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Leases
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases Leases
The Company has entered into various lease agreements both as the lessor and lessee. We determine if an arrangement is or contains a lease at contract inception and determine its classification as an operating or finance lease at lease commencement. The leases have been classified as either operating or finance leases in accordance with ASU 2016-02, Leases (Topic 842) and its related amendments (collectively, known as "ASC 842") and primarily consist of leases for land, tower space, office space, certain office equipment and vehicles. The Company also has sublease arrangements that provide a nominal amount of income. A right-of-use asset and lease liability have been recorded on the balance sheet for all leases except those with an original lease term of twelve months or less. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As a lessor, we reserve the rights to the underlying assets in our agreements and do not expect to derive any amounts at the end of the lease terms. We have elected the practical expedient under ASC 842 to not separate lease and nonlease components for all classes of underlying assets.
The Company's leases typically have lease terms between five to ten years. Most of these leases include one or more renewal options for periods ranging from one to ten years. At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability. The Company assumes that certain tower and land leases will be renewed for one additional term.
The Company uses its incremental borrowing rate to calculate the present value of lease payments. The incremental borrowing rate is based on a 1-year LIBOR rate plus an estimated credit spread consistent with our Refinanced Credit Agreement.
The following table presents the Company's total right-of-use assets and lease liabilities as of December 31, 2020 and 2019 (dollars in thousands):
Balance Sheet LocationDecember 31, 2020December 31, 2019
Right-of-Use Assets
     OperatingOperating lease right-of-use assets$157,568 $143,436 
     Finance, net of accumulated amortization of $498 and $352 at December 31, 2020 and 2019, respectively
Other assets496 380 
Total Assets$158,064 $143,816 
Lease Liabilities
Current
     OperatingCurrent portion of operating lease liabilities$28,121 $34,462 
     FinanceAccounts payable and accrued liabilities250 234 
Noncurrent
     OperatingOperating lease liabilities129,273 111,184 
     FinanceOther liabilities256 146 
Total Liabilities$157,900 $146,026 
The following table presents the total lease cost for the years ended December 31, 2020 and 2019 (dollars in thousands):
Statement of Operations LocationDecember 31, 2020December 31, 2019
Operating Lease CostSelling, general and administrative expenses; Corporate expenses$33,439 $37,750 
Finance Lease Cost
     Amortization of right-of-use assetsDepreciation and amortization348 414 
     Interest on lease liabilitiesInterest expense40 42 
Total Lease Cost$33,827 $38,206 
Total lease income related to our lessor arrangements was $2.1 million and $3.0 million for the years ended December 31, 2020 and 2019, respectively.
Other Supplementary Data
The following tables present other supplementary information for the years ended December 31, 2020 and 2019, respectively (dollars in thousands):
December 31, 2020December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
     Operating cash flows from operating leases$34,051 $22,370 
     Operating cash flows from finance leases40 42 
     Financing cash flows from finance leases339 414 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$40,506 $22,922 
December 31, 2020December 31, 2019
Weighted Average Remaining Lease Term (in years)
     Operating leases8.857.99
     Finance leases2.692.22
Weighted Average Discount Rate
     Operating leases6.68 %7.45 %
     Finance leases6.22 %7.44 %
As of December 31, 2020, future minimum lease payments, as defined under ASC 842, for the following five fiscal years and thereafter were as follows (dollars in thousands):
Operating LeasesFinance LeasesTotal
2021$28,106 $253 $28,359 
202227,577 173 27,750 
202326,045 61 26,106 
202422,133 44 22,177 
202518,972 15 18,987 
Thereafter85,883 — 85,883 
Total lease payments$208,716 $546 $209,262 
Less: imputed interest(51,322)(40)(51,362)
Total$157,394 $506 $157,900 
    
Future minimum payments related to the Company's failed sale-leasebacks as of December 31, 2020 were as follows (dollars in thousands):

