Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Lease Cost

Balance sheet information related to operating leases is as follows:

	Classification	September 30, 2020		December 31, 2019
Assets		(In thousands)
Operating lease assets	Operating lease assets	$	62,418	$	76,548
Total operating lease assets		$	62,418	$	76,548
Liabilities
Current
Operating lease liabilities	Current portion of other long-term liabilities	$	18,374	$	20,345
Noncurrent
Noncurrent operating lease liabilities	Noncurrent operating lease liabilities	58,782		69,531
Total operating lease liabilities		$	77,156	$	89,876

Operating lease costs during the three and nine months ended September 30, 2020 and 2019 were as follows:

			Three Months Ended		Nine Months Ended
	Classification		September 30, 2020		September 30, 2020
		(In thousands)
Operating lease costs	Cost of ATM operating revenues (1)		$	6,247	$	17,353
Operating lease costs	Selling, general, and administrative expenses (2)		1,228		3,775
Total operating lease cost			$	7,475	$	21,128

(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 were approximately $0.6 million and $1.8 million in the three and nine months ended September 30, 2020, respectively.

(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.

			Three Months Ended		Nine Months Ended
	Classification		September 30, 2019		September 30, 2019
		(In thousands)
Operating lease costs	Cost of ATM operating revenues (1)		$	7,197	$	21,473
Operating lease costs	Selling, general, and administrative expenses (2)		1,361		4,275
Total operating lease cost			$	8,558	$	25,748

(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 were approximately $0.7 million and $2.9 million in the three and nine months ended September 30, 2019, respectively.

(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	September 30, 2020	December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	7.3	6.9
Weighted-average discount rate
Operating leases	3.70%	3.47%

Additional lease information is summarized below:

	Nine Months Ended September 30, 2020		Nine Months Ended September 30, 2019
	(In thousands)
Operating cash outflows resulting from payments of operating lease liabilities	$	14,344	$	15,237
New operating lease assets recognized during the period	7,520		12,929

Maturity of Recognized Operating Lease Liabilities

The following table presents the undiscounted cash flows associated with the Company's recognized operating lease liabilities in the next five years and thereafter as of September 30, 2020.

Maturity of Recognized Operating Lease Liabilities	Operating  Lease Payments(1)
	(In thousands)
Remainder of 2020	$	7,507
2021	19,825
2022	12,687
2023	9,911
2024	8,156
After 2024	32,599
Total lease payments	90,685
Less: Interest (2)	(13,529)
Present value of operating lease liabilities (3)	$	77,156

(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 $18.4 million and noncurrent operating lease liabilities of $58.8 million.