Sale-Leasebacks of Real Estate (Tables)

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Schedule of outstanding sale-leaseback financing obligations

The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2018 and 2017 are as follows:

	Maturity	Interest Rate as of December 31, 2018	2018		2017
			(In thousands)
1 warehouse – 2010	7/2030	10.34%	$	19,265	$	19,457
11 warehouses – 2007	9/2027	7.00%-19.59%	99,655		102,059
Total sale-leaseback financing obligations			$	118,920	$	121,516

As of December 31, 2018, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:

Years Ending December 31:	(In thousands)
2019	$	16,829
2020	17,087
2021	17,351
2022	17,619
2023	17,892
Thereafter	133,260
Total minimum payments	220,038
Interest portion	(101,118		)
Present value of net minimum payments	$	118,920