LEASES (Tables)
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12 Months Ended |
Dec. 31, 2020 |
Leases [Abstract] |
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Schedule of lease cost |
Lease related costs recognized in the Consolidated Statements of Operations for the year ended December 31, 2020 and 2019 are as follows:
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Year Ended December 31, 2020 |
Year Ended December 31, 2019 |
Finance lease cost |
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Amortization of right-of-use assets |
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$ |
6,062 |
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$ |
6,305 |
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Interest on lease liabilities |
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1,142 |
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1,313 |
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Total finance lease cost |
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7,204 |
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7,618 |
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Operating lease cost |
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Operating lease cost |
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36,003 |
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36,236 |
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Short-term lease cost |
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1,396 |
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2,288 |
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Variable lease cost |
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11,087 |
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16,667 |
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Total operating lease cost |
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48,486 |
|
55,191 |
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Total lease cost |
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$ |
55,690 |
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$ |
62,809 |
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Schedule of lease, other information |
Other information related to leases included on the Consolidated Balance Sheet as of and for the year ended December 31, 2020 is as follows:
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Operating Leases |
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Financing Leases |
Right-of-use assets |
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$ |
192,828 |
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$ |
19,043 |
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Lease liabilities |
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$ |
187,732 |
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$ |
19,021 |
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Cash paid for amounts included in the measurement of lease liabilities |
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Operating cash flows |
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$ |
24,025 |
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$ |
1,142 |
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Financing cash flows |
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— |
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$ |
5,591 |
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Right-of-use assets obtained in exchange for lease liabilities |
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$ |
679 |
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$ |
6,068 |
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Weighted average remaining lease term |
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12.5 years |
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3.5 years |
Weighted average discount rate |
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8.38 |
% |
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6.72 |
% |
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Schedule of future minimum lease payments, operating lease |
Future minimum lease payments under non-cancellable leases as of December 31, 2020 are as follows:
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Operating Leases |
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Financing Leases |
2021 |
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$ |
34,152 |
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$ |
7,136 |
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2022 |
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29,102 |
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|
5,675 |
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2023 |
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28,941 |
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|
4,613 |
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2024 |
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22,789 |
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|
2,423 |
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2025 |
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20,161 |
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|
1,177 |
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Thereafter |
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177,666 |
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|
313 |
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Total minimum lease payments |
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312,811 |
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|
21,337 |
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Less: imputed interest |
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125,079 |
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|
2,316 |
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Total lease liabilities |
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$ |
187,732 |
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$ |
19,021 |
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Schedule of future minimum lease payments, finance lease |
Future minimum lease payments under non-cancellable leases as of December 31, 2020 are as follows:
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Operating Leases |
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Financing Leases |
2021 |
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$ |
34,152 |
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$ |
7,136 |
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2022 |
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29,102 |
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|
5,675 |
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2023 |
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28,941 |
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4,613 |
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2024 |
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22,789 |
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2,423 |
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2025 |
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20,161 |
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|
1,177 |
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Thereafter |
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177,666 |
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|
313 |
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Total minimum lease payments |
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312,811 |
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21,337 |
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Less: imputed interest |
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125,079 |
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|
2,316 |
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Total lease liabilities |
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$ |
187,732 |
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$ |
19,021 |
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