Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Balance sheet locations and values of the Company's lease assets and lease liabilities

The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at December 31, 2019:

Classification	Balance Sheet Location	December 31, 2019
Lease Assets
Operating lease assets	Right of Use Asset - Operating Leases	$	298,393
Finance lease assets	Other Assets	34,858
Total lease assets		$	333,251
Lease Liabilities
Current operating lease liabilities	Accrued expenses and other	$	54,048
Current finance lease liabilities	Notes payable and current portion of debt	10,803
Total current lease liabilities		$	64,851
Noncurrent operating lease liabilities	Noncurrent Operating Lease Liabilities	$	253,992
Noncurrent finance lease liabilities	Long-term Debt, Net of Current Portion	22,274
Total noncurrent lease liabilities		$	276,266
Total lease liabilities		$	341,117

Components of the Company's total lease cost

The following table sets forth the components of the Company's total lease cost for the year ended December 31, 2019:

Lease Cost		Twelve months ended December 31, 2019
Operating lease cost	(a)	$	61,845
Finance lease cost:
Amortization of lease asset	(a) (b)	6,965
Interest on lease liabilities	(c)	763
Variable lease cost	(a) (d)	51,616
Total lease cost		$	121,189

(a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively.

(b) Included in depreciation and amortization.

(c) Included in interest expense.

(d) Also includes short term lease costs, which are deemed immaterial.

Five-year maturity schedule of Company's lease liabilities

The following table sets forth the five-year maturity schedule of the Company's lease liabilities as of December 31, 2019:

Maturity of Lease Liabilities	Operating Leases		Finance Leases		Total
2020	$	55,681	$	11,124	$	66,805
2021	49,474		9,258		58,732
2022	43,418		7,322		50,740
2023	39,831		4,569		44,400
2024	33,424		2,355		35,779
Beyond 2024	167,463		227		167,690
Total lease payments	$	389,291	$	34,855	$	424,146
Less: Interest	81,251		1,778		83,029
Lease Liabilities	$	308,040	$	33,077	$	341,117

Five-year maturity schedule of Company's lease liabilities

The following table sets forth the five-year maturity schedule of the Company's lease liabilities as of December 31, 2019:

Maturity of Lease Liabilities	Operating Leases		Finance Leases		Total
2020	$	55,681	$	11,124	$	66,805
2021	49,474		9,258		58,732
2022	43,418		7,322		50,740
2023	39,831		4,569		44,400
2024	33,424		2,355		35,779
Beyond 2024	167,463		227		167,690
Total lease payments	$	389,291	$	34,855	$	424,146
Less: Interest	81,251		1,778		83,029
Lease Liabilities	$	308,040	$	33,077	$	341,117

Company's weighted average remaining lease term and discount rates used

The following tables set forth the Company's weighted average remaining lease term and discount rates used in the calculation of its outstanding lease liabilities at December 31, 2019, along with other lease-related information for the year ended December 31, 2019:

Lease Term and Discount Rate	As of December 31, 2019
Weighted-average remaining lease term (years):
Operating leases	10.2
Finance leases	3.8
Weighted-average discount rate:
Operating leases	4.74%
Finance leases	2.97%
Other Information	Twelve Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases	$	61,532
Operating cash flows used by finance leases	763
Financing cash flows used by finance leases	7,989
Leased assets obtained in exchange for new operating lease liabilities	28,762
Leased assets obtained in exchange for new finance lease liabilities	24,106