Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Expense, Term and Discount Rate

ease term and discount rate assumptions used to develop the present value of lease liabilities:

	June 30,
	2019
Weighted-average remaining lease term (years)
Operating leases	8.3
Finance leases	5.5
Weighted-average discount rate
Operating leases	3.0	%
Finance leases	1.2	%

The components of lease expense are as follows:

	Three Months Ended June 30,			Six Months Ended June 30,
(in thousands)	2019			2019
Operating lease expense	$	13,387		$	26,784
Finance lease expense
Amortization of leased assets	272			543
Interest on lease liabilities	4			8
Short-term and variable lease expense	172			277
Sublease income	(138		)	(276		)
Total	$	13,697		$	27,336

Maturity of Finance Lease Liabilities

ease liabilities are as follows:

(in thousands)	Operating Leases			Finance Leases			Total
Remaining 2019	$	25,598		$	188		$	25,786
2020	45,910			383			46,293
2021	37,570			185			37,755
2022	30,788			121			30,909
2023	26,252			121			26,373
Thereafter	107,810			349			108,159
Total lease payments	273,928			1,347			275,275
Less: Present value discount	(29,311		)	(2		)	(29,313		)
Present value lease liabilities	$	244,617		$	1,345		$	245,962

Maturity of Operating Lease Liabilities

Scheduled payments of lease liabilities are as follows:

(in thousands)	Operating Leases			Finance Leases			Total
Remaining 2019	$	25,598		$	188		$	25,786
2020	45,910			383			46,293
2021	37,570			185			37,755
2022	30,788			121			30,909
2023	26,252			121			26,373
Thereafter	107,810			349			108,159
Total lease payments	273,928			1,347			275,275
Less: Present value discount	(29,311		)	(2		)	(29,313		)
Present value lease liabilities	$	244,617		$	1,345		$	245,962