Lease Accounting (Tables)

3 Months Ended

Mar. 31, 2020

The components of lease expense for the three month periods ended March 31, 2020 and 2019 are as follows (in thousands):

	Three months ended March 31,
	2020		2019

Operating lease cost	$	18,115	$	18,079
Variable and short term lease cost (a)		10,178		8,046
Total lease cost	$	28,293	$	26,125

Finance lease cost:
Amortization of right-of-use-assets	$	496	$	481
Interest on lease liabilities		456		484
Total finance lease cost	$	952	$	965

(a)

Includes equipment, month-to-month and leases with a maturity of less than 12 months.

Supplemental cash flow information related to leases for the three month periods ended March 31, 2020 and 2019 are as follows (in thousands):

	Three months ended March 31,
	2020		2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	28,227	$	25,884
Operating cash flows from finance leases	$	489	$	575
Financing cash flows from finance leases	$	628	$	433

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	29,112	$	355,981

Supplemental balance sheet information related to leases as of March 31, 2020 and December 31, 2019 are as follows (in thousands):

	March 31,			December 31,
	2020			2019

Operating Leases
Right of use assets-operating leases	$	341,264		$	326,518

Operating lease liabilities	$	57,772		$	56,442
Operating lease liabilities noncurrent		284,008			270,076
Total operating lease liabilities	$	341,780		$	326,518

Finance Leases
Property and equipment	$	40,206		$	38,582
Accumulated depreciation		(27,107	)		(26,610	)
Property and equipment, net	$	13,099		$	11,972

Current maturities of long-term debt	$	2,021		$	1,650
Long-term debt		17,138			16,359
Total finance lease liabilities	$	19,159		$	18,009

Weighted Average remaining lease term, years
Operating leases		9.6			9.7
Finance leases		6.5			6.9

Weighted Average discount rate
Operating leases		4.6	%		4.7	%
Finance leases		9.5	%		9.8	%

Future maturities of lease liabilities as of March 31, 2020 are as follows (in thousands):