LEASES (Tables)
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12 Months Ended |
Dec. 31, 2020 |
Leases [Abstract] |
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Lease, Cost |
The components of lease expense were as follows: | | | | | | | | | | | | | Year Ended | (In thousands) | December 31, 2020 | | December 31, 2019 | Operating lease cost | $ | 40,961 | | | $ | 37,229 | | | | | | Finance lease cost: | | | | Depreciation of finance leases | $ | 1,037 | | | $ | 812 | | Interest on lease liabilities | 468 | | | 498 | | Total finance lease cost | $ | 1,505 | | | $ | 1,310 | |
Supplemental cash flow information related to leases was as follows: | | | | | | | | | | | | | Year Ended | (In thousands) | December 31, 2020 | | December 31, 2019 | Cash used for operating activities: | | | | Operating cash flows used for operating leases | $ | (33,842) | | | $ | (30,665) | | Operating cash flows used for finance leases | (468) | | | (498) | | Non-cash activity: | | | | Right-of-use assets obtained in exchange for operating lease obligations | $ | 8,714 | | | $ | 36,033 | |
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Assets And Liabilities, Lessee |
Supplemental balance sheet information related to leases was as follows: | | | | | | | | | | | | | As of December 31, | (In thousands, except lease term and discount rate) | 2020 | | 2019 | Operating Leases | | | | Operating lease right-of-use assets, net | $ | 150,898 | | | $ | 165,490 | | | | | | Other current liabilities | $ | 27,263 | | | $ | 26,773 | | Long-term operating lease liability | 133,069 | | | 145,124 | | Total operating lease liabilities | $ | 160,332 | | | $ | 171,897 | | | | | | Finance Leases | | | | Property, plant, and equipment | $ | 15,561 | | | $ | 15,561 | | Accumulated depreciation | (6,570) | | | (5,533) | | Property, plant, and equipment, net | $ | 8,991 | | | $ | 10,028 | | | | | | Other current liabilities | $ | 945 | | | $ | 807 | | Other liabilities | 10,041 | | | 10,982 | | Total finance lease liabilities | $ | 10,986 | | | $ | 11,789 | | | | | | Weighted average remaining lease term | | | | Operating leases | 8.6 years | | 9.2 years | Finance leases | 8.7 years | | 9.7 years | Weighted average discount rate | | | | Operating leases | 3.67 | % | | 3.75 | % | Finance leases | 4.05 | % | | 4.05 | % |
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Lessee, Operating Lease, Liability, Maturity |
Maturities of lease liabilities were as follows: | | | | | | | | | | As of December 31, 2020 | (In thousands) | Operating Leases | Finance Leases | 2021 | $ | 33,630 | | $ | 1,375 | | 2022 | 27,451 | | 1,410 | | 2023 | 24,532 | | 1,445 | | 2024 | 21,515 | | 1,481 | | 2025 | 15,075 | | 1,518 | | Thereafter | 68,375 | | 5,893 | | Total lease payments | 190,578 | | 13,122 | | Less: imputed interest | (30,246) | | (2,136) | | Total | $ | 160,332 | | $ | 10,986 | |
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Finance Lease, Liability, Maturity |
Maturities of lease liabilities were as follows: | | | | | | | | | | As of December 31, 2020 | (In thousands) | Operating Leases | Finance Leases | 2021 | $ | 33,630 | | $ | 1,375 | | 2022 | 27,451 | | 1,410 | | 2023 | 24,532 | | 1,445 | | 2024 | 21,515 | | 1,481 | | 2025 | 15,075 | | 1,518 | | Thereafter | 68,375 | | 5,893 | | Total lease payments | 190,578 | | 13,122 | | Less: imputed interest | (30,246) | | (2,136) | | Total | $ | 160,332 | | $ | 10,986 | |
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