Lease Accounting (Tables)

9 Months Ended

Sep. 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	September 30, 2019		January 1, 2019
Assets
	Transportation Equipment	Right of Use Assets, net	103,396		117,727
	Office Space & Equipment	Right of Use Assets, net	11,914		14,194
	Facilities and Equipment	Right of Use Assets, net	69,413		77,008
Total Right of Use Assets, net			184,723		208,929
Liabilities
Current		Accrued liabilities	29,572		33,016
Non-Current		Other long-term liabilities	151,680		171,348
Total Lease Liability			$	181,252	$	204,364

Schedule of Maturity of Lease Liabilities

The maturities of our operating lease liabilities as of September 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	$	7,208		$	1,037		$	2,754		$	10,999
2020	26,386			4,107			9,383			39,876
2021	20,313			3,151			6,720			30,184
2022	18,060			2,441			5,410			25,911
2023	17,077			667			5,349			23,093
Thereafter	43,619			2,402			129,085			175,106
Total Lease Payments	132,663			13,805			158,701			305,169
Less: Interest	(25,391		)	(1,792		)	(96,734		)	(123,917		)
Present value of operating lease liabilities	$	107,272		$	12,013		$	61,967		$	181,252

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	September 30, 2019
Weighted-average remaining lease term	12.38 years
Weighted-average discount rate	7.58%

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

Cash Flows Information	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	33,740
Leased assets obtained in exchange for new operating lease liabilities	198,758

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 September 30, 2019:    

	Operating Leases				Direct Financing Lease
Maturity of Lessor Receipts	Marine Transportation		Onshore Facilities and Transportation		Onshore Facilities and Transportation
Remainder of 2019	$	6,808	$	300	$	5,166
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	26,936		10,400		180,843
Less: Interest	—		—		(61,682		)
Total Net Lease Receipts	$	26,936	$	10,400	$	119,161

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 September 30, 2019:    

	Operating Leases				Direct Financing Lease
Maturity of Lessor Receipts	Marine Transportation		Onshore Facilities and Transportation		Onshore Facilities and Transportation
Remainder of 2019	$	6,808	$	300	$	5,166
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	26,936		10,400		180,843
Less: Interest	—		—		(61,682		)
Total Net Lease Receipts	$	26,936	$	10,400	$	119,161