Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following table provides information on the amounts (in thousands, except lease term and discount rates) of our leased assets and liabilities as of March 31, 2019 and their placement within our condensed consolidated balance sheets:



Lease type	Balance Sheet Location	March 31, 2019
Assets
Finance	Property, plant, and equipment	$	10,649
Finance	Accumulated amortization	(2,919		)
Finance	Property and equipment, net	$	7,730
Operating	Operating lease assets	405,942
Total leased assets		$	413,672

Liabilities
Current
Finance	Other accrued liabilities	$	2,056
Operating	Operating lease liabilities	64,868
Long-term
Finance	Finance lease liabilities	6,366
Operating	Operating lease liabilities	344,620
Total lease liabilities		$	417,910

Weighted-average remaining lease term (in years)
Finance		6.37
Operating		11.39
Weighted-average discount rate
Finance		6.60		%
Operating		7.88		%

Lease, Cost

The following table summarizes the lease costs recognized on our condensed consolidated statements of operations (in thousands):



Lease cost type	Three Months Ended March 31, 2019
Finance lease cost
Amortization of finance lease assets	$	499
Interest on lease liabilities	156
Operating lease cost	23,412
Variable lease cost	1,630
Short-term lease cost	253
Net lease cost	$	25,950

The following table summarizes the supplemental cash flow information related to leases as follows (in thousands):



Lease type	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of liabilities
Financing cash flows from finance leases	$	342
Operating cash flows from finance leases	156
Operating cash flows from operating leases	21,045
Non-cash supplemental amounts
ROU assets obtained in exchange for new operating lease obligations	14,130

Lessee, Operating Lease, Liability, Maturity

The table below includes the estimated future undiscounted cash flows for finance and operating leases as of March 31, 2019 (in thousands):



For the year ending December 31,	Finance leases			Operating leases			Total
2019 (1)	$	2,035		$	72,302		$	74,337
2020	2,151			79,713			81,864
2021	1,444			51,584			53,028
2022	1,238			49,454			50,692
2023	1,156			48,396			49,552
2024	751			40,211			40,962
Thereafter	1,098			198,494			199,592
Total lease payments	9,873			540,154			550,027
Less amount representing interest	(1,451		)	(130,666		)	(132,117		)
Present value of lease liabilities	$	8,422		$	409,488		$	417,910

_________________________________________________________


(1)	Represents period from April 1, 2019 to December 31, 2019.

Finance Lease, Liability, Maturity

The table below includes the estimated future undiscounted cash flows for finance and operating leases as of March 31, 2019 (in thousands):



For the year ending December 31,	Finance leases			Operating leases			Total
2019 (1)	$	2,035		$	72,302		$	74,337
2020	2,151			79,713			81,864
2021	1,444			51,584			53,028
2022	1,238			49,454			50,692
2023	1,156			48,396			49,552
2024	751			40,211			40,962
Thereafter	1,098			198,494			199,592
Total lease payments	9,873			540,154			550,027
Less amount representing interest	(1,451		)	(130,666		)	(132,117		)
Present value of lease liabilities	$	8,422		$	409,488		$	417,910

_________________________________________________________


(1)	Represents period from April 1, 2019 to December 31, 2019.

Schedule of Future Minimum Lease Payments for Capital Leases

At December 31, 2018, the estimated minimum lease payments for capital and operating leases with initial or remaining non-cancelable lease terms in excess of one year were as follows (in thousands):



	Capital leases		Operating leases
2019	$	2,723	$	62,589
2020	2,264		62,132
2021	1,757		39,821
2022	1,512		38,402
2023	1,148		38,827
Thereafter	2,600		191,717
Total minimum rental payments	$	12,004	$	433,488
Less amount representing interest	1,865
Present value of minimum rental payments	$	10,139

Schedule of Future Minimum Rental Payments for Operating Leases

At December 31, 2018, the estimated minimum lease payments for capital and operating leases with initial or remaining non-cancelable lease terms in excess of one year were as follows (in thousands):



	Capital leases		Operating leases
2019	$	2,723	$	62,589
2020	2,264		62,132
2021	1,757		39,821
2022	1,512		38,402
2023	1,148		38,827
Thereafter	2,600		191,717
Total minimum rental payments	$	12,004	$	433,488
Less amount representing interest	1,865
Present value of minimum rental payments	$	10,139