Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity

Aggregate future minimum lease payments under noncancelable operating and finance leases with an initial term in excess of one year were as follows as of September 30, 2019 (in thousands):

Year Ending:	Operating leases			Finance leases			Total
Remainder of 2019	$	12,194		$	8,183		$	20,377
2020	40,470			27,775			68,245
2021	30,353			31,148			61,501
2022	25,853			16,138			41,991
2023	20,386			13,075			33,461
Thereafter	20,529			11,628			32,157
Total	$	149,785		$	107,947		$	257,732
Less: Interest	(23,534		)	(15,606		)	(39,140		)
Present value of lease liabilities	$	126,251		$	92,341		$	218,592

Schedule of Future Minimum Rental Payments for Operating Leases

Aggregate future minimum lease payments under noncancelable operating leases with an initial term in excess of one year were as follows as of December 31, 2018 (in thousands):

Year Ending:
2019	$	45,713
2020	34,920
2021	25,536
2022	21,413
2023	17,920
Thereafter	17,556
Total	$	163,058

Finance Lease, Liability, Maturity

Aggregate future minimum lease payments under noncancelable operating and finance leases with an initial term in excess of one year were as follows as of September 30, 2019 (in thousands):

Year Ending:	Operating leases			Finance leases			Total
Remainder of 2019	$	12,194		$	8,183		$	20,377
2020	40,470			27,775			68,245
2021	30,353			31,148			61,501
2022	25,853			16,138			41,991
2023	20,386			13,075			33,461
Thereafter	20,529			11,628			32,157
Total	$	149,785		$	107,947		$	257,732
Less: Interest	(23,534		)	(15,606		)	(39,140		)
Present value of lease liabilities	$	126,251		$	92,341		$	218,592

Balance Sheet

Amounts recognized in the condensed consolidated balance sheets related to the Company's lease portfolio are as follows (in thousands):

	September 30, 2019
Assets:
Finance lease assets, net (included in property and equipment)	$	88,053
Operating lease right-of-use asset	115,385
Total lease assets	$	203,438
Liabilities:
Current finance lease liability	$	22,598
Current operating lease liability	35,924
Long-term finance lease liability	69,743
Long-term operating lease liability	90,327
Total lease liabilities	$	218,592

Lease, Cost

Amounts recognized in the condensed consolidated income statement related to the Company's lease portfolio for the three and nine months ended September 30, 2019 are as follows (in thousands):

		Three months ended		Nine months ended
Lease component	Classification	September 30, 2019		September 30, 2019
Rent expense - operating leases	Other operating expenses	$	15,503	$	49,274
Amortization of finance lease assets	Depreciation expense	$	5,817	$	15,019
Interest on finance lease liabilities	Interest expense	$	1,571	$	4,201

The weighted average remaining lease term and discount rate used in computing the lease liability as of September 30, 2019 were as follows:

Weighted average remaining lease term (in years)
Operating leases	4.4
Finance leases	3.9
Weighted average discount rate
Operating leases	7.3	%
Finance leases	7.8	%

Supplemental cash flow information related to leases for the nine months ended September 30, 2019 is as follows (in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	34,791
Operating cash flows for finance leases	3,928
Financing cash flows for finance leases	13,921
ROU assets added for operating leases:
Operating leases	$	20,266

Schedule of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and discount rate used in computing the lease liability as of September 30, 2019 were as follows:

Weighted average remaining lease term (in years)
Operating leases	4.4
Finance leases	3.9
Weighted average discount rate
Operating leases	7.3	%
Finance leases	7.8	%