Tower SaleOtherTotal
2021$13,266 $1,603 $14,869 
202213,664 1,650 15,314 
202314,074 1,701 15,775 
202414,496 1,751 16,247 
202514,931 301 15,232 
Thereafter171,175 — 171,175 
$241,606 $7,006 $248,612 
Future minimum payments to be received under the Company's lessor arrangements as of December 31, 2020 were as follows (dollars in thousands):
Operating Leases
2021$271 
2022245 
2023242 
2024160 
202582 
Thereafter119 
Total lease receivables$1,119 
Leases Leases
The Company has entered into various lease agreements both as the lessor and lessee. We determine if an arrangement is or contains a lease at contract inception and determine its classification as an operating or finance lease at lease commencement. The leases have been classified as either operating or finance leases in accordance with ASU 2016-02, Leases (Topic 842) and its related amendments (collectively, known as "ASC 842") and primarily consist of leases for land, tower space, office space, certain office equipment and vehicles. The Company also has sublease arrangements that provide a nominal amount of income. A right-of-use asset and lease liability have been recorded on the balance sheet for all leases except those with an original lease term of twelve months or less. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As a lessor, we reserve the rights to the underlying assets in our agreements and do not expect to derive any amounts at the end of the lease terms. We have elected the practical expedient under ASC 842 to not separate lease and nonlease components for all classes of underlying assets.
The Company's leases typically have lease terms between five to ten years. Most of these leases include one or more renewal options for periods ranging from one to ten years. At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability. The Company assumes that certain tower and land leases will be renewed for one additional term.
The Company uses its incremental borrowing rate to calculate the present value of lease payments. The incremental borrowing rate is based on a 1-year LIBOR rate plus an estimated credit spread consistent with our Refinanced Credit Agreement.
The following table presents the Company's total right-of-use assets and lease liabilities as of December 31, 2020 and 2019 (dollars in thousands):
Balance Sheet LocationDecember 31, 2020December 31, 2019
Right-of-Use Assets
     OperatingOperating lease right-of-use assets$157,568 $143,436 
     Finance, net of accumulated amortization of $498 and $352 at December 31, 2020 and 2019, respectively
Other assets496 380 
Total Assets$158,064 $143,816 
Lease Liabilities
Current
     OperatingCurrent portion of operating lease liabilities$28,121 $34,462 
     FinanceAccounts payable and accrued liabilities250 234 
Noncurrent
     OperatingOperating lease liabilities129,273 111,184 
     FinanceOther liabilities256 146 
Total Liabilities$157,900 $146,026 
The following table presents the total lease cost for the years ended December 31, 2020 and 2019 (dollars in thousands):
Statement of Operations LocationDecember 31, 2020December 31, 2019
Operating Lease CostSelling, general and administrative expenses; Corporate expenses$33,439 $37,750 
Finance Lease Cost
     Amortization of right-of-use assetsDepreciation and amortization348 414 
     Interest on lease liabilitiesInterest expense40 42 
Total Lease Cost$33,827 $38,206 
Total lease income related to our lessor arrangements was $2.1 million and $3.0 million for the years ended December 31, 2020 and 2019, respectively.
Other Supplementary Data
The following tables present other supplementary information for the years ended December 31, 2020 and 2019, respectively (dollars in thousands):
December 31, 2020December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
     Operating cash flows from operating leases$34,051 $22,370 
     Operating cash flows from finance leases40 42 
     Financing cash flows from finance leases339 414 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$40,506 $22,922 
December 31, 2020December 31, 2019
Weighted Average Remaining Lease Term (in years)
     Operating leases8.857.99
     Finance leases2.692.22
Weighted Average Discount Rate
     Operating leases6.68 %7.45 %
     Finance leases6.22 %7.44 %
As of December 31, 2020, future minimum lease payments, as defined under ASC 842, for the following five fiscal years and thereafter were as follows (dollars in thousands):
Operating LeasesFinance LeasesTotal
2021$28,106 $253 $28,359 
202227,577 173 27,750 
202326,045 61 26,106 
202422,133 44 22,177 
202518,972 15 18,987 
Thereafter85,883 — 85,883 
Total lease payments$208,716 $546 $209,262 
Less: imputed interest(51,322)(40)(51,362)
Total$157,394 $506 $157,900 
    
Future minimum payments related to the Company's failed sale-leasebacks as of December 31, 2020 were as follows (dollars in thousands):

Tower SaleOtherTotal
2021$13,266 $1,603 $14,869 
202213,664 1,650 15,314 
202314,074 1,701 15,775 
202414,496 1,751 16,247 
202514,931 301 15,232 
Thereafter171,175 — 171,175 
$241,606 $7,006 $248,612 
Future minimum payments to be received under the Company's lessor arrangements as of December 31, 2020 were as follows (dollars in thousands):
Operating Leases
2021$271 
2022245 
2023242 
2024160 
202582 
Thereafter119 
Total lease receivables$1,119