LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

Supplemental cash flow information related to leases was as follows:

	Three months ended		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	$	24,267	$	47,187
Operating cash flows from financing leases	106		229
Financing cash flows from financing leases	1,414		2,936
Right-of-use & Equipment assets obtained in exchange for lease obligations:
Operating leases(1)	33,933		446,628
Financing leases	—		14,056

⁽¹⁾ Amounts for the six months ended June 30, 2019 include the transition adjustment for the adoption of Topic 842 discussed in Note 2, Significant Accounting Policies for further information.

The components of lease expense were as follows:

	Three months ended		Six months ended
(In thousands)	June 30, 2019
Operating lease cost	$	24,280	$	47,072
Finance lease cost:
Depreciation of leased equipment	$	785	$	1,567
Interest on lease liabilities	106		229
Total finance lease cost	$	891	$	1,796

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

(In thousands, except lease term and discount rates)
	June 30, 2019
Operating Leases
Operating lease right-of-use assets	$	432,557
Current portion of operating lease liability	$	65,461
Operating lease liabilities	404,463
Total operating lease liabilities	$	469,924
Finance Leases
Property and Equipment, at cost	$	14,056
Accumulated depreciation	(1,567		)
Equipment, net	$	12,489
Current portion of finance lease	$	4,334
Finance lease liabilities	4,851
Total finance lease liabilities	$	9,185
Weighted Average Remaining Lease Term
Operating leases - years	8.6
Finance leases - years	3.4
Weighted Average Discount Rate
Operating leases	6.4		%
Finance leases	4.4		%

Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows:

(In thousands)
	Operating			Financing
Year Ending December 31,	Leases			Leases
2019 (excluding the six months ended June 30, 2019)	$	47,558		$	2,854
2020	89,784			3,481
2021	83,656			2,614
2022	73,751			692
2023	62,634			—
Thereafter	265,997			—
Total Lease Payments	623,380			9,641
Less imputed interest	(153,456		)	(456		)
Total	$	469,924		$	9,185

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, maturities of operating lease liabilities were as follows as of December 31, 2018 (in thousands):

	Facilities		Equipment		Total
2019	$	75,588	$	14,924	$	90,512
2020	66,116		14,385		80,501
2021	57,826		12,966		70,792
2022	48,542		10,264		58,806
2023	38,800		7,095		45,895
Thereafter	160,327		5,144		165,471
	$	447,199	$	64,778	$	511,977

Maturities of Financing Lease Liabilities

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, maturities of operating lease liabilities were as follows as of December 31, 2018 (in thousands):

	Facilities		Equipment		Total
2019	$	75,588	$	14,924	$	90,512
2020	66,116		14,385		80,501
2021	57,826		12,966		70,792
2022	48,542		10,264		58,806
2023	38,800		7,095		45,895
Thereafter	160,327		5,144		165,471
	$	447,199	$	64,778	$	511,977

Maturities of lease liabilities were as follows:

(In thousands)
	Operating			Financing
Year Ending December 31,	Leases			Leases
2019 (excluding the six months ended June 30, 2019)	$	47,558		$	2,854
2020	89,784			3,481
2021	83,656			2,614
2022	73,751			692
2023	62,634			—
Thereafter	265,997			—
Total Lease Payments	623,380			9,641
Less imputed interest	(153,456		)	(456		)
Total	$	469,924		$	9,185