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Lease Commitments (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Components of Lease Expense

The components of lease expense for the year ended December 31, 2020 and 2019 are as follows (in thousands):

 

Twelve months ended

December 31,

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

Operating lease cost

$

73,841

 

 

$

72,098

 

Variable and short term lease cost (a)

 

42,218

 

 

 

35,711

 

Total lease and rental expense

$

116,059

 

 

$

107,809

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

Amortization of property under capital lease

$

1,985

 

 

$

1,877

 

Interest on debt of property under capital lease

 

1,763

 

 

 

1,876

 

Total finance lease cost

$

3,748

 

 

$

3,753

 

(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 year ended December 31, 2020 and 2019 are as follows (in thousands):

 

Twelve months ended

December 31,

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

115,270

 

 

$

107,239

 

Operating cash flows from finance leases

$

1,885

 

 

$

2,078

 

Financing cash flows from finance leases

$

2,586

 

 

$

1,959

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

Operating leases

$

69,678

 

 

$

383,857

 

Finance leases

$

37,029

 

 

0

 

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases as of December 31, 2020 and 2019 are as follows (in thousands):

 

December 31,

 

 

December 31,

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

Operating Leases

 

 

 

 

 

 

 

Right of use assets-operating leases

$

336,513

 

 

$

326,518

 

 

 

 

 

 

 

 

 

Operating lease liabilities

$

59,796

 

 

$

56,442

 

Operating lease liabilities noncurrent

 

278,303

 

 

 

270,076

 

Total operating lease liabilities

$

338,099

 

 

$

326,518

 

 

 

 

 

 

 

 

 

Finance Leases

 

 

 

 

 

 

 

Property and equipment

$

75,611

 

 

$

38,582

 

Accumulated depreciation

 

(28,595

)

 

 

(26,610

)

Property and equipment, net

$

47,016

 

 

$

11,972

 

 

 

 

 

 

 

 

 

Current maturities of long-term debt

$

2,082

 

 

$

1,650

 

Long-term debt

 

50,999

 

 

 

16,359

 

Total finance lease liabilities

$

53,081

 

 

$

18,009

 

 

 

 

 

 

 

 

 

Weighted Average remaining lease term, years

 

 

 

 

 

 

 

Operating leases

 

10.9

 

 

 

9.7

 

Finance leases

 

8.1

 

 

 

6.9

 

 

 

 

 

 

 

 

 

Weighted Average discount rate

 

 

 

 

 

 

 

Operating leases

 

4.4

%

 

 

4.7

%

Finance leases

 

9.7

%

 

 

9.8

%

Future Maturities of Lease Liabilities

Future maturities of lease liabilities as of December 31, 2020 are as follows (in thousands):

 

Operating Leases

 

 

Finance Leases

 

Year ending December 31,

 

 

 

 

 

 

 

2021

$

72,722

 

 

$

5,662

 

2022

 

62,848

 

 

 

6,020

 

2023

 

55,733

 

 

 

6,173

 

2024

 

47,824

 

 

 

6,332

 

2025

 

40,139

 

 

 

5,149

 

Later years

 

163,102

 

 

 

48,563

 

Total lease payments

 

442,368

 

 

 

77,899

 

less imputed interest

 

(104,269

)

 

 

(24,818

)

Total

$

338,099

 

 

$

53,081