Leases

9 Months Ended

Sep. 30, 2019

The Company has operating leases for corporate and field offices, and certain equipment. The Company’s leases have remaining lease terms of 1 year to 10 years, some of which include options to extend the leases for up to 7 years, and some of which include options to terminate the leases within 1 year. Operating lease expenses for the three and nine months ended September 30, 2019, were $19.7 million and $57.3 million, respectively.

Supplemental cash flow information related to leases consisted of the following (in thousands):



	Nine Months Ended September 30, 2019
Cash paid for operating lease liabilities	$	57,912
Right-of-use assets obtained in exchange for new operating lease liabilities	$	25,137

Supplemental balance sheet information related to leases consisted of the following:



	September 30, 2019
Weighted average remaining lease term for operating leases	4.9 years
Weighted average discount rate for operating leases	3.0	%

Future minimum lease payments under non-cancellable leases as of September 30, 2019, were as follows (in thousands):



2019 (excluding the nine months ended September 30, 2019)	$	19,016
2020	75,360
2021	59,295
2022	45,318
2023	37,300
Thereafter	55,740
Less: Imputed interest	(20,412		)
Present value of operating lease liabilities (a)	$	271,617

(a) Includes current portion of $70.9 million for operating leases.

As of September 30, 2019, the Company had additional future minimum lease obligations totaling $21.2 million under operating leases that had not yet commenced. These operating leases include agreements for corporate and field office facilities with lease terms of 1 to 8 years.