Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended				Six Months Ended
(In thousands)	June 30 2020		June 30 2019		June 30 2020		June 30 2019
Finance leases:
Amortization expense	$	367	$	312	$	738	$	586
Interest on lease liabilities	44		37		96		41
Operating leases	8,904		3,435		13,188		7,127
Variable and short-term lease expense	10,485		4,818		17,596		9,609
Sublease income	(48)		—		(98)		—
Total lease expense from continuing operations	$	19,752	$	8,602	$	31,520	$	17,363

Supplemental cash flow information related to leases was as follows:

	Six Months Ended
(In thousands)	June 30 2020		June 30 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	12,384	$	6,743
Cash flows from financing activities - Finance leases	663		637
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (a)	$	67,534	$	50,696
Finance leases	1,234		1,692

(a)  Cash flows for the six months ended June 30, 2020 include ROU assets of approximately $56.0 million that were recorded upon the acquisition of ESOL. Cash flows for six months ended June 30, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and $14.4 million that were recorded upon the acquisition of Clean Earth. See Note 3, Acquisitions and Dispositions, for additional information..

Supplemental balance sheet information related to leases was as follows: 

(In thousands)	June 30 2020		December 31 2019
Operating Leases:
Operating lease right-of-use assets	$	101,743	$	52,065
Current portion of operating lease liabilities	27,850		$	12,544
Operating lease liabilities	71,553		36,974
Finance Leases:
Property, plant and equipment, net	$	3,891	$	3,519
Current maturities of long-term debt	1,289		$	1,237
Long-term debt	2,735		2,218

Supplemental additional information related to leases is as follows:

	June 30 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	8.33		11.57
Weighted average remaining lease term - Finance leases (in years)	3.77		4.01
Weighted average discount rate - Operating leases	6.1	%	6.3	%
Weighted average discount rate - Finance leases	4.2	%	4.2	%

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases		Finance Leases
Year Ending December 31st:
2020 (excluding the six months ended June 30, 2020)	$	16,446	$	691
2021	27,125		1,208
2022	20,395		949
2023	15,786		749
2024	10,735		587
After 2024	41,421		43
Total lease payments	131,908		4,227
Less: Imputed interest	(32,505)		(203)
Total	$	99,403	$	4,024

The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.3 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

June 30, 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				Six Months Ended
(In thousands)	June 30 2020		June 30 2019		June 30 2020		June 30 2019
Finance leases:
Amortization expense	$	367	$	312	$	738	$	586
Interest on lease liabilities	44		37		96		41
Operating leases	8,904		3,435		13,188		7,127
Variable and short-term lease expense	10,485		4,818		17,596		9,609
Sublease income	(48)		—		(98)		—
Total lease expense from continuing operations	$	19,752	$	8,602	$	31,520	$	17,363

Supplemental cash flow information related to leases was as follows:

	Six Months Ended
(In thousands)	June 30 2020		June 30 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	12,384	$	6,743
Cash flows from financing activities - Finance leases	663		637
Right-of-use assets obtained in exchange for lease obligations:
Operating leases (a)	$	67,534	$	50,696
Finance leases	1,234		1,692

(a)  Cash flows for the six months ended June 30, 2020 include ROU assets of approximately $56.0 million that were recorded upon the acquisition of ESOL. Cash flows for six months ended June 30, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and $14.4 million that were recorded upon the acquisition of Clean Earth. See Note 3, Acquisitions and Dispositions, for additional information..

Supplemental balance sheet information related to leases was as follows: 

(In thousands)	June 30 2020		December 31 2019
Operating Leases:
Operating lease right-of-use assets	$	101,743	$	52,065
Current portion of operating lease liabilities	27,850		$	12,544
Operating lease liabilities	71,553		36,974
Finance Leases:
Property, plant and equipment, net	$	3,891	$	3,519
Current maturities of long-term debt	1,289		$	1,237
Long-term debt	2,735		2,218

Supplemental additional information related to leases is as follows:

	June 30 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	8.33		11.57
Weighted average remaining lease term - Finance leases (in years)	3.77		4.01
Weighted average discount rate - Operating leases	6.1	%	6.3	%
Weighted average discount rate - Finance leases	4.2	%	4.2	%

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases		Finance Leases
Year Ending December 31st:
2020 (excluding the six months ended June 30, 2020)	$	16,446	$	691
2021	27,125		1,208
2022	20,395		949
2023	15,786		749
2024	10,735		587
After 2024	41,421		43
Total lease payments	131,908		4,227
Less: Imputed interest	(32,505)		(203)
Total	$	99,403	$	4,024

The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.3 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

June 30, 2020 the Company had no material operating leases that had not yet commenced. There are no material residual value guarantees or material restrictive covenants.