LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Balance Sheet Information

Balance sheet information related to our leases is presented below:

		June 30,		January 1,		December 31,
	Balance Sheet location	2019		2019		2018
Operating leases:
Right-of-use lease assets	Right-of-use operating lease assets	$	289,932	$	274,292	$	—
Right-of-use lease liability, current	Other current liabilities	39,123		48,033		—
Right-of-use lease liability, long-term	Right-of-use operating lease liability	277,744		251,867		—
Finance leases:
Right-of-use lease assets	Property, plant and equipment	28,460		30,891		30,891
Right-of-use lease liability, current	Current portion of long-term debt	6,464		5,928		5,928
Right-of-use lease liability, long-term	Long-term debt	20,632		19,262		19,262

Lease Expense

The following provides details of the Company's lease expense:

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating lease expense, net	$	14,948	$	30,226
Finance lease expense:
Amortization of assets	1,630		3,192
Interest on lease liabilities	388		746
Total finance lease expense	2,018		3,938
	$	16,966	$	34,164

Other Lease Information

Other information related to leases is presented below:

	As of June 30,
	2019
Right-of-use assets acquired in exchange for operating lease obligations	$	43,441
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows from finance leases	746
Operating cash flows from operating leases	32,481
Weighted Average Remaining Lease Term:
Operating leases	9.6 years
Finance leases	4.6 years
Weighted Average Discount Rate:
Operating leases	6.06		%
Finance leases	5.86		%

Finance Lease Future Annual Payments

	As of June 30,
	2019
Right-of-use assets acquired in exchange for operating lease obligations	$	43,441
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows from finance leases	746
Operating cash flows from operating leases	32,481
Weighted Average Remaining Lease Term:
Operating leases	9.6 years
Finance leases	4.6 years
Weighted Average Discount Rate:
Operating leases	6.06		%
Finance leases	5.86		%

The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:

	Financing leases			Operating leases
2019 (excluding the six months ended June 30, 2019)	$	3,874		$	27,832
2020	7,173			50,248
2021	5,853			45,440
2022	5,824			47,024
2023	5,282			36,869
Thereafter	2,884			218,129
Total future minimum lease payments, undiscounted	30,890			425,542
Less: Imputed interest	(3,794		)	(108,675		)
Present value of future minimum lease payments	$	27,096		$	316,867

The following table presents the Company’s unadjusted lease commitments as of December 31, 2018 as a required disclosure for companies adopting the lease standard prospectively without revising comparative period information.

	Financing leases		Operating leases
2019	$	5,928	$	47,905
2020	5,087		50,356
2021	3,969		43,362
2022	4,146		34,882
2023	3,828		25,234
Thereafter	2,232		167,941

Operating Lease Lease Future Annual Payments

	As of June 30,
	2019
Right-of-use assets acquired in exchange for operating lease obligations	$	43,441
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows from finance leases	746
Operating cash flows from operating leases	32,481
Weighted Average Remaining Lease Term:
Operating leases	9.6 years
Finance leases	4.6 years
Weighted Average Discount Rate:
Operating leases	6.06		%
Finance leases	5.86		%

The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:

	Financing leases			Operating leases
2019 (excluding the six months ended June 30, 2019)	$	3,874		$	27,832
2020	7,173			50,248
2021	5,853			45,440
2022	5,824			47,024
2023	5,282			36,869
Thereafter	2,884			218,129
Total future minimum lease payments, undiscounted	30,890			425,542
Less: Imputed interest	(3,794		)	(108,675		)
Present value of future minimum lease payments	$	27,096		$	316,867

The following table presents the Company’s unadjusted lease commitments as of December 31, 2018 as a required disclosure for companies adopting the lease standard prospectively without revising comparative period information.

	Financing leases		Operating leases
2019	$	5,928	$	47,905
2020	5,087		50,356
2021	3,969		43,362
2022	4,146		34,882
2023	3,828		25,234
Thereafter	2,232		167,941