Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Lease Position

The table below presents the lease-related assets and liabilities recorded on the condensed consolidated balance sheet (in thousands, except for remaining lease terms and percentages):

	September 30, 2020			December 31, 2019
Operating Leases
Assets
Operating lease right-of-use assets	$	283,990		$	441,258
Liabilities
Operating lease liabilities, current	$	48,979		$	94,199
Operating lease liabilities, non-current	278,773			382,077
Total operating lease liabilities	$	327,752		$	476,276
Finance Leases
Assets
Finance lease right-of-use assets(1)	$	36,524		$	—
Liabilities
Finance lease liabilities, current(2)	27,401			—
Finance lease liabilities, non-current(3)	10,716			—
Total finance lease liabilities	$	38,117		$	—
Weighted-average remaining lease term (years)
Operating leases	6.4			5.6
Finance leases	1.5			—
Weighted-average discount rate
Operating leases	6.4		%	6.6		%
Finance leases	4.6		%	—		%

_______________

(1)This balance is included within property and equipment, net on the condensed consolidated balance sheets and was primarily related to leases acquired in the Flexdrive transaction. Refer to Note 3 "Acquisition" to the condensed consolidated financial statements for information regarding this transaction.

(2)This balance is included within other current liabilities on the condensed consolidated balance sheets and was primarily related to leases acquired in the Flexdrive transaction. Refer to Note 3 "Acquisition" to the condensed consolidated financial statements for information regarding this transaction.

(3)This balance is included within other liabilities on the condensed consolidated balance sheets and was primarily related to leases acquired in the Flexdrive transaction. Refer to Note 3 "Acquisition" to the condensed consolidated financial statements for information regarding this transaction.

Schedule of Lease Costs and Supplemental Cash Flow Information

The table below presents certain information related to the lease costs recorded on the condensed consolidated statements of operations (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating Leases
Operating lease cost	$	17,506	$	29,848	$	61,763	$	78,662
Finance Leases
Amortization of right-of-use assets	11,386		—		27,747		—
Interest on lease liabilities	620		—		1,600		—
Other Lease Costs
Short-term lease cost	1,001		2,527		3,326		6,459
Variable lease cost (1)	3,899		5,286		10,943		11,582
Total lease cost	$	34,412	$	37,661	$	105,379	$	96,703

_______________

(1)Consists primarily of common area maintenance, taxes and utilities for real estate leases, and certain vehicle-related charges under the Flexdrive program.

The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the condensed consolidated statements of cash flows (in thousands):

	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	48,188	$	71,822
Operating cash flows from finance leases	1,600		—
Financing cash flows from finance leases	29,042		—

Schedule of Operating Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating and finance lease liabilities recorded on the condensed consolidated balance sheet as of September 30, 2020 (in thousands):

	Operating Leases		Finance Leases		Total Leases
Remainder of 2020	$	13,648	$	9,624	$	23,272
2021	78,376		22,807		101,183
2022	72,454		4,532		76,986
2023	55,676		1,322		56,998
2024	51,013		1,145		52,158
Thereafter	137,021		—		137,021
Total minimum lease payments	$	408,188	$	39,430	$	447,618
Less: amount of lease payments representing interest	(80,436)		(1,313)		(81,749)
Present value of future minimum lease payments	$	327,752	$	38,117	$	365,869
Less: current obligations under leases	(48,979)		(27,401)		(76,380)
Long-term lease obligations	$	278,773	$	10,716	$	289,489

Schedule of Finance Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating and finance lease liabilities recorded on the condensed consolidated balance sheet as of September 30, 2020 (in thousands):

	Operating Leases		Finance Leases		Total Leases
Remainder of 2020	$	13,648	$	9,624	$	23,272
2021	78,376		22,807		101,183
2022	72,454		4,532		76,986
2023	55,676		1,322		56,998
2024	51,013		1,145		52,158
Thereafter	137,021		—		137,021
Total minimum lease payments	$	408,188	$	39,430	$	447,618
Less: amount of lease payments representing interest	(80,436)		(1,313)		(81,749)
Present value of future minimum lease payments	$	327,752	$	38,117	$	365,869
Less: current obligations under leases	(48,979)		(27,401)		(76,380)
Long-term lease obligations	$	278,773	$	10,716	$	289,489