Leases Leases (Tables)

6 Months Ended

Jun. 30, 2019

The components of lease expense were as follows:



Lease cost	Three months ended June 30, 2019		Six months ended June 30, 2019
Operating lease cost⁽¹⁾:
Fixed lease expense	$	130,946	$	259,056
Variable lease expense	29,907		58,478
Financing lease cost:
Amortization of leased assets	5,703		11,529
Interest on lease liabilities	3,715		7,490
Net lease cost	$	170,271	$	336,553


(1)	Includes short-term lease expense and sublease income, which are immaterial.

Other information related to leases was as follows:



Lease term and discount rate	June 30, 2019
Weighted average remaining lease term (years):
Operating leases	9.1
Finance leases	10.6
Weighted average discount rate:
Operating leases	4.2	%
Finance leases	5.4	%



Other information	Six months ended June 30, 2019
Gain on sale leaseback, net	$	10,336
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	309,115
Operating cash flows from finance leases	$	10,585
Financing cash flows from finance leases	$	16,910
Net operating lease assets obtained in exchange for new or modified operating lease liabilities	$	195,771

Future minimum lease payments under non-cancellable leases as of December 31, 2018 were as follows:



	Operating leases		Capital leases
2019	$	483,488	$	36,754
2020	462,154		41,044
2021	432,950		34,026
2022	395,462		33,690
2023	349,649		33,845
Thereafter	1,589,949		194,611
	$	3,713,652	373,970
Less portion representing interest			(91,233		)
Total capital lease obligations, including current portion			$	282,737

Future minimum lease payments under non-cancellable leases as of June 30, 2019 were as follows:



	Operating leases			Finance leases
2019 (remainder of the year)	$	259,928		$	16,493
2020	490,779			37,805
2021	463,495			33,317
2022	426,182			33,599
2023	380,070			33,709
2024	326,541			33,723
Thereafter	1,375,473			175,202
Total future minimum lease payments	$	3,722,468		$	363,848
Less portion representing interest	(660,594		)	(86,268		)
Present value of lease liabilities	$	3,061,874		$	277,580