases that commenced prior to that date.

Schedule Of Lease Costs

For the year ended

December 31, 2019

Fixed rental costs

$

7,460

Short-term lease cost

5,113

Variable lease cost

2,490

Total operating lease costs

$

15,063

Schedule Of Maturity Of Operating Lease Liabilities

As of December 31,

Operating Lease Liabilities

2020

  

$

6,038

2021

  

5,087

2022

  

4,361

2023

  

3,463

2024

1,135

After 2024

  

11,608

Total lease payments

  

$

31,692

Less: Interest

9,568

Present value of operating lease liabilities

$

22,124