Leases (Tables)

9 Months Ended

Sep. 30, 2020

The following table provides details of our lease contracts for the three-month and nine-month periods ended September 30, 2020 and 2019 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Operating lease cost	$	8,085	$	7,939	$	25,298	$	25,741
Finance lease cost:
Amortization of right of use assets	126		157		433		471
Interest on lease liabilities	697		31		1,977		96
Total finance lease cost	823		188		2,410		567

Short-term lease cost	3,427		2,587		9,824		6,422
Variable lease cost	2,312		1,541		6,344		4,059


Total lease cost	$	14,647	$	12,255	$	43,876	$	36,789

Supplemental cash flow information related to our lease contracts for the nine-month periods ended September 30, 2020 and 2019 is as follows (in thousands):


	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	28,074	$	22,486
Operating cash flows from finance leases	1,156		96
Financing cash flows from finance leases	513		509
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	19,743		21,578

Supplemental Balance Sheet Information related to Leases

Supplemental balance sheet information related to our lease contracts, including the location on balance sheet, at September 30, 2020 and December 31, 2019 is as follows (in thousands, except as noted):


	September 30, 2020			December 31, 2019
Operating leases:
Other assets	$	132,777		$	133,864

Accrued expenses	18,013			23,137
Other noncurrent liabilities	116,394			114,686
Total operating lease liabilities	134,407			137,823
Finance leases:
Net property, plant and equipment	58,962			59,494

Current portion of long-term debt(a)	1,412			636
Long-term debt	58,576			58,888
Total finance lease liabilities	59,988			59,524
Weighted average remaining lease term (in years):
Operating leases	16.4			11.4
Finance leases	27.7			28.3
Weighted average discount rate (%):
Operating leases	4.06		%	3.84		%
Finance leases	4.56		%	4.56		%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of September 30, 2020 were as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2020	$	7,414	$	541
2021	19,663		2,165
2022	15,477		4,444
2023	13,708		4,444
2024	12,369		4,444
Thereafter	149,025		94,361
Total lease payments	217,656		110,399
Less imputed interest	83,249		50,411
Total	$	134,407	$	59,988

Finance Lease, Liability, Maturity

Maturities of lease liabilities as of September 30, 2020 were as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2020	$	7,414	$	541
2021	19,663		2,165
2022	15,477		4,444
2023	13,708		4,444
2024	12,369		4,444
Thereafter	149,025		94,361
Total lease payments	217,656		110,399
Less imputed interest	83,249		50,411
Total	$	134,407	$	59,988