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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Lease Cost and Other Information

 

 

 

Three Months Ended

 

 

 

March 31, 2019

 

Lease Cost

 

(in thousands)

 

 

 

 

 

 

Finance Lease Cost:

 

 

 

 

Amortization of right-of-use assets

 

$

2,770

 

Interest on lease liabilities

 

 

800

 

Operating lease cost (includes variable and sublease costs as they are immaterial)

 

 

5,356

 

Short-term lease cost

 

 

932

 

Total lease cost

 

$

9,858

 

 

 

 

 

 

Other Information

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from finance leases

 

 

800

 

Operating cash flows from operating leases

 

 

6,783

 

Finance cash flows from finance leases

 

 

4,589

 

Right-of-use assets obtained in exchange for new finance lease liabilities

 

 

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

3,017

 

Weighted-average remaining lease term - finance leases (years)

 

 

4.7

 

Weighted-average remaining lease term - operating leases (years)

 

 

6.0

 

Weighted-average discount rate - finance leases

 

 

3.4

%

Weighted-average discount rate - operating leases

 

 

4.7

%

 

 

 

 

 

 

Summary of Maturity of Lease Liabilities

Maturity of Lease Liaiblities

(in thousands)

 

Operating Leases

 

 

Finance Leases

 

2019

 

$

17,510

 

 

$

15,984

 

2020

 

 

18,429

 

 

 

21,311

 

2021

 

 

15,377

 

 

 

21,837

 

2022

 

 

12,313

 

 

 

20,101

 

2023

 

 

8,779

 

 

 

14,522

 

Thereafter

 

 

23,301

 

 

 

14,073

 

Total lease payments

 

 

95,709

 

 

 

107,828

 

Less: Interest

 

 

20,284

 

 

 

9,558

 

Present value of lease liabilities

 

$

75,425

 

 

$

98,270