Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Lease Assets and Liabilities

The following table presents the lease-related assets and liabilities reported in the Consolidated Balance Sheet as of March 31, 2019 (in thousands):



	Classification on the Consolidated Balance Sheet	March 31, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	228,131
Finance lease assets	Property, plant and equipment, net	10,816
Total lease assets		$	238,947

Liabilities
Current
Operating	Operating lease liabilities, current	$	48,776
Finance	Current maturities of long-term debt and finance lease liabilities	4,524
Noncurrent
Operating	Operating lease liabilities, long-term	191,226
Finance	Long-term debt and finance lease liabilities	6,386
Total lease liabilities		$	250,912

Schedule of Lease Cost

The following table presents information related to lease expense for the three months ended March 31, 2019 (in thousands):



	For the three months ended March 31, 2019
Finance lease expense:
Amortization expense	$	1,150
Interest expense	113
Operating lease expense	16,089
Short-term lease expense	35,735
Variable lease expense	923
Total lease expense	$	54,010

Schedule of Lease Term and Discount Rate

The following table presents certain information related to lease terms and discount rates for leases as of March 31, 2019:



	March 31, 2019
Weighted-average remaining lease term:
Operating leases	6.4 years
Finance leases	3.1 years
Weighed-average discount rate:
Operating leases	4.25	%
Finance leases	4.17	%

Schedule of Supplemental Cash Flow Lease Information

The following table presents supplemental cash flow information related to leases for the three months ended March 31, 2019 (in thousands):



	For the three months ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	15,981
Operating cash flows used for finance leases	$	113
Financing cash flows used for finance leases	$	1,053
Right-of-use assets obtained in exchange for new operating lease liabilities	$	23,956
Right-of-use assets obtained in exchange for new finance lease liabilities	$	2,973

Schedule of Maturity of Lease Liabilities

The following table reconciles future minimum lease payments on an undiscounted cash flow basis to the lease liabilities reported in the Consolidated Balance Sheet as of March 31, 2019 (in thousands):



	Operating Leases			Finance Leases
April 1, 2019 to March 31, 2020	$	57,807		$	4,879
April 1, 2020 to March 31, 2021	47,957			3,256
April 1, 2021 to March 31, 2022	39,428			2,020
April 1, 2022 to March 31, 2023	31,913			1,014
April 1, 2023 to March 31, 2024	25,016			279
Thereafter	75,741			172
Total minimum lease payments	277,862			11,620
Less: Amount of lease payments representing interest	(37,860		)	(710		)
Present value of future minimum lease payments	$	240,002		$	10,910


Current portion of lease liabilities	$	48,776		$	4,524
Noncurrent portion of lease liabilities	191,226			6,386
Present value of future minimum lease payments	$	240,002		$	10,910