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LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lessee, Topic 842, Other Lease Information
Other information related to leases is presented below:
As of
December 31, 2019
Right-of-use assets acquired in exchange for operating lease obligations$61,244  
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows from finance leases2,106  
Operating cash flows from operating leases65,352  
Weighted Average Remaining Lease Term:
Operating leases9.4 years
Finance leases3.4 years
Weighted Average Discount Rate:
Operating leases5.96 %
Finance leases5.49 %
Finance Lease, Liability, Maturity
The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
Finance leasesOperating leases
2020$25,500  $48,899  
202122,516  47,894  
202218,271  48,509  
20235,788  38,500  
20243,343  34,055  
Thereafter283  193,018  
Total future minimum lease payments, undiscounted75,701  410,875  
Less: Imputed interest(6,281) (102,977) 
Present value of future minimum lease payments$69,420  $307,898  
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.
Finance leasesOperating leases
2020$5,087  $50,356  
20213,969  43,362  
20224,146  34,882  
20233,828  25,234  
Thereafter2,232  167,941  
Lessee, Operating Lease, Liability, Maturity
The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:
Finance leasesOperating leases
2020$25,500  $48,899  
202122,516  47,894  
202218,271  48,509  
20235,788  38,500  
20243,343  34,055  
Thereafter283  193,018  
Total future minimum lease payments, undiscounted75,701  410,875  
Less: Imputed interest(6,281) (102,977) 
Present value of future minimum lease payments$69,420  $307,898  
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.
Finance leasesOperating leases
2020$5,087  $50,356  
20213,969  43,362  
20224,146  34,882  
20233,828  25,234  
Thereafter2,232  167,941  
Lease, Cost
The following provides details of the Company's lease expense:
Year Ended
December 31, 2019
Operating lease expense, net$60,364  
Finance lease expense:
Amortization of assets9,347  
Interest on lease liabilities2,106
Total finance lease expense11,453
$71,817  
Lesee, Operating Lease And Finance Lease, Liability
Balance sheet information related to our leases is presented below:
Balance Sheet locationDecember 31, 2019January 1, 2019December 31, 2018
Operating leases:
Right-of-use lease assetsRight-of-use operating lease assets$280,340  $274,292  $—  
Right-of-use lease liability, currentOther current liabilities38,836  48,033  —  
Right-of-use lease liability, long-termRight-of-use operating lease liability269,062  251,867  —  
Finance leases:
Right-of-use lease assetsProperty, plant and equipment70,339  30,891  30,891  
Right-of-use lease liability, currentCurrent portion of long-term debt22,017  5,928  5,928  
Right-of-use lease liability, long-termLong-term debt47,403  19,262  19,262