Lease Accounting (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense for the three month period ended March 31, 2019 are as follows (in thousands):

	Three months ended March 31,
	2019
Operating lease cost	$	18,079
Variable and short term lease cost (a)		8,046
Total lease cost	$	26,125
Finance lease cost:
Amortization of right-of-use-assets	$	481
Interest on lease liabilities		484
Total finance lease cost	$	965

(a) Includes equipment, month-to-month and leases with a maturity of less than 12 months.

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the three month period ended March 31, 2019 are as follows (in thousands):

	Three months ended March 31,
	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25,884
Operating cash flows from finance leases	$	575
Financing cash flows from finance leases	$	433
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	355,981
Finance leases	0

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases as of March 31, 2019 are as follows (in thousands):

	March 31,
	2019
Operating Leases
Right of use assets-operating leases	$	342,032
Operating lease liabilities	$	56,136
Operating lease liabilities noncurrent		286,101
Total operating lease liabilities	$	342,237
Finance Leases
Property and equipment	$	23,250
Accumulated depreciation		(9,882	)
Property and equipment, net	$	13,368
Current maturities of long-term debt	$	1,737
Long-term debt		17,612
Total finance lease liabilities	$	19,349
Weighted Average remaining lease term, years
Operating leases		10.4
Finance leases		7.8
Weighted Average discount rate
Operating leases		4.7	%
Finance leases		10.5	%

Future Maturities of Lease Liabilities

Future maturities of lease liabilities are as follows (in thousands):

	Operating Leases			Finance Leases
Year ending December 31,
2019 (remaining 9 months)	$	52,447		$	2,842
2020		62,920			3,375
2021		55,817			3,257
2022		45,404			3,559
2023		41,277			3,654
Later years		183,572			12,096
Total lease payments		441,437			28,783
less imputed interest		(99,200	)		(9,434	)
Total	$	342,237		$	19,349

Future Minimum Rental Payments Under Lease Commitments

Future minimum rental payments under lease commitments with a term of more than one year as of December 31, 2018, prior to our adoption of ASU 2016-02 are as follows (amounts in thousands):

Year	Capital Leases			Operating Leases
2019	$	3,996		$	72,353
2020		3,345			59,492
2021		3,227			48,891
2022		3,508			35,233
2023		3,624			28,839
Later years		12,070			123,039
Total minimum rental	$	29,770		$	367,847
Less: Amount representing interest		(9,829	)
Present value of minimum rental commitments		19,941
Less: Current portion of capital lease obligations		(2,128	)
Long-term portion of capital lease obligations	$	17,813