Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The Company’s total lease expense is comprised of the following:

	Year Ended December 31,
(In Thousands)	2019
Finance Lease cost:
Amortization of Right-of-Use Assets	$	1,542
Interest on Lease Liabilities	363
Total Finance Lease cost:	1,905
Operating Lease cost:
Operating Lease cost classified within Operating Expenses1	112,092
Operating Lease cost classified within Restructuring Expenses, Net	3,339
Sublease Receipts2	(3,044		)
Total Operating Lease cost:	112,387
Total Lease cost	$	114,292

¹ Includes short-term and variable lease costs, which are not significant. Short-term lease expense is defined as leases with a lease term of greater than one month, but not greater than 12 months.

² The Company has anticipated future sublease receipts from executed sublease agreements of $2.7 million in 2020, $2.4 million in 2021, $1.5 million in 2022, $1.0 million in 2023, $0.5 million in 2024 and $0.3 million thereafter through 2025.

Supplemental Cash Flow Information

Additional information regarding the Company’s leasing activities as a lessee is as follows:

	Year Ended December 31,
(In Thousands)	2019
Cash Paid for amounts included in measurement of Lease Liabilities:
Operating Cash Flows for Finance Leases	$	411
Operating Cash Flows for Operating Leases	126,361
Financing Cash Flows for Finance Leases	2,493
Total Cash paid for amounts included in measurement of Lease Liabilities	129,265
Right-of-Use Assets obtained in exchange for new Finance Lease Liabilities	—
Right-of-Use Assets obtained in exchange for new Operating Lease Liabilities	$	53,883

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases is as follows:

(In Thousands)	Balance Sheet Classification	December 31, 2019
Assets
Operating Lease Assets	Operating Lease Right-of-Use Assets	$	329,211
Finance Lease Assets	Property, Plant and Equipment, Net	768
Total Lease Assets		$	329,979
Liabilities
Operating Lease Liabilities	Operating Lease Liabilities	$	369,386
Finance Lease Liabilities	Debt	2,670
Total Lease Liabilities		$	372,056

Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term

Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s finance and operating leases:

	Weighted Average Discount Rate1		Weighted Average Remaining Lease Term (in years)
Finance Leases	5.7	%	1.5
Operating Leases	3.6	%	4.9

¹ Upon adoption of ASC 842, discount rates for existing operating leases were established as of January 1, 2019.

Finance Lease, Liability, Maturity

The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the consolidated balance sheets.

(In Thousands)	Operating Leases		Finance Leases		Total
2020	$	108,089	$	2,006	$	110,095
2021	91,376		801		92,177
2022	70,208		80		70,288
2023	48,773		—		48,773
2024	32,345		—		32,345
Thereafter	53,439		—		53,439
Total Undiscounted Cash Flows	404,230		2,887		407,117
Less: Interest	34,844		217		35,061
Present Value of Lease Liabilities	$	369,386	$	2,670	$	372,056

Operating Lease, Liability, Maturity

The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the consolidated balance sheets.

(In Thousands)	Operating Leases		Finance Leases		Total
2020	$	108,089	$	2,006	$	110,095
2021	91,376		801		92,177
2022	70,208		80		70,288
2023	48,773		—		48,773
2024	32,345		—		32,345
Thereafter	53,439		—		53,439
Total Undiscounted Cash Flows	404,230		2,887		407,117
Less: Interest	34,844		217		35,061
Present Value of Lease Liabilities	$	369,386	$	2,670	$	372,056