LEASES

9 Months Ended

Sep. 30, 2021

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	September 30, 2021		December 31, 2020
Operating leases:
Right-of-use lease assets	Right-of-use operating lease assets	$	227,059	$	241,342
Right-of-use lease liability, current	Other current liabilities	35,176		38,296
Right-of-use lease liability, long-term	Right-of-use operating lease liability	244,317		257,424

Finance leases:
Right-of-use lease assets	Property, plant and equipment	251,092		170,155
Right-of-use lease liability, current	Current portion of long-term debt	99,334		63,454
Right-of-use lease liability, long-term	Long-term debt	107,754		96,183

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Operating lease expense, net	$	14,142	$	14,647	$	42,688	$	44,500
Finance lease expense:
Amortization of assets	16,404		8,898		40,716		20,318
Interest on lease liabilities	2,373		1,820		6,595		4,324
Total finance lease expense	18,777		10,718		47,311		24,642
	$	32,919	$	25,365	$	89,999	$	69,142

Other information related to leases is presented below:


	As of September 30,
	2021			2020
Right-of-use assets acquired in exchange for operating lease obligations	$	17,373		$	20,163

Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows related to finance leases	6,595			4,324
Operating cash flows related to operating leases	45,361			47,958
Weighted Average Remaining Lease Term:
Operating leases	8.6 years			9.3 years
Finance leases	2.2 years			2.8 years
Weighted Average Discount Rate:
Operating leases	5.55		%	5.80		%
Finance leases	4.77		%	5.42		%

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 nine months ended September 30, 2021)	$	26,935	$	1,195
2022	103,494		55,071
2023	68,386		48,695
2024	18,792		44,681
2025	303		35,384
Thereafter	1		172,703
Total future minimum lease payments, undiscounted	217,911		357,729
Less: Imputed interest	(10,823)		(78,236)
Present value of future minimum lease payments	$	207,088	$	279,493