Leases (Tables)

12 Months Ended

Dec. 31, 2020

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


Lease type	Balance Sheet Location	December 31, 2020			December 31, 2019
Assets

Finance	Property, plant, and equipment	$	14,998		$	11,552
Finance	Accumulated amortization	(6,486)			(4,447)
Finance	Property, plant, and equipment, net	$	8,512		$	7,105
Operating	Operating lease right-of-use assets	357,166			420,073
Total right-of-use assets		$	365,678		$	427,178

Liabilities
Current
Finance	Other accrued liabilities	$	1,491		$	1,784
Operating	Operating lease liabilities	56,965			79,999
Long-term
Finance	Finance lease liabilities	7,925			6,227
Operating	Operating lease liabilities	304,355			340,909
Total lease liabilities		$	370,736		$	428,919

Weighted-average remaining lease term (in years)
Finance		6.97			5.69
Operating		10.52			10.26
Weighted-average discount rate
Finance		7.93		%	6.68		%
Operating		7.59		%	7.88		%

Lease, Cost

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


	Year Ended December 31,
Lease cost type		2020		2019
Finance lease cost
Amortization of finance lease ROU assets		$	2,007	$	1,896
Interest on lease liabilities		654		521
Operating lease cost		106,256		100,384
Variable lease cost		9,802		11,663
Short-term lease cost		1,926		1,874
Net lease cost		$	120,645	$	116,338

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


	Year Ended December 31,
Lease type	2020		2019
Cash paid for amounts included in the measurement of liabilities
Financing cash flows from finance leases	$	1,932	$	2,167
Operating cash flows from finance leases	656		507
Operating cash flows from operating leases	103,270		99,713
Non-cash supplemental amounts
ROU assets obtained in exchange for new finance lease liabilities	3,476		963
ROU assets obtained in exchange for new operating lease liabilities	22,529		79,382
ROU assets terminated in exchange for release from finance lease liabilities	—		—
ROU assets terminated in exchange for release from operating lease liabilities	7,738		193

Operating Lease, Liability, Maturity

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


For the year ending December 31,	Finance leases		Operating leases		Total

2021	$	2,143	$	82,212	$	84,355
2022	1,942		68,605		70,547
2023	1,935		54,607		56,542
2024	1,624		44,812		46,436
2025	1,383		43,254		44,637
Thereafter	3,457		201,966		205,423
Total lease payments	12,484		495,456		507,940
Less amount representing interest	(3,068)		(134,136)		(137,204)
Present value of lease liabilities	$	9,416	$	361,320	$	370,736

Finance Lease, Liability, Maturity

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


For the year ending December 31,	Finance leases		Operating leases		Total

2021	$	2,143	$	82,212	$	84,355
2022	1,942		68,605		70,547
2023	1,935		54,607		56,542
2024	1,624		44,812		46,436
2025	1,383		43,254		44,637
Thereafter	3,457		201,966		205,423
Total lease payments	12,484		495,456		507,940
Less amount representing interest	(3,068)		(134,136)		(137,204)
Present value of lease liabilities	$	9,416	$	361,320	$	370,736