Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Lease Cost

Balance sheet information related to operating leases is as follows:

	Classification	March 31, 2020		December 31, 2019
Assets		(In thousands)
Operating lease assets	Operating lease assets	$	69,622	$	76,548
Total operating lease assets		$	69,622	$	76,548
Liabilities
Current
Operating lease liabilities	Current portion of other long-term liabilities	18,943		$	20,345
Noncurrent
Noncurrent operating lease liabilities	Noncurrent operating lease liabilities	63,827		69,531
Total operating lease liabilities		$	82,770	$	89,876

Operating lease costs during the three months ended March 31, 2020 and 2019 were as follows:

			Three Months Ended March 31
	Classification		2020		2019
		(In thousands)
Operating lease costs	Cost of ATM operating revenues (1)		$	5,973	$	7,390
Operating lease costs	Selling, general, and administrative expenses (2)		1,299		1,783
Total operating lease cost			$	7,272	$	9,173

(1)Includes the fixed and variable cost of facilities, vehicles, and equipment that are deemed direct operating lease costs. The variable lease cost associated with these leases was not significant. In addition, includes the fixed and variable cost associated with ATM placement agreements that are deemed to contain a lease. The variable cost associated with these placements was approximately $0.6 million in the three months ended March 31, 2020.

(2)Includes the fixed and variable cost of facilities, vehicles, and equipment that are deemed general and administrative operating lease costs. The variable lease cost associated with these leases was not significant.

The following table presents the weighted-average remaining term and weighted-average discount rate associated with the Company's operating leases.

Lease Term and Discount Rate	March 31, 2020	December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	7.0	6.9
Weighted-average discount rate
Operating leases	3.39%	3.47%

	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
	(In thousands)
Additional lease information is summarized below:
Operating cash outflows resulting from payments of operating lease liabilities	$	5,006	$	5,297
New operating lease assets recognized during the period	$	524	$	1,857

Maturity of Recognized Operating Lease Liabilities

The following table presents the March 31, 2020 undiscounted cash flows associated with the Company's recognized operating lease liabilities in the next five years and thereafter.

Maturity of Recognized Operating Lease Liabilities	Operating  Lease Payments(1)
	(In thousands)
2020	$	18,749
2021	19,524
2022	12,256
2023	8,354
2024	6,548
After 2024	30,398
Total lease payments	95,829
Less: Interest (2)	(13,059)
Present value of operating lease liabilities (3)	$	82,770

(1)Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements. The Company has identified no extensions that are reasonably certain of being exercised and there are no significant lease agreements that have been signed and not yet commenced.

(2)Calculated using the estimated incremental borrowing rate for each lease.

(3)Includes current operating lease liabilities of $19.0 million and noncurrent operating lease liabilities of $63.8 million.