Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

The Company’s total lease expense is comprised of the following:

	Three Months Ended			Nine Months Ended
(In Thousands)	September 30, 2019			September 30, 2019
Finance Lease Cost:
Amortization of Right-of-Use Assets	$	396		$	1,302
Interest on Lease Liabilities	83			296
Total Finance Lease Cost:	479			1,598
Operating Lease Cost:
Operating Lease Cost Classified within Operating Expenses1	27,647			84,789
Operating Lease Cost Classified within Restructuring Expenses, Net	881			2,521
Sublease Receipts	(628		)	(2,399		)
Total Operating Lease Cost:	27,900			84,911
Total Lease Cost	$	28,379		$	86,509

¹ Includes short-term and variable lease costs, which are not significant.

Supplemental Cash Flow Information

Additional information regarding the Company’s leasing activities as a lessee is as follows:

	Nine Months Ended
(In Thousands)	September 30, 2019
Cash Paid for Amounts Included in Measurement of Lease Liabilities:
Operating Cash Flows for Finance Leases	$	345
Operating Cash Flows for Operating Leases	91,333
Financing Cash Flows for Finance Leases	1,971
Total Cash Paid for Amounts Included in Measurement of Lease Liabilities	93,649
Right-of-Use Assets Obtained in Exchange for New Finance Lease Liabilities	—
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities, Net of Exercised Early Lease Termination Options	$	27,185

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases is as follows:

(In Thousands)	Balance Sheet Classification	September 30, 2019
Assets
Operating Lease Assets	Operating Lease Right-of-Use Assets	$	330,508
Finance Lease Assets	Property, Plant and Equipment, Net	1,018
Total Lease Assets		$	331,526
Liabilities
Operating Lease Liabilities	Operating Lease Liabilities	$	374,443
Finance Lease Liabilities	Debt	3,192
Total Lease Liabilities		$	377,635

Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term

Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s finance and operating leases:

	Weighted Average Discount Rate1		Weighted Average Remaining Lease Term (in years)
Finance Leases	5.8	%	1.3
Operating Leases	3.6	%	5.0

¹ Upon adoption of ASC 842, discount rates for existing operating leases were established as of January 1, 2019.

Operating Lease, Liability, Maturity

The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the condensed consolidated balance sheet.

(In Thousands)	Operating Leases		Finance Leases		Total
2019	$	27,105	$	561	$	27,666
2020	108,113		2,001		110,114
2021	85,651		841		86,492
2022	65,160		83		65,243
2023	44,363		—		44,363
Thereafter	78,980		—		78,980
Total Undiscounted Cash Flows	409,372		3,486		412,858
Less: Interest	34,929		294		35,223
Present Value of Lease Liabilities	$	374,443	$	3,192	$	377,635

Finance Lease, Liability, Maturity

The table also includes a reconciliation of the future undiscounted cash flows to the present value of the finance and operating lease liabilities included in the condensed consolidated balance sheet.

(In Thousands)	Operating Leases		Finance Leases		Total
2019	$	27,105	$	561	$	27,666
2020	108,113		2,001		110,114
2021	85,651		841		86,492
2022	65,160		83		65,243
2023	44,363		—		44,363
Thereafter	78,980		—		78,980
Total Undiscounted Cash Flows	409,372		3,486		412,858
Less: Interest	34,929		294		35,223
Present Value of Lease Liabilities	$	374,443	$	3,192	$	377,635