Leases (Tables)

3 Months Ended

Mar. 31, 2019

The table below presents the components of the Company’s lease costs for the three months ended March 31, 2019.



	Three Months Ended March 31, 2019
	(In thousands)
Components of Lease Costs
Finance lease costs
Amortization of right-of-use assets ⁽¹⁾		$374
Interest on lease liabilities ⁽²⁾	145
Operating lease costs ⁽³⁾	14,080
Short-term lease costs ⁽⁴⁾	218
Variable lease costs ⁽⁵⁾	102
Total lease costs		$14,919

Assets and Liabilities, Lessee

The table below presents supplemental balance sheet information for the Company’s leases as of March 31, 2019.



	March 31, 2019
	(In thousands)
Leases
Operating leases:
Operating lease ROU assets		$71,965

Current operating lease liabilities		$35,543
Long-term operating lease liabilities	42,468
Total operating lease liabilities		$78,011

Financing leases:
Other property and equipment, at cost		$7,810
Accumulated depreciation	(4,759		)
Other property and equipment, net		$3,051

Current financing lease liabilities ⁽¹⁾		$1,829
Long-term financing lease liabilities ⁽²⁾	1,549
Total financing lease liabilities		$3,378

Cash Flow Information, Lessee

The table below presents supplemental cash flow information for the Company’s leases for the three months ended March 31, 2019.



	Three Months Ended March 31, 2019
	(In thousands)
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$2,575
Investing cash flows from operating leases		$13,596
Operating cash flows from financing leases		$145
Financing cash flows from financing leases		$453

ROU assets obtained in exchange for lease liabilities
Operating leases		$11,153
Financing leases		$1,082

Lease Terms and Discount Rates

The table below presents the weighted average remaining lease terms and weighted average discount rates for the Company’s leases as of March 31, 2019.



	March 31, 2019
Weighted Average Remaining Lease Term (In years)
Operating leases	4.5 years
Financing leases	2.4 years

Weighted Average Discount Rate
Operating leases	8.0	%
Financing leases	13.8	%

Lessee, Operating Lease, Liability, Maturity

The table below presents the maturity of the Company’s lease liabilities as of March 31, 2019.



	Operating Leases			Financing Leases
	(In thousands)
April - December 2019		$30,983			$1,669
2020	27,098			1,475
2021	7,355			275
2022	3,645			234
2023	3,680			233
2024 and Thereafter	21,499			39
Total lease payments	94,260			3,925
Less: Imputed interest	(16,249		)	(547		)
Total lease liabilities		$78,011			$3,378