Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended
(In thousands)	March 31 2020			March 31 2019
Finance leases:
Amortization expense	$	371		$	310
Interest on lease liabilities	52			4
Operating leases	4,284			3,693
Short-term leases	6,703			4,571
Variable lease expense	408			219
Sublease income	(50		)	(49		)
Total lease expense from continuing operations	$	11,768		$	8,748

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
(In thousands)	March 31 2020		March 31 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	3,789	$	3,552
Cash flows from financing activities - Finance leases	324		363
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (a)	$	2,217	$	34,750
Finance leases	1,234		373

(a) Cash flows for Three Months Ended March 31, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019.

Supplemental balance sheet information related to leases was as follows: 

(In thousands)	March 31 2020		December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	50,491	$	52,065
Current portion of operating lease liabilities	12,421		$	12,544
Operating lease liabilities	35,561		36,974
Finance Leases:
Property, plant and equipment, net	$	4,291	$	3,519
Current maturities of long-term debt	1,346		$	1,237
Long-term debt	2,984		2,218

Supplemental additional information related to leases is as follows:

	March 31 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	11.81		11.57
Weighted average remaining lease term - Finance leases (in years)	3.89		4.01
Weighted average discount rate - Operating leases	6.3	%	6.3	%
Weighted average discount rate - Finance leases	4.3	%	4.2	%

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases			Finance Leases
Year Ending December 31st:
2020 (excluding the three months ended March 31, 2020)	$	11,458		$	1,069
2021	11,527			1,198
2022	7,615			941
2023	5,369			748
2024	3,210			587
After 2024	32,018			43
Total lease payments	71,197			4,586
Less: Imputed interest	(23,215		)	(256		)
Total	$	47,982		$	4,330

The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.6 years, some of which include options to extend for up to 10 years, and some of which include options to terminate within one year. As of

March 31, 2020 the Company had no material operating leases that had not yet commenced. There are no material residual value guarantees or material restrictive covenants.

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended
(In thousands)	March 31 2020			March 31 2019
Finance leases:
Amortization expense	$	371		$	310
Interest on lease liabilities	52			4
Operating leases	4,284			3,693
Short-term leases	6,703			4,571
Variable lease expense	408			219
Sublease income	(50		)	(49		)
Total lease expense from continuing operations	$	11,768		$	8,748

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
(In thousands)	March 31 2020		March 31 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	3,789	$	3,552
Cash flows from financing activities - Finance leases	324		363
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (a)	$	2,217	$	34,750
Finance leases	1,234		373

(a) Cash flows for Three Months Ended March 31, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019.

Supplemental balance sheet information related to leases was as follows: 

(In thousands)	March 31 2020		December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	50,491	$	52,065
Current portion of operating lease liabilities	12,421		$	12,544
Operating lease liabilities	35,561		36,974
Finance Leases:
Property, plant and equipment, net	$	4,291	$	3,519
Current maturities of long-term debt	1,346		$	1,237
Long-term debt	2,984		2,218

Supplemental additional information related to leases is as follows:

	March 31 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	11.81		11.57
Weighted average remaining lease term - Finance leases (in years)	3.89		4.01
Weighted average discount rate - Operating leases	6.3	%	6.3	%
Weighted average discount rate - Finance leases	4.3	%	4.2	%

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases			Finance Leases
Year Ending December 31st:
2020 (excluding the three months ended March 31, 2020)	$	11,458		$	1,069
2021	11,527			1,198
2022	7,615			941
2023	5,369			748
2024	3,210			587
After 2024	32,018			43
Total lease payments	71,197			4,586
Less: Imputed interest	(23,215		)	(256		)
Total	$	47,982		$	4,330

The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.6 years, some of which include options to extend for up to 10 years, and some of which include options to terminate within one year. As of

March 31, 2020 the Company had no material operating leases that had not yet commenced. There are no material residual value guarantees or material restrictive covenants.