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Leases (Tables)

12 Months Ended

Dec. 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:

	December 31, 2019
(In thousands)
Right-of-use assets:
Operating	$	41,518
Finance		1,680
Total leased assets	$	43,198

Lease liabilities:
Current
Operating	$	13,131
Finance		624
Non-current
Operating	$	30,321
Finance		1,080
Total lease liabilities	$	45,156

Schedule of Components of Lease Expense

The following table shows the components of lease expense:

	Year Ended December 31,
(In thousands)	2019
Finance lease cost:
Amortization of leased assets	$	298
Interest of lease liabilities		51
Operating lease cost		14,217
Short-term lease cost		428
Total lease cost before subleases	$	14,994
Sublease income		(5,479	)
Total lease cost, net	$	9,515

Schedule of Weighted Average Remaining Term and Discount Rates

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

Weighted Average Remaining Lease Term (years)
Operating leases	3.3
Finance leases	2.6

Weighted Average Discount Rate
Operating leases	5.5	%
Finance leases	5.8	%

Schedule of Maturities of Lease Liabilities

As of December 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
2020	$	15,169		$	(5,767	)	$	9,402	$	708
2021		14,731			(5,699	)		9,032		708
2022		12,738			(5,732	)		7,006		421
2023		3,372			(957	)		2,415		—
2024		1,435			—			1,435		—
2025 and thereafter		29			—			29		—
Total lease payments		47,474		$	(18,155	)	$	29,319		1,837
Less: interest		(4,022	)							(133	)
Present value of lease liabilities	$	43,452							$	1,704

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Year Ended December 31,
(In thousands)	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow attributable to operating leases	$	(9,978	)
Operating cash flow attributable to finance leases		(51	)
Financing cash flow attributable to finance leases		(274	)

Supplemental noncash information:
Right-of-use assets obtained in exchange for operating lease liabilities ⁽¹⁾		53,683
Right-of-use assets obtained in exchange for finance lease liabilities ⁽²⁾		1,978

(1)

No new operating leases were entered into during the year ended December 31, 2019. Amount shown is due to the adoption of ASC 842 and one lease modification that resulted in a noncash remeasurement of the related right-of-use asset and operating lease liability. Amount shown reflects balance as of January 1, 2019 for the Healthcare segment (adjusted for lease modification) and as of March 8, 2019 for the Nutrition segment (i.e., the date of our acquisition of Nutrisystem).

(2)

Amount shown is due to the adoption of ASC 842 and one new finance lease for $1.8 million entered into during the year ended December 31, 2019. In addition to such lease, amount shown reflects balance as of January 1, 2019 for the Healthcare segment. The Nutrition segment does not maintain any finance leases.

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