Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Leases

NOTE 10 – Leases

The Company leases certain assets used in its business, including land, buildings and equipment.  These leased assets are used for operational and administrative purposes.

The components of lease expense are set forth in the table below:

	Three Months Ended
	March 31, 2019
Operating lease expense	$	3,704
Finance lease expense:
Amortization of assets		244
Interest on lease liabilities		15
Short-term lease expense		36
Variable lease expense		618
Total lease expense	$	4,617

The table below sets forth supplemental balance sheet information related to leases:

	March 31, 2019
Operating leases:
Operating lease ROU assets	$64,277
Current operating lease liabilities	11,738
Noncurrent operating lease liabilities	34,817
Total operating lease liabilities	$46,555
Finance leases:
Finance lease ROU assets	$3,395
Accumulated amortization	(1,191)
Finance lease ROU assets, net	$2,204
Current finance lease liabilities	$1,012
Non-current finance lease liabilities	818
Total finance lease obligations	$1,830
Weighted average remaining lease term (in years):
Operating leases	5.0
Finance leases	1.9
Weighted average discount rate:
Operating leases	3.8%
Finance leases	3.7%

The table below sets forth supplemental cash flow and other information related to leases:

	Three Months Ended
	March 31, 2019
Cash paid for the amounts included in the measurements of lease liabilities:
Operating cash outflows from operating leases	$4,277
Operating cash outflows from finance leases	15
Financing cash outflow from finance leases	293
ROU assets obtained in exchange for lease liabilities incurred:
Operating leases	86

The table below sets forth information about lease liability maturities:

	March 31, 2019
	Operating Leases	Finance Leases
Remainder of 2019	$10,079	$821
2020	12,756	922
2021	8,765	139
2022	7,486	–
2023	4,662	–
2024	2,491	–
2025 and thereafter	5,028	–
Total lease payments	51,267	1,882
Less: imputed interest	(4,712)	(52)
Total lease obligations	46,555	1,830
Less: current obligations	(11,738)	(1,012)
Long-term lease obligations	$34,817	$818