Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Leases

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

Classification		March 31, 2020		December 31, 2019
Assets
Operating	Operating lease assets, net	$	210,254	$	209,717
Finance	Finance lease assets, net (1)	2,112		771
Total leased assets		$	212,366	$	210,488
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	22,982	$	22,775
Finance	Current finance lease liabilities (2)	753		510
Long-term lease liabilities
Operating	Long-term operating lease liabilities	228,232		225,014
Finance	Long-term finance lease liabilities (2)	1,382		281
Total lease liabilities		$	253,349	$	248,580

_____________________

(1) The finance lease assets are included in property and equipment, net in the Condensed Consolidated Balance Sheets.

(2) The current portion of the finance lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion was included in other long-term liabilities in the Condensed Consolidated Balance Sheets.

Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.4 million and $0.1 million for the first quarter of 2020 and 2019, respectively.

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):

	Fiscal Quarter Ended
	March 31, 2020		April 2, 2019
Cash paid for lease liabilities:
Operating leases	$	7,508	$	10,693
Finance leases	182		217
	$	7,690	$	10,910
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	5,724	$	3,161
Finance leases	1,604		50
	$	7,328	$	3,211

Future minimum lease payments required under existing leases as of March 31, 2020 are as follows (in thousands):

	Operating Leases		Finance Leases		Total
Remainder of 2020	$	32,784	$	670	$	33,454
2021	43,135		624		43,759
2022	42,968		482		43,450
2023	41,681		352		42,033
2024	39,572		143		39,715
Thereafter	160,751		37		160,788
Total lease payments	360,891		2,308		363,199
Less: Imputed interest	109,677		173		109,850
Present value of lease liabilities	$	251,214	$	2,135	$	253,349

Leases

Leases

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

Classification		March 31, 2020		December 31, 2019
Assets
Operating	Operating lease assets, net	$	210,254	$	209,717
Finance	Finance lease assets, net (1)	2,112		771
Total leased assets		$	212,366	$	210,488
Liabilities
Current lease liabilities
Operating	Current operating lease liabilities	$	22,982	$	22,775
Finance	Current finance lease liabilities (2)	753		510
Long-term lease liabilities
Operating	Long-term operating lease liabilities	228,232		225,014
Finance	Long-term finance lease liabilities (2)	1,382		281
Total lease liabilities		$	253,349	$	248,580

_____________________

(1) The finance lease assets are included in property and equipment, net in the Condensed Consolidated Balance Sheets.

(2) The current portion of the finance lease liabilities is included in accrued expenses and other current liabilities, and the long-term portion was included in other long-term liabilities in the Condensed Consolidated Balance Sheets.

Sublease income recognized in the Condensed Consolidated Statements of Operations was $0.4 million and $0.1 million for the first quarter of 2020 and 2019, respectively.

Supplemental disclosures of cash flow information related to leases are as follows (in thousands):

	Fiscal Quarter Ended
	March 31, 2020		April 2, 2019
Cash paid for lease liabilities:
Operating leases	$	7,508	$	10,693
Finance leases	182		217
	$	7,690	$	10,910
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	5,724	$	3,161
Finance leases	1,604		50
	$	7,328	$	3,211

Future minimum lease payments required under existing leases as of March 31, 2020 are as follows (in thousands):

	Operating Leases		Finance Leases		Total
Remainder of 2020	$	32,784	$	670	$	33,454
2021	43,135		624		43,759
2022	42,968		482		43,450
2023	41,681		352		42,033
2024	39,572		143		39,715
Thereafter	160,751		37		160,788
Total lease payments	360,891		2,308		363,199
Less: Imputed interest	109,677		173		109,850
Present value of lease liabilities	$	251,214	$	2,135	$	253,349