Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Supplemental Balance Sheet Information

The following table presents the Company's total right-of-use assets and lease liabilities as of June 30, 2019 (dollars in thousands):

	Balance Sheet Location	June 30, 2019
Right-of-Use Assets
Operating	Operating lease right-of-use assets	$	148,493
Finance, net of accumulated amortization of $211	Other assets	527
Total Assets		$	149,020
Liabilities
Current
Operating	Current portion of operating lease liabilities	$	34,172
Finance	Accounts payable and accrued liabilities	446
Noncurrent
Operating	Operating lease liabilities	115,183
Finance	Other liabilities	81
Total Liabilities		$	149,882

	June 30, 2019
Weighted Average Remaining Lease Term (in years)
Operating leases	7.80
Finance leases	2.09
Weighted Average Discount Rate
Operating leases	7.5	%
Finance leases	7.5	%

Lease Cost

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	5,298	$	10,501
Operating cash flows from finance leases	11		24
Financing cash flows from finance leases	108		223
Financing cash flows from failed sale leaseback	298		596
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	8,023	$	15,223

	June 30, 2019
Weighted Average Remaining Lease Term (in years)
Operating leases	7.80
Finance leases	2.09
Weighted Average Discount Rate
Operating leases	7.5	%
Finance leases	7.5	%

The following table presents the total lease cost for three and six months ended June 30, 2019 (dollars in thousands):

	Statement of Operations Location	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating Lease Cost	Selling, general and administrative expenses; Corporate expenses	$	10,786	$	19,796
Finance Lease Cost
Amortization of right-of-use assets	Depreciation and amortization	108		223
Interest on lease liabilities	Interest expense	11		24
Total Lease Cost		$	10,905	$	20,043

Operating Lease Maturity

by year of lease liabilities as of June 30, 2019 were as follows (dollars in thousands):

	Operating Leases		Finance Leases		Total
2019 (a)	$	17,074	$	205	$	17,279
2020	32,054		217		32,271
2021	25,738		103		25,841
2022	23,231		37		23,268
2023	21,406		6		21,412
Thereafter	82,560		—		82,560
Total lease payments	$	202,063	$	568	$	202,631
Less: interest	52,708		41		52,749
Present value of lease liabilities	$	149,355	$	527	$	149,882

As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Year Ending December 31:	Future Minimum Rent Under Operating Leases		Future Minimum Sublease Income			Future Minimum Commitments Under Failed Sale Leaseback Agreement		Net Commitments
2019	$	34,356	$	(1,719	)	$	1,193	$	33,830
2020	29,242		(1,719		)	1,557		29,080
2021	22,717					1,603		24,320
2022	19,885					1,650		21,535
2023	16,280					1,701		17,981
Thereafter	45,959					2,052		48,011
	$	168,439	$	(3,438	)	$	9,756	$	174,757

Future minimum payments related to the Company's failed sale-leaseback as of June 30, 2019 were as follows (dollars in thousands):

	Total
2019 (a)	$	597
2020	1,557
2021	1,603
2022	1,650
2023	1,701
Thereafter	2,051
Total lease payments	$	9,159

(a) Excludes the six months ended June 30, 2019.

Finance Leases Maturity

by year of lease liabilities as of June 30, 2019 were as follows (dollars in thousands):

	Operating Leases		Finance Leases		Total
2019 (a)	$	17,074	$	205	$	17,279
2020	32,054		217		32,271
2021	25,738		103		25,841
2022	23,231		37		23,268
2023	21,406		6		21,412
Thereafter	82,560		—		82,560
Total lease payments	$	202,063	$	568	$	202,631
Less: interest	52,708		41		52,749
Present value of lease liabilities	$	149,355	$	527	$	149,882

As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Year Ending December 31:	Future Minimum Rent Under Operating Leases		Future Minimum Sublease Income			Future Minimum Commitments Under Failed Sale Leaseback Agreement		Net Commitments
2019	$	34,356	$	(1,719	)	$	1,193	$	33,830
2020	29,242		(1,719		)	1,557		29,080
2021	22,717					1,603		24,320
2022	19,885					1,650		21,535
2023	16,280					1,701		17,981
Thereafter	45,959					2,052		48,011
	$	168,439	$	(3,438	)	$	9,756	$	174,757

Future minimum payments related to the Company's failed sale-leaseback as of June 30, 2019 were as follows (dollars in thousands):

	Total
2019 (a)	$	597
2020	1,557
2021	1,603
2022	1,650
2023	1,701
Thereafter	2,051
Total lease payments	$	9,159

(a) Excludes the six months ended June 30, 2019.

Sale Leaseback Maturity

by year of lease liabilities as of June 30, 2019 were as follows (dollars in thousands):

	Operating Leases		Finance Leases		Total
2019 (a)	$	17,074	$	205	$	17,279
2020	32,054		217		32,271
2021	25,738		103		25,841
2022	23,231		37		23,268
2023	21,406		6		21,412
Thereafter	82,560		—		82,560
Total lease payments	$	202,063	$	568	$	202,631
Less: interest	52,708		41		52,749
Present value of lease liabilities	$	149,355	$	527	$	149,882

As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Year Ending December 31:	Future Minimum Rent Under Operating Leases		Future Minimum Sublease Income			Future Minimum Commitments Under Failed Sale Leaseback Agreement		Net Commitments
2019	$	34,356	$	(1,719	)	$	1,193	$	33,830
2020	29,242		(1,719		)	1,557		29,080
2021	22,717					1,603		24,320
2022	19,885					1,650		21,535
2023	16,280					1,701		17,981
Thereafter	45,959					2,052		48,011
	$	168,439	$	(3,438	)	$	9,756	$	174,757

Future minimum payments related to the Company's failed sale-leaseback as of June 30, 2019 were as follows (dollars in thousands):

	Total
2019 (a)	$	597
2020	1,557
2021	1,603
2022	1,650
2023	1,701
Thereafter	2,051
Total lease payments	$	9,159

(a) Excludes the six months ended June 30, 2019.

Lease Receivable, Maturity

	Operating Leases
2019 (a)	$	1,532
2020	3,259
2021	2,603
2022	2,296
2023	1,770
Thereafter	2,893
Total lease receivables	$	14,353

(a) Excludes the six months ended June 30, 2019.

Future Minimum Lease Payments under Non-Cancelable Operating Leases

As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Year Ending December 31:	Future Minimum Rent Under Operating Leases		Future Minimum Sublease Income			Future Minimum Commitments Under Failed Sale Leaseback Agreement		Net Commitments
2019	$	34,356	$	(1,719	)	$	1,193	$	33,830
2020	29,242		(1,719		)	1,557		29,080
2021	22,717					1,603		24,320
2022	19,885					1,650		21,535
2023	16,280					1,701		17,981
Thereafter	45,959					2,052		48,011
	$	168,439	$	(3,438	)	$	9,756	$	174,757