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Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Right-of-Use Assets and Lease Liabilities

The following table shows the right-of-use assets and lease liabilities recorded on the balance sheet:

	March 31, 2019
(In thousands)
Right-of-use assets:
Operating	$	46,578
Finance		169
Total leased assets	$	46,747

Lease liabilities:
Current
Operating	$	14,762
Finance		46
Non-current
Operating	$	35,043
Finance		123
Total lease liabilities	$	49,974

Schedule of Components of Lease Expense

The following table shows the components of lease expense:

	Three Months Ended March 31,
(In thousands)	2019
Finance lease cost:
Amortization of leased assets	$	12
Interest of lease liabilities		2
Operating lease cost		2,716
Short-term lease cost		33
Total lease cost before subleases	$	2,763
Sublease income		(1,344	)
Total lease cost, net	$	1,419

Schedule of Weighted Average Remaining Term and Discount Rates

The following provides information related to the lease term and discount rate as of March 31, 2019:

Weighted Average Remaining Lease Term (years)
Operating leases	3.6
Finance leases	3.3

Weighted Average Discount Rate
Operating leases	5.4	%
Finance leases	4.4	%

Schedule of Maturities of Lease Liabilities

As of March 31, 2019, maturities of lease liabilities for each of the next five years and thereafter were as follows.

	Operating Leases								Financing
(In thousands)	Lease Payments			Sublease Receipts			Net		Leases
Remaining 2019	$	12,896		$	(4,233	)	$	8,663	$	39
2020		14,828			(5,667	)		9,161		52
2021		13,361			(5,699	)		7,662		52
2022		11,339			(5,732	)		5,607		39
2023		1,947			(956	)		991		—
2024 and thereafter		379			—			379		—
Total lease payments		54,750		$	(22,287	)	$	32,463		182
Less: interest		(4,945	)							(13	)
Present value of lease liabilities	$	49,805							$	169

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Three Months Ended March 31,
(In thousands)	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow attributable to operating leases	$	(1,547	)
Operating cash flow attributable to finance leases		(2	)
Financing cash flows attributable to finance leases		(11	)

Supplemental noncash information:
Right-of-use assets obtained in exchange for operating lease liabilities ⁽¹⁾		48,972
Right-of-use assets obtained in exchange for finance lease liabilities ⁽¹⁾		181

(1) No new leases were entered into during the three months ended March 31, 2019. Amounts shown are due to the adoption of ASC 842 and reflect balances as of January 1, 2019 for the Healthcare segment and as of March 8, 2019 for the Nutrition segment (i.e., the date of our acquisition of Nutrisystem).

Summary of Future Minimum Lease Payments Under All Non-cancelable Operating Leases

As of December 31, 2018, future minimum lease payments, net of total cash receipts from subleases of $23.7 million, under all non-cancelable operating leases for each of the next five years and thereafter were as follows. As of December 31, 2018, future minimum lease payments under capital leases were not material.

(In thousands)	Operating
Year ending December 31,	Leases
2019	$	4,022
2020		2,040
2021		910
2022		827
2023		136
2024 and thereafter		—
Total minimum lease payments	$	7,935