Leases (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Lease Assets and Liabilities

The following table presents the lease-related assets and liabilities reported in the Consolidated Balance Sheet as of September 30, 2019 (in thousands):



	Classification on the Consolidated Balance Sheet	September 30, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	232,996
Finance lease assets	Property, plant and equipment, net	9,894
Total lease assets		$	242,890

Liabilities
Current
Operating	Operating lease liabilities, current	$	51,632
Finance	Current maturities of long-term debt and finance lease liabilities	4,192
Noncurrent
Operating	Operating lease liabilities, long-term	193,502
Finance	Long-term debt and finance lease liabilities	5,788
Total lease liabilities		$	255,114

Schedule of Lease Cost

The following table presents information related to lease expense for the nine months ended September 30, 2019 (in thousands):



	For the nine months ended September 30, 2019
Finance lease expense:
Amortization expense	$	3,396
Interest expense	325
Operating lease expense	49,408
Short-term lease expense	108,930
Variable lease expense	3,358
Total lease expense	$	165,417

Schedule of Lease Term and Discount Rate

The following table presents certain information related to lease terms and discount rates for leases as of September 30, 2019:



	September 30, 2019
Weighted-average remaining lease term:
Operating leases	6.6 years
Finance leases	3.0 years
Weighed-average discount rate:
Operating leases	4.17	%
Finance leases	4.16	%

Schedule of Supplemental Cash Flow Lease Information

The following table presents supplemental cash flow information related to leases for the nine months ended September 30, 2019 (in thousands):



	For the nine months ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	48,966
Operating cash flows used for finance leases	$	325
Financing cash flows used for finance leases	$	3,357
Right-of-use assets obtained in exchange for new operating lease liabilities	$	57,400
Right-of-use assets obtained in exchange for new finance lease liabilities	$	4,471

Schedule of Maturity of Lease Liabilities

The following table reconciles future minimum lease payments on an undiscounted cash flow basis to the lease liabilities reported in the Consolidated Balance Sheet as of September 30, 2019 (in thousands):



	Operating Leases			Finance Leases
October 1, 2019 to September 30, 2020	$	60,630		$	4,507
October 1, 2020 to September 30, 2021	49,507			3,077
October 1, 2021 to September 30, 2022	40,141			1,857
October 1, 2022 to September 30, 2023	33,471			838
October 1, 2023 to September 30, 2024	24,566			164
Thereafter	73,298			142
Total minimum lease payments	281,613			10,585
Less: Amount of lease payments representing interest	(36,479		)	(605		)
Present value of future minimum lease payments	$	245,134		$	9,980


Current portion of lease liabilities	$	51,632		$	4,192
Noncurrent portion of lease liabilities	193,502			5,788
Present value of future minimum lease payments	$	245,134		$	9,980