Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to our leases is as follows (dollars in thousands):

Category	Classification	December 31, 2019
Assets
Operating lease assets	Operating lease assets	$	997,966
Financing lease assets	Other assets, net		94,141
Total leased assets		$	1,092,107
Liabilities
Current:
Operating	Operating lease liabilities	$	168,663
Financing	Other current liabilities		34,966
Non-current:
Operating	Non-current operating lease liabilities		1,057,758
Financing	Other liabilities		60,001
Total lease liabilities		$	1,321,388

Schedule of Components of Lease Costs

Components of lease cost are as follows (dollars in thousands):

Component	Classification	Year Ended December 31, 2019
Operating lease cost	Operating, administrative and other	$	189,106
Finance lease cost:
Amortization of right-to-use assets	(1)		31,081
Interest on lease liabilities	Interest expense		1,317
Variable lease cost	(2)		74,476
Sublease income	Revenue		(3,734	)
Total lease cost		$	292,246

(1) Amortization costs of $25.5 million from vehicle finance leases utilized in client outsourcing arrangements are included in cost of revenue. Amortization costs of $5.6 million from all other finance leases are included in depreciation and amortization.

(2) Variable lease costs of $17.5 million from leases in client outsourcing arrangements are included in cost of revenue. Variable lease costs of $57.0 million from all other leases are included in operating, administrative and other.

Schedule of Weighted Average Remaining Lease Term and Discount Rate for Operating Leases

Weighted average remaining lease term and discount rate for our operating leases are as follows:

	December 31, 2019
Weighted-average remaining lease term:
Operating leases	9 years
Finance leases	3 years
Weighted-average discount rate:
Operating leases	3.4%
Finance leases	2.3%

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year as of December 31, 2019 are as follows (dollars in thousands):

	Operating Leases		Financing Leases
2020	$	175,958	$	35,532
2021		200,043		27,314
2022		178,314		19,264
2023		160,300		12,303
2024		148,681		4,628
Thereafter		569,360		—
Total remaining lease payments at December 31, 2019	$	1,432,656	$	99,041
Less: Interest		206,235		4,074
Present value of lease liabilities at December 31, 2019	$	1,226,421	$	94,967

Schedule by Year of Future Minimum Lease Payments for Noncancelable Operating Leases

As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018 and under the previous lease accounting standard, the following is a schedule by year of future minimum lease payments for noncancelable operating leases as of December 31, 2018 (dollars in thousands):

2019	$	238,954
2020		219,351
2021		202,205
2022		172,267
2023		145,705
Thereafter		510,741
Total minimum payment required	$	1,489,223

Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases

Supplemental cash flow information and non-cash activity related to our operating leases are as follows (dollars in thousands):

	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	167,652
Operating cash flows from financing leases		1,559
Financing cash flows from financing leases		32,352
Right-of-use assets obtained in exchange for new operating lease liabilities		168,972
Right-of-use assets obtained in exchange for new financing lease liabilities		63,041
Other non-cash increases in operating lease right-of-use assets (1)		47,851
Other non-cash decreases in finance lease right-of-use assets (1)		(1,826	)

(1) These noncash increases in right-of-use assets resulted from lease modifications and remeasurements.