Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Summary of Lease Assets and Liabilities

Lease assets and liabilities are summarized as follows:

(in thousands)	Classification		June 30, 2019
Assets
Operating lease assets	Operating lease assets	$	300,698
Finance lease assets	Other assets		4,410
Total lease assets		$	305,108
Liabilities
Operating lease liabilities	Operating lease liabilities	$	325,400
Finance lease liabilities	Notes and contracts payable		4,672
Total lease liabilities		$	330,072

Summary of Components of Lease Expense

The components of lease expense are as follows:

(in thousands)	Classification	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	Other operating expenses	$	21,469		$	43,562
Finance lease cost:
Amortization of lease assets	Depreciation and amortization		523			1,096
Interest of lease liabilities	Interest		49			105
Variable lease cost	Other operating expenses		8,320			15,309
Short-term lease cost	Other operating expenses		529			990
Sublease income	Information and other		(378	)		(855	)
Net lease cost		$	30,512		$	60,207

Schedule of Future Minimum Lease Payments Under Operating and Finance Lease with Noncancelable Lease Terms

Future minimum lease payments under operating and finance leases with noncancelable lease terms, as of June 30, 2019, are as follows:

(in thousands)		Operating Leases			Finance Leases			Total
Remainder of 2019	$	43,357		$	877		$	44,234
2020		79,796			1,464			81,260
2021		65,560			1,155			66,715
2022		53,790			1,059			54,849
2023		39,686			443			40,129
2024		27,952			—			27,952
Thereafter		58,704			—			58,704
Total lease payments		368,845			4,998			373,843
Interest		(43,445	)		(326	)		(43,771	)
Present value of lease liabilities	$	325,400		$	4,672		$	330,072

Schedule of Information Related to Lease Terms and Discount Rate

Information related to lease terms and discount rates is as follows:

	June 30, 2019
Weighted-average remaining lease terms (years):
Operating leases	5.6
Finance leases	3.5
Weighted-average discount rates:
Operating leases	4.30	%
Finance leases	4.19	%

Schedule of Cash Flow Information Related to Lease Liabilities

Cash flow information related to lease liabilities is as follows:

(in thousands)		Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	43,624
Operating cash flows from finance leases	$	105
Financing cash flows from finance leases	$	982
Operating lease assets obtained in exchange for new operating lease liabilities	$	17,516

Summary of Future Minimum Lease Payments Under Operating Leases with Noncancelable Lease Terms

Future minimum lease payments under operating leases with noncancelable lease terms, as of December 31, 2018, are as follows:

Year	in thousands
2019	$	76,375
2020		68,026
2021		54,853
2022		41,859
2023		28,948
Thereafter		64,732
Total lease payments	$	334,793