LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Components of Lease Expense

The following table presents lease expense we have recorded within our consolidated statements of operations for the three months ended March 31, 2019 (in thousands):

	Three Months Ended March 31, 2019
Finance lease expense:
Amortization of finance lease asset	$	719
Interest on lease liabilities	914
Total finance lease expense	1,633
Operating lease expense (a)	9,938
Total lease expense	$	11,571

(a) Includes variable lease expense of $1.1 million and short term lease expense of $0.3 million.

The following table presents other information related to leases for the three months ended March 31, 2019 (in thousands):

	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,218
Operating cash flows from finance leases	993
Financing cash flows from finance leases	1,101
Leased assets obtained in exchange for new lease liabilities	4,127

Maturity of Operating Leases

The following table summarizes our outstanding operating and finance lease obligations as of March 31, 2019 (in thousands):

	Operating Leases			Finance Leases			Total
2019	$	25,059		$	6,068		$	31,127
2020	31,392			7,938			39,330
2021	29,368			7,908			37,276
2022	26,572			7,166			33,738
2023	25,147			7,138			32,285
Thereafter	162,163			21,218			183,381
Total undiscounted obligations	299,701			57,436			357,137
Less imputed interest	(82,952		)	(16,293		)	(99,245		)
Present value of lease obligations	$	216,749		$	41,143		$	257,892

Maturity of Finance Leases

The following table summarizes our outstanding operating and finance lease obligations as of March 31, 2019 (in thousands):

	Operating Leases			Finance Leases			Total
2019	$	25,059		$	6,068		$	31,127
2020	31,392			7,938			39,330
2021	29,368			7,908			37,276
2022	26,572			7,166			33,738
2023	25,147			7,138			32,285
Thereafter	162,163			21,218			183,381
Total undiscounted obligations	299,701			57,436			357,137
Less imputed interest	(82,952		)	(16,293		)	(99,245		)
Present value of lease obligations	$	216,749		$	41,143		$	257,892

Future minimum payments under operating leases

Future minimum payments under operating leases as of December 31, 2018 were as follows (in thousands):

2019	$	32,108
2020	31,287
2021	29,547
2022	26,702
2023	24,325
2024 and thereafter	157,816
Total	$	301,785

Supplemental Balance Sheet Information

The following table summarizes supplemental balance sheet information related to leases as of March 31, 2019 (in thousands, except years):

	Operating Leases			Finance Leases
Lease assets, non-current	$	193,792		$	16,151		(a)
Lease liabilities, current	$	22,779		$	4,478
Lease liabilities, non-current	193,970			36,665
Total lease liabilities	$	216,749		$	41,143
Weighted average remaining term (in years)	10.94			7.74
Weighted average discount rate	5.6		%	9.0		%

(a) Finance lease assets are reflected in property and equipment, net.