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, 2021

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,
	2021		2020		2021		2020
Operating lease cost (a)	$	12,684	$	11,475	$	37,131	$	35,842
Short-term lease cost		3,922		3,209		11,120		9,086
Sublease income		(235)		(42)		(656)		(153)
Net lease cost	$	16,371	$	14,642	$	47,595	$	44,775

(a)	Includes variable cost components of $1,982 and $1,316 in the three months ended September 30, 2021 and 2020, respectively, and $5,487 and $4,090 of variable cost components in the nine months ended September 30, 2021 and 2020, respectively.

Schedule of future minimum lease payments

Future minimum lease payments under non-cancellable operating leases as of September 30, 2021 were as follows, in thousands:


Payments due by Period
2021	$	10,800
2022		37,401
2023		26,561
2024		18,785
2025		12,919
2026 & Thereafter		8,633
Total future minimum lease payments		115,099

Less: imputed interest		(6,761)

Lease liability at September 30, 2021	$	108,338

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: