Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Lease Balances and Classification on Unaudited Condensed Consolidated Balance Sheet

The tables below present the lease balances and their classification in the accompanying unaudited condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018:

		September 30,
	Classification	2019
Assets:		(In thousands)
Operating leases	Right of use assets - operating	$	142,538
Financing leases	Other assets, net		3,622
Total lease assets		$	146,160
Liabilities:
Current
Operating leases	Operating lease obligations	$	3,914
Financing leases	Other accrued liabilities		710
Noncurrent
Operating leases	Long-term operating lease obligations		125,290
Financing leases	Other liabilities		2,974
Total lease liabilities		$	132,888

		December 31,
	Classification	2018
Assets:		(In thousands)
Favorable lease asset	Other intangible assets, net	$	13,961
Capital leases	Property and equipment, at cost		3,066
Capital leases, accumulated depreciation	Accumulated depreciation		(122	)
Total lease assets		$	16,905
Liabilities:
Current
Capital leases	Other accrued liabilities	$	143
Noncurrent
Capital leases	Other liabilities		2,822
Total lease liabilities		$	2,965

Schedule of Lease Costs and Classification on Unaudited Condensed Consolidated Statements of Comprehensive Income

The table below presents the lease costs and their classification in the accompanying unaudited condensed consolidated statements of comprehensive income for the three and nine months ended September 30, 2019:

	Classification	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
		(In thousands)
Operating lease cost	Operating expenses	$	4,890	$	11,671
Operating lease cost	Selling, general and administrative expenses		122		395
Financing lease cost
Amortization of leased assets	Depreciation and amortization		184		552
Interest on lease liabilities	Interest expense		35		112
Net lease cost		$	5,231	$	12,730

Schedule of Lease Maturities

The table below presents the Company’s lease maturities as of September 30, 2019:

	Operating leases
Years Ending December 31,	Land lease			Other operating leases			Total operating leases			Financing leases
	(In thousands)
Remainder of 2019	$	2,600		$	932		$	3,532		$	207
2020		10,401			3,619			14,020			825
2021		10,401			3,270			13,671			332
2022		10,401			2,273			12,674			208
2023		10,401			1,729			12,130			204
2024		10,401			1,572			11,973			201
Thereafter		244,431			2,993			247,424			2,593
Total lease payments		299,036			16,388			315,424			4,570
Less: Imputed interest		(183,512	)		(2,708	)		(186,220	)		(886	)
Present value of lease liabilities	$	115,524		$	13,680		$	129,204		$	3,684

Schedule of Future Minimum Lease Payments For Long-Term Non-Cancellable Operating and Financing Leases Under ASC 840

The table below presents the future minimum lease payments for long-term non-cancellable operating and financing leases under ASC 840 as of December 31, 2018:

Years Ending December 31,	Operating leases		Financing leases
	(In thousands)
2019	$	16,578	$	231
2020		14,179		226
2021		13,111		220
2022		11,416		208
2023		10,479		204
Thereafter		265,234		2,794
Total lease payments	$	330,997		3,883
Less: Interest				(918	)
Total principal payable on financing leases			$	2,965

Schedule of Weighted Average Remaining Lease Terms and Applicable Discount Rates

The table below presents the weighted average remaining lease terms and applicable discount rates as of September 30, 2019:

Weighted average remaining lease term (years):
Operating leases	26.32
Financing leases	14.55
Weighted average discount rate:
Operating leases	8.11	%
Financing leases	3.60	%

Schedule of Cash Flows and Supplemental Information Associated with Leasing Activities

The table below presents the cash flows and supplemental information associated with the Company’s leasing activities for the nine months ended September 30, 2019:

Cash paid for amounts included in the measurement of lease liabilities:	(In thousands)
Operating cash flows from operating leases	$	11,738
Operating cash flows from financing leases	$	112
Financing cash flows from financing leases	$	511
Right of use assets obtained in exchange for lease obligations:
Financing leases	$	1,230
Operating leases	$	133,297