Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

Note 19 – Leases

The Company determines if a contract is or contains a lease at inception. The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease.

The components of lease expense were as follows:

		Three Months Ended			Six Months Ended
(in thousands)		June 30, 2019
Finance lease cost:
	Amortization of right-to-use assets (included in depreciation expense)		$	178	$	356
	Interest on lease liabilities			141		287
Operating lease cost				4,232		8,680
Short-term lease cost				121		321
Variable lease cost				371		737
	Total lease cost		$	5,043	$	10,381
					Six Months Ended
					June 30, 2019
Other information:
	Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows used for finance lease				$	303
	Operating cash flows used for operating leases				$	7,447
	Financing cash flows used for finance lease				$	566
	Right-to-use assets obtained in exchange for new operating lease liabilities				$	15,206

The lease assets and liabilities as of June 30, 2019 were as follows (in thousands):

		June 30,
		2019
Finance lease right-of-assets (included in other assets)	$	2,667
Operating lease right-of-use assets	$	83,985
Finance liability, current (included in current installments of long-term debt)	$	1,244
Finance lease liability, noncurrent (included in long-term debt)	$	4,338
Operating lease liability, current (included in other accrued liabilities)	$	11,737
Operating lease liability, noncurrent	$	73,878
Weighted average remaining lease term – finance leases	3.8 years
Weighted average remaining lease term – operating leases	10.3 years
Weighted average discount rate – finance leases		10.1%
Weighted average discount rate – operating leases		4.7%

Future annual minimum lease payments and finance lease commitments as of June 30, 2019 were as follows (in thousands):

		Operating			Finance
Year ending December 31,			Leases		Leases
	2,019 (remaining six months)	$	7,785	$	877
	2020		14,544		1,781
	2021		12,236		1,816
	2022		10,512		1,853
	2023		9,892		465
	2,024 and thereafter		55,185		—
	Total minimum lease payments	$	110,154	$	6,792
	Less: imputed interest		(24,539)		(1,210)
	Present value of lease liabilities	$	85,615	$	5,582

As of June 30, 2019, the Company’s future operating leases that have not yet commenced are immaterial.Future annual minimum lease payments and capital lease commitments in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 were as follows (in thousands):

			Operating		Capital
Year ending December 31,			Leases		Leases
	2019	$	15,272	$	1,746
	2020		14,518		1,781
	2021		12,203		1,816
	2022		10,466		1,853
	2023		9,890		465
	Thereafter		47,868		—
	Total minimum lease payments	$	110,217	$	7,661
	Less: amount representing interest				1,514
	Present value of minimum lease payments				6,147
	Less: current installments				1,168
	Capital lease obligations, less current installments			$	4,979