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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Three Months Ended March 31,

Cash paid for amounts included in the measurement of lease liabilities

Leases (Tables)

3 Months Ended

Mar. 31, 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 March 31,
	2020		2019
Operating lease cost (a)	$	12,271	$	13,535
Short-term lease cost		3,064		3,005
Sublease income		(62)		(154)
Net lease cost	$	15,273	$	16,386

(a)	Includes $1,444 and $1,377 of variable cost components during the three months ended March 31, 2020 and 2019, respectively.

Schedule of future minimum lease payments

Future minimum lease payments under non-cancellable operating leases as of March 31, 2020 were as follows, in thousands:


Payments due by Period
2020	$	29,893
2021		28,886
2022		19,183
2023		10,083
2024		5,423
2025 & Thereafter		5,827
Total future minimum lease payments		99,295

Less: imputed interest		(10,219)

Lease liability at March 31, 2020	$	89,076

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: