LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components of Lease Expense

Supplemental cash flow information related to leases is as follows (in thousands):

	Thirteen Weeks Ended
	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	23,994
Financing cash flows from finance leases	27
Operating lease assets obtained in exchange for operating lease liabilities	$	22,798

components of lease expense. Operating lease cost, finance lease amortization and finance lease interest are respectively included in Cost of sales, Selling, general and administrative expense and Interest expense, net of capitalized interest in the Condensed Consolidated Statements of Income.

	Thirteen Weeks Ended
	March 31, 2019
	(In thousands)
Operating lease cost (a)	$	25,663
Finance lease cost
Amortization of finance leases	27
Interest on finance leases	3
Short-term and variable lease cost	14,218
Net lease cost	$	39,911

(a) Sublease income is immaterial and not included in operating lease costs.

Balance Sheet Information Related to Leases

The weighted-average remaining lease term and discount rate for lease liabilities included in our Condensed Consolidated Balance Sheet are as follows:

	March 31, 2019
Weighted-average remaining lease term (years):
Operating leases	6.35
Finance leases	1.75
Weighted-average discount rate:
Operating leases	4.80%
Finance leases	8.51%

Lease liabilities as of March 31, 2019 are included in our Condensed Consolidated Balance Sheet as follows (in thousands):

	Operating Leases		Finance Leases
Accrued expenses and other current liabilities	$	78,963	$	1
Current maturities of long-term debt	—		88
Noncurrent operating lease liability, less current maturities	252,281		—
Long-term debt, less current maturities	—		64
Total lease liabilities	$	331,244	$	153

Maturities of Finance Lease Liability

Future minimum lease payments under non-cancellable leases at March 31, 2019 are as follows (in thousands):

	Operating Leases		Finance Leases
For the fiscal years ending December:
Less than one year	$	97,683	$	98
Year two	68,481		67
Year three	58,476		—
Year four	49,761		—
Year five	39,684		—
Thereafter	73,457		—
Total future minimum lease payments	387,542		165
Less: imputed interest	56,298		12
Present value of lease liabilities	$	331,244	$	153

Maturities of Operating Lease Liability

Future minimum lease payments under non-cancellable leases at March 31, 2019 are as follows (in thousands):

	Operating Leases		Finance Leases
For the fiscal years ending December:
Less than one year	$	97,683	$	98
Year two	68,481		67
Year three	58,476		—
Year four	49,761		—
Year five	39,684		—
Thereafter	73,457		—
Total future minimum lease payments	387,542		165
Less: imputed interest	56,298		12
Present value of lease liabilities	$	331,244	$	153