Leases (Tables)

3 Months Ended

Mar. 31, 2019

The components of lease cost for the three months ended March 31, 2019 were as follows:



(in thousands)	Classification	Three Months Ended March 31, 2019
Operating lease cost (a)	Selling, general and administrative expenses	$	9,567

Finance lease cost
Amortization of ROU assets	Depreciation expense	$	1,644
Interest on lease liabilities	Interest expense	180
Total finance lease cost		$	1,824

(a) Includes short-term leases and variable lease costs, which are not material.

ROU assets and lease liabilities

The following table reflects the Company’s right-of-use assets and lease liabilities as of March 31, 2019:



(in thousands)	Classification	March 31, 2019
Assets
Operating lease right-of-use assets	Operating lease right-of-use assets	$	109,448
Finance lease right-of-use assets (a)	Property and equipment, net of accumulated depreciation	15,540
Total leased right-of-use assets		$	124,988
Liabilities
Current portion
Operating lease liabilities	Current portion of operating lease liabilities	$	23,820
Finance lease liabilities	Current portion of long-term debt and finance lease obligations	6,497
Noncurrent portion
Operating lease liabilities	Long-term portion of operating lease liabilities	91,380
Finance lease liabilities	Long-term portion of finance lease obligations	7,301
Total lease liabilities		$	128,998

(a) Finance lease right-of-use assets are presented net of accumulated amortization of $43.3 million as of March 31, 2019.

Weighted average remaining term and discount rate

The following table presents the weighted average remaining lease term and weighted average discount rate for the Company’s leases as of March 31, 2019:



	March 31, 2019
Weighted average remaining lease term (years)
Operating leases	6.3
Finance leases	3.3
Weighted average discount rate
Operating leases	6.8	%
Finance leases	4.8	%

Future minimum lease payments under non-cancellable leases

Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:



(in thousands)	Operating Leases			Finance Leases			Total
2019 (a)	$	23,676		$	5,335		$	29,011
2020	25,747			5,578			31,325
2021	23,097			2,356			25,453
2022	19,405			873			20,278
2023	16,054			660			16,714
Thereafter	34,909			—			34,909
Total lease payments	142,888			14,802			157,690
Less: Interest	(27,688		)	(1,004		)	(28,692		)
Present value of lease liabilities	$	115,200		$	13,798		$	128,998

(a) Excludes the three months ended March 31, 2019.

Cash paid for amounts included in the measurement of lease liabilities and ROU assets

Cash paid for amounts included in the measurement of lease liabilities and right-of-use assets obtained in exchange for lease obligations during the three months ended March 31, 2019 were as follows:



(in thousands)	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	7,927
Operating cash flows from finance leases	166
Financing cash flows from finance leases	1,708
Right-of-use assets obtained in exchange for lease obligations
Operating leases	5,467
Finance leases	$	—

Future minimum lease payments prior to adoption of Topic 842

Future minimum lease payments under noncancelable operating leases (with initial or remaining lease terms in excess of one year) and future minimum capital lease payments as of December 31, 2018 are as follows:



(in thousands)	Capital Leases			Operating Leases
2019	$	7,245		$	30,431
2020	5,599			24,210
2021	2,356			21,551
2022	873			17,908
2023	660			14,607
Thereafter	—			34,279
	16,733			$	142,986	(a)
Less: Amounts representing interest	(1,227		)
Total obligation under capital leases	15,506
Less: Current portion of capital lease obligation	(6,661		)
Long-term capital lease obligation	$	8,845

(a) Minimum operating lease payments have not been reduced by minimum sublease rentals of $0.1 million due in the future under noncancelable subleases.