Lease Accounting (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Major Categories of Operating Lease Portfolio

Our lease portfolio consists of operating leases within three major categories:

Leases	Classification	Financial Statement Caption	June 30, 2019		January 1, 2019
Assets
	Transportation Equipment	Right of Use Assets, net	107,383		117,727
	Office Space & Equipment	Right of Use Assets, net	12,517		14,194
	Facilities and Equipment	Right of Use Assets, net	71,597		77,008
Total Right of Use Assets, net			191,497		208,929
Liabilities
Current		Accrued liabilities	30,501		33,016
Non-Current		Other long-term liabilities	157,228		171,348
Total Lease Liability			$	187,729	$	204,364

Schedule of Maturity of Lease Liabilities

The maturities of our operating lease liabilities as of June 30, 2019 on an undiscounted cash flow basis reconciled to the present value recorded on our Unaudited Condensed Consolidated Balance Sheet:

Maturity of Lease Liabilities	Transportation Equipment			Office Space and Equipment			Facilities and Equipment			Operating Leases
Remainder of 2019	$	16,213		$	2,412		$	6,219		$	24,844
2020	25,996			4,069			9,383			39,448
2021	20,137			3,087			6,720			29,944
2022	17,980			2,376			5,410			25,766
2023	17,077			600			5,349			23,026
Thereafter	43,619			2,307			129,085			175,011
Total Lease Payments	141,022			14,851			162,166			318,039
Less: Interest	(29,195		)	(2,264		)	(98,851		)	(130,310		)
Present value of operating lease liabilities	$	111,827		$	12,587		$	63,315		$	187,729

Schedule of Lease Term and Discount Rates

The following table presents the weighted average remaining term and discount rate related to our right of use assets:

Lease Term and Discount Rate	June 30, 2019
Weighted-average remaining lease term	12.24 years
Weighted-average discount rate	7.56%

The following table provides information regarding the cash paid and right of use assets obtained related to our operating leases:

Cash Flows Information	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	23,868
Leased assets obtained in exchange for new operating lease liabilities	197,877

Schedule of Fixed Operating Lease Payments to be Received by Lessor Arrangement

The following table details the fixed lease payments we will receive for our lessor arrangements as of June 30, 2019:    

	Operating Leases				Direct Financing Lease
Maturity of Lessor Receipts	Marine Transportation		Onshore Facilities and Transportation		Onshore Facilities and Transportation
Remainder of 2019	$	13,616	$	600	$	10,334
2020	20,128		1,200		20,668
2021	—		1,200		20,668
2022	—		1,200		20,668
2023	—		1,200		20,668
Thereafter	—		5,300		93,005
Total Lease Receipts	33,744		10,700		186,011
Less: Interest	—		—		(64,736		)
Total Net Lease Receipts	$	33,744	$	10,700	$	121,275

Schedule of Fixed Direct Lease Payments to be Received by Lessor Arrangement

The following table details the fixed lease payments we will receive for our lessor arrangements as of June 30, 2019:    

	Operating Leases				Direct Financing Lease
Maturity of Lessor Receipts	Marine Transportation		Onshore Facilities and Transportation		Onshore Facilities and Transportation
Remainder of 2019	$	13,616	$	600	$	10,334
2020	20,128		1,200		20,668
2021	—		1,200		20,668
2022	—		1,200		20,668
2023	—		1,200		20,668
Thereafter	—		5,300		93,005
Total Lease Receipts	33,744		10,700		186,011
Less: Interest	—		—		(64,736		)
Total Net Lease Receipts	$	33,744	$	10,700	$	121,275