Leases (Tables)

3 Months Ended

Mar. 31, 2020

The following table provides information on the amounts (in thousands, except lease term and discount rates) of our right-of-use assets (“ROU assets”) and liabilities as of March 31, 2020 and December 31, 2019 and their placement within our condensed consolidated balance sheets:



Lease type	Balance Sheet Location	March 31, 2020			December 31, 2019
Assets
Finance	Property, plant, and equipment	$	13,142		$	11,552
Finance	Accumulated amortization	(4,927		)	(4,447		)
Finance	Property, plant, and equipment, net	$	8,215		$	7,105
Operating	Operating lease right-of-use assets	396,013			420,073
Total right-of-use assets		$	404,228		$	427,178

Liabilities
Current
Finance	Other accrued liabilities	$	1,844		$	1,784
Operating	Operating lease liabilities	67,508			79,999
Long-term
Finance	Finance lease liabilities	7,251			6,227
Operating	Operating lease liabilities	331,926			340,909
Total lease liabilities		$	408,529		$	428,919

Weighted-average remaining lease term (in years)
Finance		5.93			5.69
Operating		10.54			10.26
Weighted-average discount rate
Finance		7.48		%	6.68		%
Operating		7.79		%	7.88		%

Lease, Cost

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



	Three Months Ended March 31,
Lease cost type	2020		2019
Finance lease cost
Amortization of finance lease ROU assets	$	480	$	499
Interest on lease liabilities	167		156
Operating lease cost	26,970		23,412
Variable lease cost	2,695		1,630
Short-term lease cost	199		253
Net lease cost	$	30,511	$	25,950

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



	Three Months Ended March 31,
Lease type	2020		2019
Cash paid for amounts included in the measurement of liabilities
Financing cash flows from finance leases	$	388	$	342
Operating cash flows from finance leases	162		156
Operating cash flows from operating leases	24,986		21,045
Non-cash supplemental amounts
ROU assets obtained in exchange for new finance lease liabilities	1,590		—
ROU assets obtained in exchange for new operating lease liabilities	2,996		14,130
ROU assets terminated in exchange for release from operating lease liabilities	7,738		—

Lessee, Operating Lease, Liability, Maturity

The table below includes the estimated future undiscounted cash flows for finance and operating leases as of March 31, 2020 (in thousands):



For the year ending December 31,	Finance leases			Operating leases			Total
2020 (1)	$	1,874		$	78,778		$	80,652
2021	1,894			68,275			70,169
2022	1,682			67,176			68,858
2023	1,678			53,401			55,079
2024	1,379			43,665			45,044
2025	1,164			42,345			43,509
Thereafter	1,658			200,221			201,879
Total lease payments	11,329			553,861			565,190
Less amount representing interest	(2,234		)	(154,427		)	(156,661		)
Present value of lease liabilities	$	9,095		$	399,434		$	408,529

_________________________________________________________

(1)

Represents period from April 1, 2020 to December 31, 2020.

Finance Lease, Liability, Maturity

The table below includes the estimated future undiscounted cash flows for finance and operating leases as of March 31, 2020 (in thousands):



For the year ending December 31,	Finance leases			Operating leases			Total
2020 (1)	$	1,874		$	78,778		$	80,652
2021	1,894			68,275			70,169
2022	1,682			67,176			68,858
2023	1,678			53,401			55,079
2024	1,379			43,665			45,044
2025	1,164			42,345			43,509
Thereafter	1,658			200,221			201,879
Total lease payments	11,329			553,861			565,190
Less amount representing interest	(2,234		)	(154,427		)	(156,661		)
Present value of lease liabilities	$	9,095		$	399,434		$	408,529

_________________________________________________________

(1)

Represents period from April 1, 2020 to December 31, 2020.