Leases

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Leases

LEASES

Supplemental information about our operating leases follows:

(in thousands)		Sep 30, 2019		Jan 1, 2019
Assets:
	Right-of-use operating lease assets	$	171,952	$	184,648
Liabilities:
Operating	Current operating	$	19,626	$	20,318
Operating	Noncurrent operating	162,881		170,190
Lease liabilities		$	182,507	$	190,508

		Sep 30, 2019		Jan 1, 2019
Lease Term and Discount Rate:
Weighted-average remaining lease terms (years)	Weighted-average remaining lease term (years)	10.0		11.0
Weighted-average discount rate	Weighted-average discount rate	5.7	%	7.1	%

Operating lease cost reflects the lease expense resulting from amortization over the respective lease terms of our operating leases with initial lease terms greater than 12 months. Our short-term lease cost consists of expense for our operating leases with initial lease terms of 12 months or less that are not recorded on our balance sheet. The components of lease cost are as follows:

		Three Months Ended		Nine Months Ended
(in thousands)		Sep 30, 2019		Sep 30, 2019
Lease Cost:
Operating lease cost	Operating lease cost	$	6,396	$	24,730
Short-term lease cost	Short-term lease cost	17,122		60,051
Total Lease Cost		$	23,518	$	84,781

Future maturities of lease liabilities under all of our operating leases are as follows:

(in thousands)
For the 12 months ended September 30,
2020	$	29,900
2021	28,203
2022	27,059
2023	22,301
2024	19,989
Thereafter	123,420
Total lease payments	250,872
Less: Interest	(68,365		)
Present Value of Lease Liabilities	$	182,507

Leases

LEASES

Supplemental information about our operating leases follows:

(in thousands)		Sep 30, 2019		Jan 1, 2019
Assets:
	Right-of-use operating lease assets	$	171,952	$	184,648
Liabilities:
Operating	Current operating	$	19,626	$	20,318
Operating	Noncurrent operating	162,881		170,190
Lease liabilities		$	182,507	$	190,508

		Sep 30, 2019		Jan 1, 2019
Lease Term and Discount Rate:
Weighted-average remaining lease terms (years)	Weighted-average remaining lease term (years)	10.0		11.0
Weighted-average discount rate	Weighted-average discount rate	5.7	%	7.1	%

Operating lease cost reflects the lease expense resulting from amortization over the respective lease terms of our operating leases with initial lease terms greater than 12 months. Our short-term lease cost consists of expense for our operating leases with initial lease terms of 12 months or less that are not recorded on our balance sheet. The components of lease cost are as follows:

		Three Months Ended		Nine Months Ended
(in thousands)		Sep 30, 2019		Sep 30, 2019
Lease Cost:
Operating lease cost	Operating lease cost	$	6,396	$	24,730
Short-term lease cost	Short-term lease cost	17,122		60,051
Total Lease Cost		$	23,518	$	84,781

Future maturities of lease liabilities under all of our operating leases are as follows:

(in thousands)
For the 12 months ended September 30,
2020	$	29,900
2021	28,203
2022	27,059
2023	22,301
2024	19,989
Thereafter	123,420
Total lease payments	250,872
Less: Interest	(68,365		)
Present Value of Lease Liabilities	$	182,507