Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedules Of Lease Asset and Liabilities and Lease Costs

The following table presents the balance sheet information related to leases as of June 30, 2019:

(in thousands)
Leases	June 30, 2019
Operating lease right-of-use assets	$	112,752
Operating lease liabilities	$	121,742

The following table presents the components of lease expense for the three and six months ended June 30, 2019:

(in thousands)	Three Months Ended			Six Months Ended
Lease Costs	June 30, 2019			June 30, 2019
Operating lease costs	$	8,116		$	16,242
Short-term lease costs	209			476
Variable lease costs	(5		)	(3		)
Sublease income	(615		)	(1,402		)
Net lease costs	$	7,705		$	15,313

Prior to the adoption of ASU 2016-02, rent expense for the three and six months ended June 30, 2018 was $9.4 million and $19.0 million, respectively, and was partially offset by rent income of $648,000 and $1.3 million, respectively.

The following table presents the supplemental cash flow information related to leases for the six months ended June 30, 2019:

(in thousands)	Six Months Ended
Cash Flows	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	16,497
Right of use assets obtained in exchange for new operating lease liabilities	$	11,869

Maturity Of Lease Liabilities

The following table presents the maturities of lease liabilities as of June 30, 2019:

(in thousands)
Year	Operating Leases
Remainder of 2019	$	16,429
2020	28,842
2021	23,152
2022	17,969
2023	14,025
Thereafter	37,420
Total lease payments	137,837
Less: imputed interest	(16,095		)
Present value of lease liabilities	$	121,742

The following table presents the operating lease term and discount rate as of June 30, 2019:

	June 30, 2019
Weighted-average remaining lease term (years)	6.8
Weighted-average discount rate	3.64	%

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