Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Components of Lease Costs

The components of lease costs in the accompanying condensed consolidated statements of operations are as follows (in thousands):

		Three Months Ended
		March 31,
Lease cost	Classification	2020		2019
Finance lease cost:
Amortization of lease assets	Depreciation (1)	$	202	$	373
Interest on lease liabilities	Interest expense	17		21
Operating lease cost	Cost of services and Selling, general and administrative expenses	29,737		30,358
Short-term and variable lease cost (2)	Cost of services and Selling, general and administrative expenses	170,365		200,298
Total lease cost		$	200,321	$	231,050

⁽¹⁾   Depreciation is included within “Cost of services” and “Selling, general and administrative expenses” in the accompanying condensed consolidated statements of operations.

⁽²⁾  

Short-term lease cost includes both leases and rentals with initial terms of one year or less. Variable lease cost is insignificant and primarily relates to real estate leases and consists of common area maintenance charges, real estate taxes, insurance and other variable costs.

Components of Leases in the Balance Sheet

The components of leases in the accompanying condensed consolidated balance sheet were as follows (in thousands):

Lease type	Classification	March 31, 2020		December 31, 2019
Assets:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	287,157	$	284,369
Finance lease assets	Property and equipment, net of accumulated depreciation	1,295		1,043
Total lease assets		$	288,452	$	285,412
Liabilities:
Current:
Operating	Current portion of operating lease liabilities	$	91,389	$	92,475
Finance	Current maturities of long-term debt and short-term debt	505		440
Non-current:
Operating	Operating lease liabilities, net of current portion	200,817		196,521
Finance	Long-term debt, net of current maturities	988		517
Total lease liabilities		$	293,699	$	289,953

Future Minimum Lease Payments - Operating Leases

Future minimum lease payments for operating and finance leases were as follows (in thousands):

	As of March 31, 2020
	Operating Leases			Finance Leases			Total
Remainder of 2020	$	78,839		$	432		$	79,271
2021	82,423			495			82,918
2022	57,924			307			58,231
2023	39,031			240			39,271
2024	22,252			120			22,372
Thereafter	40,469			8			40,477
Total future minimum operating and finance lease payments	$	320,938		$	1,602		$	322,540
Less imputed interest	(28,732		)	(109		)	(28,841		)
Total lease liabilities	$	292,206		$	1,493		$	293,699

Future Minimum Lease Payments - Finance Leases

Future minimum lease payments for operating and finance leases were as follows (in thousands):

	As of March 31, 2020
	Operating Leases			Finance Leases			Total
Remainder of 2020	$	78,839		$	432		$	79,271
2021	82,423			495			82,918
2022	57,924			307			58,231
2023	39,031			240			39,271
2024	22,252			120			22,372
Thereafter	40,469			8			40,477
Total future minimum operating and finance lease payments	$	320,938		$	1,602		$	322,540
Less imputed interest	(28,732		)	(109		)	(28,841		)
Total lease liabilities	$	292,206		$	1,493		$	293,699

Other Information Related to Leases

The weighted average remaining lease terms and discount rates were as follows:

	As of March 31, 2020
Weighted average remaining lease term (in years):
Operating leases	4.44
Finance leases	3.44
Weighted average discount rate:
Operating leases	4.2	%
Finance leases	4.2	%