Leases

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended				Nine Months Ended
	September 30				September 30
(In thousands)	2020		2019		2020		2019
Finance leases:
Amortization expense	$	377	$	325	$	1,115	$	911
Interest on lease liabilities	43		27		139		68
Operating leases	8,558		4,391		21,745		11,518
Variable and short-term lease expense	11,572		6,759		29,169		16,367
Sublease income	(51)		—		(150)		—
Total lease expense from continuing operations	$	20,499	$	11,502	$	52,018	$	28,864

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended
	September 30
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	20,512	$	10,881
Cash flows from financing activities - Finance leases	997		953
ROU assets obtained in exchange for lease obligations:
Operating leases (a)	$	62,507	$	57,607
Finance leases	1,613		1,671

(a)     Cash flows for the nine months ended September 30, 2020 include ROU assets of approximately $56 million that were recorded upon the acquisition of ESOL. Cash flows for nine months ended September 30, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and approximately $21 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)	September 30 2020		December 31 2019
Operating Leases:
Operating lease ROU assets	$	96,800	$	52,065
Current portion of operating lease liabilities	26,577		$	12,544
Operating lease liabilities	67,995		36,974
Finance Leases:
Property, plant and equipment, net	$	4,179	$	3,519
Current maturities of long-term debt	1,335		$	1,237
Long-term debt	2,903		2,218

Supplemental additional information related to leases was as follows:

	September 30 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	8.10		11.57
Weighted average remaining lease term - Finance leases (in years)	3.73		4.01
Weighted average discount rate - Operating leases	6.1	%	6.3	%
Weighted average discount rate - Finance leases	4.1	%	4.2	%

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases		Finance Leases
Year Ending December 31:
2020 (excluding the nine months ended September 30, 2020)	$	8,126	$	361
2021	27,315		1,330
2022	20,639		1,072
2023	15,818		869
2024	10,655		702
After 2024	41,421		113
Total lease payments	123,974		4,447
Less: Imputed interest	(29,402)		(209)
Total	$	94,572	$	4,238

The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30 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

September 30, 2020, the Company had additional operating leases for property and equipment that have not yet commenced with estimated ROU assets and lease liabilities of $4.6 million to be recognized upon the anticipated lease commencements in the fourth quarter of 2020 There are no material residual value guarantees or material restrictive covenants.

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended				Nine Months Ended
	September 30				September 30
(In thousands)	2020		2019		2020		2019
Finance leases:
Amortization expense	$	377	$	325	$	1,115	$	911
Interest on lease liabilities	43		27		139		68
Operating leases	8,558		4,391		21,745		11,518
Variable and short-term lease expense	11,572		6,759		29,169		16,367
Sublease income	(51)		—		(150)		—
Total lease expense from continuing operations	$	20,499	$	11,502	$	52,018	$	28,864

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended
	September 30
(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities - Operating leases	$	20,512	$	10,881
Cash flows from financing activities - Finance leases	997		953
ROU assets obtained in exchange for lease obligations:
Operating leases (a)	$	62,507	$	57,607
Finance leases	1,613		1,671

(a)     Cash flows for the nine months ended September 30, 2020 include ROU assets of approximately $56 million that were recorded upon the acquisition of ESOL. Cash flows for nine months ended September 30, 2019 include ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and approximately $21 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)	September 30 2020		December 31 2019
Operating Leases:
Operating lease ROU assets	$	96,800	$	52,065
Current portion of operating lease liabilities	26,577		$	12,544
Operating lease liabilities	67,995		36,974
Finance Leases:
Property, plant and equipment, net	$	4,179	$	3,519
Current maturities of long-term debt	1,335		$	1,237
Long-term debt	2,903		2,218

Supplemental additional information related to leases was as follows:

	September 30 2020		December 31 2019
Other information:
Weighted average remaining lease term - Operating leases (in years)	8.10		11.57
Weighted average remaining lease term - Finance leases (in years)	3.73		4.01
Weighted average discount rate - Operating leases	6.1	%	6.3	%
Weighted average discount rate - Finance leases	4.1	%	4.2	%

Maturities of lease liabilities were as follows:

(In thousand)	Operating Leases		Finance Leases
Year Ending December 31:
2020 (excluding the nine months ended September 30, 2020)	$	8,126	$	361
2021	27,315		1,330
2022	20,639		1,072
2023	15,818		869
2024	10,655		702
After 2024	41,421		113
Total lease payments	123,974		4,447
Less: Imputed interest	(29,402)		(209)
Total	$	94,572	$	4,238

The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30 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

September 30, 2020, the Company had additional operating leases for property and equipment that have not yet commenced with estimated ROU assets and lease liabilities of $4.6 million to be recognized upon the anticipated lease commencements in the fourth quarter of 2020 There are no material residual value guarantees or material restrictive covenants.