Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet

The following table provides information about the financial statement classification of our lease balances reported within the consolidated balance sheets as of September 30, 2019 and January 1, 2019 (in thousands):

Leases	Classification	September 30, 2019		January 1, 2019
Assets
Operating lease assets	Other assets	$	78,621	$	65,922
Finance lease assets	Property and equipment(a)		1,178		1,693
Total lease assets		$	79,799	$	67,615
Liabilities
Current
Operating lease liabilities	Accrued expenses and other current liabilities	$	19,502	$	15,788
Finance lease liabilities	Current portion of long-term debt		1,143		1,399
Non-current
Operating lease liabilities	Other liabilities		64,018		54,724
Finance lease liabilities	Long-term debt		670		1,521
Total lease liabilities		$	85,333	$	73,432

(a) Recorded net of accumulated amortization of $515,000 as of September 30, 2019 and there is no accumulated amortization as of January 1, 2019.

Schedule of Financial Statement Classification of Lease Balances With Consolidated Statement of Operations

The following table provides information about the financial statement classification of our lease expenses reported within the consolidated statement of operations for the three and nine months ended September 30, 2019 (in thousands):

Lease cost	Classification	Three months ended September 30, 2019		Nine months ended September 30, 2019
Operating lease cost (a) (b)	Selling and administrative expenses	$	5,197	$	14,965
Finance lease cost
Amortization of leased      assets	Selling and administrative expenses		171		515
Interest on lease liabilities	Interest expense, net		22		72
Total lease cost		$	5,390	$	15,552

(a) Includes immaterial amounts recorded to cost of goods sold.

(b) Excludes short-term and variable lease costs, which are immaterial.

Schedule of Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases as of September 30, 2019 are as follows (in thousands):

	Operating leases			Finance leases			Total
Remainder of 2019	$	6,008		$	310		$	6,318
2020		21,144			1,150			22,294
2021		17,812			432			18,244
2022		14,470			—			14,470
2023		8,984			—			8,984
After 2023		25,486			—			25,486
Total lease payments		93,904			1,892			95,796
Less:  Interest		(10,384	)		(79	)		(10,463	)
Present value of lease liabilities	$	83,520		$	1,813		$	85,333

Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied as of September 30, 2019:

	September 30, 2019
Weighted average remaining lease term (years)
Operating leases		6.19
Finance leases		1.69
Weighted average discount rate (%)
Operating leases		3.65
Finance leases		4.85

Schedule of Other Information Related to Leases

The following table provides other information related to leases for the nine months ended September 30, 2019 (in thousands):

	Nine months ended September 30, 2019
Cash paid for amounts included in the measurement of lease    liabilities:
Operating cash flows from operating leases	$	14,527
Leased assets obtained in exchange for new operating lease liabilities		5,901

Future Minimum Lease Payments

Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year) as of December 31, 2018 are as follows (in thousands):

Years Ending December 31,
2019	$	21,499
2020		15,580
2021		12,121
2022		9,150
2023		6,296
Thereafter		7,238
Total minimum lease payments	$	71,884