Leases (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental information related to the company’s leases for the three months ended March 31, 2019 was as follows:



	Three Months Ended March 31, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22,570
Operating cash flows from finance leases	18
Financing cash flows from finance leases	428
Right-of-use assets obtained in exchange for new operating lease liabilities	51,240
Right-of-use assets obtained in exchange for new finance lease liabilities	—
Weighted-average remaining lease term - operating leases	6.97 years
Weighted-average remaining lease term - finance leases	1.94 years
Weighted-average discount rate - operating leases	3.45		%
Weighted-average discount rate - finance leases	3.27		%

Information related to the company’s right-of use assets and lease liabilities as of March 31, 2019 was as follows:



Lease Assets / Liabilities	Balance Sheet Classification	March 31, 2019
(in thousands)
Right-of-use assets
Operating lease assets	Other assets	$	312,262
Finance lease assets	Other assets	1,504
Total right-of-use assets		$	313,766
Lease liabilities
Operating lease liabilities, current	Other accrued liabilities	$	67,428
Operating lease liabilities, noncurrent	Noncurrent liabilities	255,190
Finance lease liabilities, current	Other accrued liabilities	1,009
Finance lease liabilities, noncurrent	Noncurrent liabilities	947
Total lease liabilities		$	324,574

The components of lease expense for the three months ended March 31, 2019 were as follows:



Lease Cost / (Sublease Income)	Three Months Ended March 31, 2019
(in thousands)
Operating lease cost	$	22,406
Finance lease cost
Amortization of right-of-use assets	393
Interest on lease liabilities	18
Variable lease cost⁽¹⁾	4,546
Short-term lease cost	36,286
Sublease income	(11,108		)
Total lease cost	$	52,541


(1)	Primarily relates to rent escalation due to cost of living indexation and payments for property taxes, insurance or common area maintenance based on actual assessments.

Total remaining lease payments under both the company’s operating and finance leases are as follows:



Year Ended December 31,	Operating Leases			Finance Leases
(in thousands)
Remainder of 2019	$	59,119		$	1,140
2020	72,084			757
2021	52,926			111
2022	42,317			—
2023	34,940			—
Thereafter	100,766			—
Total lease payments	$	362,152		$	2,008
Less: Interest	(39,534		)	(52		)
Present value of lease liabilities	$	322,618		$	1,956