Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases

Summary of the components of lease expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
	(In thousands)
Operating lease cost	$	57,682	$	61,808	$	117,705	$	123,523
Short-term lease cost (1)		6,600		3,733		10,836		6,400
Finance lease cost:
Amortization of right-of-use assets		12,374		12,300		24,748		24,748
Interest on lease liabilities		3,428		4,534		7,144		9,332
Total finance lease cost		15,802		16,834		31,892		34,080
Total lease costs	$	80,084	$	82,375	$	160,433	$	164,003

(1) Leases that have terms of 12 months or less.

Summary of Supplemental cash flow information related to leases

	For the Six Months Ended
	June 30,
	2021		2020
	(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	115,658	$	123,811
Operating cash flows from finance leases	$	6,944	$	9,332
Financing cash flows from finance leases	$	24,948	$	23,227
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	15,000	$	17,967
Finance leases	$	—	$	—

Summary of supplemental balance sheet information related to leases

	As of
	June 30,		December 31,
	2021		2020
	(In thousands)
Operating Leases:
Operating lease assets	$	291,139	$	380,968
Other current liabilities	$	153,372	$	186,967
Operating lease liabilities		138,432		192,624
Total operating lease liabilities	$	291,804	$	379,591
Finance Leases:
Property and equipment, gross	$	398,875	$	398,875
Accumulated depreciation		(275,821)		(251,073)
Property and equipment, net	$	123,054	$	147,802
Other current liabilities	$	49,452	$	49,820
Other long-term liabilities		86,774		110,789
Total finance lease liabilities	$	136,226	$	160,609
Weighted Average Remaining Lease Term:
Operating leases		2.9 years		2.9 years
Finance leases		2.9 years		3.3 years
Weighted Average Discount Rate:
Operating leases		8.5%		8.7%
Finance leases		9.7%		9.6%

Summary of maturities of operating lease liabilities

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2021 (remaining six months)	$	96,770	$	31,306	$	128,076
2022		140,318		50,227		190,545
2023		34,120		42,862		76,982
2024		15,068		32,147		47,215
2025		8,723		—		8,723
Thereafter		35,542		—		35,542
Total lease payments		330,541		156,542		487,083
Less: Imputed interest		(38,737)		(20,316)		(59,053)
Total		291,804		136,226		428,030
Less: Current portion		(153,372)		(49,452)		(202,824)
Long-term portion of lease obligations	$	138,432	$	86,774	$	225,206

Summary of maturities of finance lease liabilities

Maturities of lease liabilities as of June 30, 2021 were as follows:

	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2021 (remaining six months)	$	96,770	$	31,306	$	128,076
2022		140,318		50,227		190,545
2023		34,120		42,862		76,982
2024		15,068		32,147		47,215
2025		8,723		—		8,723
Thereafter		35,542		—		35,542
Total lease payments		330,541		156,542		487,083
Less: Imputed interest		(38,737)		(20,316)		(59,053)
Total		291,804		136,226		428,030
Less: Current portion		(153,372)		(49,452)		(202,824)
Long-term portion of lease obligations	$	138,432	$	86,774	$	225,206