Leases (Tables)

3 Months Ended

Mar. 31, 2019

Schedules Of Lease Asset and Liabilities and Lease Costs



(in thousands)
Leases	March 31, 2019
Operating lease right-of-use assets	$	109,807
Operating lease liabilities	$	118,520

The following table presents the components of lease expense for the three months ended March 31, 2019:



(in thousands)	Three Months Ended
Lease Costs	March 31, 2019
Operating lease costs	$	8,126
Short-term lease costs	267
Variable lease costs	2
Sublease income	(787		)
Net lease costs	$	7,608

Prior to the adoption of ASU 2016-02, rent expense for the three months ended March 31, 2018 was $9.6 million and was partially offset by rent income of $684,000.

The following table presents the supplemental cash flow information related to leases for the three months ended March 31, 2019:



(in thousands)	Three Months Ended
Cash Flows	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,244
Right of use assets obtained in exchange for new operating lease liabilities	$	1,554

Maturity Of Lease Liabilities

The following table presents the maturities of lease liabilities as of March 31, 2019:



(in thousands)
Year	Operating Leases
Remainder of 2019	$	23,266
2020	26,824
2021	20,969
2022	15,852
2023	11,924
Thereafter	35,806
Total lease payments	134,641
Less: imputed interest	(16,121		)
Present value of lease liabilities	$	118,520

The following table presents the operating lease term and discount rate for the three months ended March 31, 2019:



(in thousands)	Three Months Ended
	March 31, 2019
Weighted-average remaining lease term (years)	7.0
Weighted-average discount rate	3.71	%

Future Minimum Lease Payment And Future Minimum Income Receivable Under Non-Cancelable Operating Leases

The following table sets forth, as of December 31, 2018, the future minimum lease payments under non-cancelable leases and future minimum income receivable under non-cancelable operating subleases:



(in thousands)
Year	Leases Payments		Subleases Income
2019	$	33,948	$	2,851
2020	29,535		2,711
2021	23,898		2,333
2022	18,250		1,718
2023	14,100		1,337
Thereafter	37,963		3,477
Total	$	157,694	$	14,427