LEASES

3 Months Ended

Mar. 31, 2021

LEASES

The Company's operating leases are comprised primarily of facility leases and finance leases are comprised primarily of vehicle and equipment leases.

Balance sheet information related to our leases is presented below:


	Balance Sheet location	March 31, 2021		December 31, 2020
Operating leases:
Right-of-use lease assets	Right-of-use operating lease assets	$	234,358	$	241,342
Right-of-use lease liability, current	Other current liabilities	38,373		38,296
Right-of-use lease liability, long-term	Right-of-use operating lease liability	248,758		257,424

Finance leases:
Right-of-use lease assets	Property, plant and equipment	195,354		170,155
Right-of-use lease liability, current	Current portion of long-term debt	76,123		63,454
Right-of-use lease liability, long-term	Long-term debt	103,532		96,183

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


	Three Months Ended March 31,
	2021		2020
Operating lease expense, net	$	14,307	$	15,004
Finance lease expense:
Amortization of assets	11,574		4,460
Interest on lease liabilities	2,101		1,027
Total finance lease expense	13,675		5,487
	$	27,982	$	20,491

Other information related to leases is presented below:


	As of March 31,
	2021			2020
Right-of-use assets acquired in exchange for operating lease obligations	$	2,865		$	12,875

Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows related to finance leases	2,101			1,027
Operating cash flows related to operating leases	15,457			16,659
Weighted Average Remaining Lease Term:
Operating leases	8.8 years			9.3 years
Finance leases	2.4 years			3.1 years
Weighted Average Discount Rate:
Operating leases	5.60		%	5.90		%
Finance leases	5.16		%	5.50		%

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 leases		Operating leases
2021 (excluding the three months ended March 31, 2021)	$	62,394	$	30,274
2022	78,946		52,862
2023	43,839		45,139
2024	5,231		41,448
2025	292		33,458
Thereafter	—		167,700
Total future minimum lease payments, undiscounted	190,702		370,881
Less: Imputed interest	(11,047)		(83,750)
Present value of future minimum lease payments	$	179,655	$	287,131