Leases (Tables)

12 Months Ended

Dec. 31, 2020

The following summarizes lease expense:


	Year Ended December 31, 2020				Year Ended December 31, 2019
Lease Expense / (Sublease Income)	Continuing Operations		Discontinued Operations		Continuing Operations		Discontinued Operations
(in thousands)
Operating lease cost	$	83,938	$	792	$	90,591	$	809
Finance lease cost
Amortization of right-of-use assets	651		676		1,394		27
Interest on lease liabilities	23		117		65		2
Variable lease cost (1)	7,415		—		19,231		—
Short-term lease cost	92,161		24,900		119,737		43,807
Sublease income	(6,797)		(10,278)		(8,905)		(25,832)
Total lease expense	$	177,391	$	16,207	$	222,113	$	18,813

(1)Primarily relates to rent escalation due to cost of living indexation and payments for property taxes, insurance or common area maintenance based on actual assessments.

Information related to our right-of use assets and lease liabilities follows:


		December 31, 2020				December 31, 2019
Lease Assets / Liabilities	Balance Sheet Classification	Cont Ops		Disc Ops		Cont Ops		Disc Ops
(in thousands)
Right-of-use assets
Operating lease assets	Other assets	$	215,134	$	—	$	259,169	$	—
Operating lease assets	Current assets held for sale	—		2,434		13,123		3,259
Finance lease assets	Other assets	400		—		937		—
Finance lease assets	Current assets held for sale	—		9,069		—		181
Total right-of-use assets		$	215,534	$	11,503	$	273,229	$	3,440
Lease liabilities
Operating lease liabilities, current	Other accrued liabilities	$	62,180	$	—	$	65,961	$	—
Operating lease liabilities, noncurrent	Noncurrent liabilities	176,776		—		219,146		—
Operating lease liabilities	Current liabilities held for sale	—		2,434		13,228		3,180
Finance lease liabilities, current	Other accrued liabilities	114		—		906		—
Finance lease liabilities, noncurrent	Noncurrent liabilities	—		—		8		—
Finance lease liabilities	Current liabilities held for sale	—		8,327		—		191
Total lease liabilities		$	239,070	$	10,761	$	299,249	$	3,371

Supplemental information related to leases

Supplemental information related to our leases follows:


	Year Ended December 31, 2020						Year Ended December 31, 2019
	Cont Ops			Disc Ops			Cont Ops			Disc Ops
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	89,649		$	780		$	91,308		$	787
Operating cash flows from finance leases	23			117			65			3
Financing cash flows from finance leases	761			1,365			1,547			25
Right-of-use assets obtained in exchange for new operating lease liabilities	20,471			—			96,984			546
Right-of-use assets obtained in exchange for new finance lease liabilities	—			8,663			—			222
Weighted-average remaining lease term - operating leases	6.1 years			4.3 years			6.5 years			4.8 years
Weighted-average remaining lease term - finance leases	2.1 years			5.0 years			2.2 years			3.5 years
Weighted-average discount rate - operating leases	3.04		%	3.47		%	3.34		%	3.50		%
Weighted-average discount rate - finance leases	3.39		%	2.72		%	3.38		%	2.64		%

Remaining lease payments under operating leases

The remaining lease payments under our operating and finance leases follows:


	Cont Ops				Disc Ops
Year Ended December 31,	Operating Leases		Finance Leases		Operating Leases		Finance Leases
(in thousands)
2021	$	68,649	$	8	$	654	$	2,927
2022	55,736		55		609		2,906
2023	41,029		62		554		1,436
2024	28,211		—		482		821
2025	20,275		—		324		612
Thereafter	47,358		—		—		—
Total lease payments	$	261,258	$	125	$	2,623	$	8,702
Less: Interest	(22,302)		(11)		(189)		(375)
Present value of lease liabilities	$	238,956	$	114	$	2,434	$	8,327

Remaining lease payments under finance leases

The remaining lease payments under our operating and finance leases follows:


	Cont Ops				Disc Ops
Year Ended December 31,	Operating Leases		Finance Leases		Operating Leases		Finance Leases
(in thousands)
2021	$	68,649	$	8	$	654	$	2,927
2022	55,736		55		609		2,906
2023	41,029		62		554		1,436
2024	28,211		—		482		821
2025	20,275		—		324		612
Thereafter	47,358		—		—		—
Total lease payments	$	261,258	$	125	$	2,623	$	8,702
Less: Interest	(22,302)		(11)		(189)		(375)
Present value of lease liabilities	$	238,956	$	114	$	2,434	$	8,327