TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Nine Months Ended September 30,

Cash paid for amounts included in the measurement of lease liabilities

Leases (Tables)

9 Months Ended

Sep. 30, 2020

The components of lease expense were as follows and are primarily included in cost of sales on the accompanying unaudited condensed consolidated statements of operations, in thousands:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating lease cost (a)	$	11,475	$	12,393	$	35,842	$	38,597
Short-term lease cost		3,209		3,381		9,086		9,391
Sublease income		(42)		(153)		(153)		(461)
Net lease cost	$	14,642	$	15,621	$	44,775	$	47,527

(a)	Includes variable cost components of $1,316 and $1,434 in the three months ended September 30, 2020 and 2019, respectively, and $4,090 and $4,201 of variable cost components in the nine months ended September 30, 2020 and 2019, respectively.

Schedule of future minimum lease payments

Future minimum lease payments under non-cancellable operating leases as of September 30, 2020 were as follows, in thousands:


Payments due by Period
2020	$	10,234
2021		32,978
2022		22,083
2023		12,429
2024		7,135
2025 & Thereafter		7,189
Total future minimum lease payments		92,048

Less: imputed interest		(6,629)

Lease liability at September 30, 2020	$	85,419

Schedule of cash flow information

The amount below is included in the cash flows provided by (used in) operating activities section on the accompanying unaudited condensed consolidated statements of cash flows, in thousands: