Lessee Accounting

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lessee Accounting

LESSEE ACCOUNTING

The Consolidated Balance Sheets include the following amounts for right-of-use assets and lease liabilities as of December 31, 2019:

	Amounts
Right-of-use assets:
Operating	$	114,042
Finance	325,826
Total right-of-use assets	$	439,868
Lease liabilities:
Current:
Operating	$	14,651
Finance	486
Total current	15,137
Non-current:
Operating	96,941
Finance	565
Total non-current	97,506
Total lease liabilities	$	112,643

As of December 31, 2019, we have prepaid our obligations regarding most of our finance right-of-use assets. Finance lease assets are reported net of accumulated amortization of $57.3 million as of December 31, 2019.

The following are the components of lease cost and weighted average lease terms and discount rates for operating and finance leases:

	For the year ended December 31, 2019
Lease cost:
Operating lease cost	$	24,342
Finance lease cost:
Amortization of right-of-use assets	26,489
Interest on lease liabilities	173
Total finance lease cost	26,662
Short-term lease cost	434
Variable lease cost	8,837
Total lease cost	$	60,275

	As of December 31, 2019
Lease term and discount rate:
Weighted average remaining lease term:
Finance leases	2.1 years
Operating leases	10.3 years
Weighted average discount rate:
Finance leases	11.9	%
Operating leases	6.1	%

The following table details cash flows from operating and finance leases:

	For the year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22,618
Operating cash flows from finance leases	173
Financing cash flows from finance leases	654

We obtained right-of-use assets in exchange for lease liabilities of $8.5 million upon commencement of operating leases during the year ended December 31, 2019.

The following table presents future minimum lease payments of our lease liabilities as of December 31, 2019:

	Operating Leases			Finance Leases			Total
Year ending December 31,
2020	$	20,884		$	629		$	21,513
2021	17,648			487			18,135
2022	15,384			96			15,480
2023	14,373			—			14,373
2024	13,286			—			13,286
After 2024	71,147			—			71,147
Total future minimum lease payments	152,722			1,212			153,934
Less: Interest	(41,130		)	(161		)	(41,291		)
Total lease liabilities	$	111,592		$	1,051		$	112,643

Lessee Accounting

LESSEE ACCOUNTING

The Consolidated Balance Sheets include the following amounts for right-of-use assets and lease liabilities as of December 31, 2019:

	Amounts
Right-of-use assets:
Operating	$	114,042
Finance	325,826
Total right-of-use assets	$	439,868
Lease liabilities:
Current:
Operating	$	14,651
Finance	486
Total current	15,137
Non-current:
Operating	96,941
Finance	565
Total non-current	97,506
Total lease liabilities	$	112,643

As of December 31, 2019, we have prepaid our obligations regarding most of our finance right-of-use assets. Finance lease assets are reported net of accumulated amortization of $57.3 million as of December 31, 2019.

The following are the components of lease cost and weighted average lease terms and discount rates for operating and finance leases:

	For the year ended December 31, 2019
Lease cost:
Operating lease cost	$	24,342
Finance lease cost:
Amortization of right-of-use assets	26,489
Interest on lease liabilities	173
Total finance lease cost	26,662
Short-term lease cost	434
Variable lease cost	8,837
Total lease cost	$	60,275

	As of December 31, 2019
Lease term and discount rate:
Weighted average remaining lease term:
Finance leases	2.1 years
Operating leases	10.3 years
Weighted average discount rate:
Finance leases	11.9	%
Operating leases	6.1	%

The following table details cash flows from operating and finance leases:

	For the year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22,618
Operating cash flows from finance leases	173
Financing cash flows from finance leases	654

We obtained right-of-use assets in exchange for lease liabilities of $8.5 million upon commencement of operating leases during the year ended December 31, 2019.

The following table presents future minimum lease payments of our lease liabilities as of December 31, 2019:

	Operating Leases			Finance Leases			Total
Year ending December 31,
2020	$	20,884		$	629		$	21,513
2021	17,648			487			18,135
2022	15,384			96			15,480
2023	14,373			—			14,373
2024	13,286			—			13,286
After 2024	71,147			—			71,147
Total future minimum lease payments	152,722			1,212			153,934
Less: Interest	(41,130		)	(161		)	(41,291		)
Total lease liabilities	$	111,592		$	1,051		$	112,643