Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Supplemental balance sheet information related to leases

(in thousands)	June 30, 2019		December 31, 2018
Lease assets:
Operating lease right-of-use assets, net:
Computer equipment	$	68,179	na
Facilities		130,162	na
Other		198	na
Total operating lease right-of-use assets, net		198,539	na
Finance lease right-of-use assets:
Computer and other equipment		62,896	91,526
Furniture and other equipment		3,894	6,104
Total finance lease assets		66,790	97,630
Less accumulated depreciation:
Computer and other equipment		(24,605)	(47,903)
Furniture and other equipment		(3,000)	(4,859)
Total accumulated depreciation		(27,605)	(52,762)
Total finance lease right-of-use assets, net		39,185	44,868
Total lease assets	$	237,724	44,868
Lease liabilities:
Current portion of operating lease liabilities	$	43,346	na
Operating lease liabilities, excluding current portion		167,102	na
Current portion of obligations under finance leases		5,986	5,934
Obligations under finance leases, excluding current portion		28,247	31,243
Total lease liabilities	$	244,681	37,177
na = not applicable since TSYS adopted ASC 842 as of January 1, 2019

Components of lease expense

	Three months ended		Six months ended
(in thousands)	June 30, 2019		June 30, 2019
Operating lease expense:
Fixed lease expense	$	15,050	30,025
Variable lease expense		1,726	3,695
Short-term lease expense		1,715	3,084
Total operating lease expense		18,491	36,804
Finance lease expense:
Amortization of ROU assets		2,836	5,727
Interest on finance lease liabilities		375	763
Total finance lease expense		3,211	6,490
Total lease expense	$	21,702	43,294

Supplemental cash flow information

	Six months ended
(in thousands)	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	41,703
Operating cash flows from finance leases		765
Financing cash flows from finance leases		2,927

	Six months ended June 30,
(in thousands)	2019		2018
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	44,125	na
Finance leases		-	7,382
na = not applicable since TSYS adopted ASC 842 as of January 1, 2019

Schedule of weighted average remaining lease term and weighted average discount rate

	Six months ended
	June 30, 2019
Weighted-average remaining lease term (years):
Operating leases	5.29
Finance leases	5.56
Weighted-average discount rate:
Operating leases	4.21	%
Finance leases	8.49	%

Schedule of future minimum lease payments

	June 30, 2019			December 31, 2018
(in thousands)	Operating Leases		Finance Leases	Operating Leases	Finance Leases
20191	$	23,552	3,714	54,818	7,393
2020		55,056	7,381	54,738	7,319
2021		52,898	7,145	50,794	7,085
2022		44,350	7,111	42,048	7,051
2023		20,990	6,719	19,089	6,658
Thereafter		41,107	6,930	32,894	6,868
Total lease payments		237,953	39,000	254,381	42,374
Less imputed interest		(24,582)	(4,488)	na	(5,197)
Total	$	213,371	34,512	254,381	37,177
na = not applicable since TSYS adopted ASC 842 as of January 1, 2019

1 For the six months ended June 30, 2019, this row represents the remaining payments from July to December 2019.