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Leases (Tables)
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):

 

 

 

Balance Sheet Classification

 

September 30, 2020

 

 

December 31, 2019

 

Operating leases

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets, net

 

Other noncurrent assets, net

 

$

219,380

 

 

$

235,285

 

   Current lease liabilities

 

Other current liabilities

 

$

34,434

 

 

$

35,043

 

   Noncurrent lease liabilities

 

Other noncurrent liabilities

 

$

171,639

 

 

$

185,722

 

 

 

 

 

 

 

 

 

 

 

 

Finance leases

 

 

 

 

 

 

 

 

 

 

Finance lease right-of-use assets, net of accumulated depreciation of $3,165 as of September 30, 2020 and $2,526 as of December 31, 2019

 

Property, plant and equipment, net

 

$

7,825

 

 

$

8,138

 

   Current lease liabilities

 

Other current liabilities

 

$

1,006

 

 

$

900

 

   Noncurrent lease liabilities

 

Other noncurrent liabilities

 

$

14,417

 

 

$

15,177

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Remaining Lease Term

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

6.8 years

 

 

7.4 years

 

Finance leases

 

 

 

10.9 years

 

 

11.6 years

 

Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

Operating leases

 

 

 

 

5.1

%

 

 

5.3

%

Finance leases

 

 

 

 

5.7

%

 

 

5.7

%

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

   Operating cash flows from operating leases

 

$

35,455

 

 

$

16,754

 

   Operating cash flows from finance leases

 

 

676

 

 

 

712

 

   Financing cash flows from finance leases

 

 

652

 

 

 

610

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of September 30, 2020 were as follows (in thousands):

 

 

 

Operating Leases

 

 

Finance Leases

 

Remainder of 2020

 

$

11,506

 

 

$

467

 

2021

 

 

42,725

 

 

 

1,843

 

2022

 

 

39,858

 

 

 

1,803

 

2023

 

 

36,577

 

 

 

1,818

 

2024

 

 

33,953

 

 

 

1,833

 

Thereafter

 

 

82,990

 

 

 

13,363

 

   Total future minimum lease payments

 

 

247,609

 

 

 

21,127

 

Less: imputed interest

 

 

(41,536

)

 

 

(5,704

)

Total

 

$

206,073

 

 

$

15,423