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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases  
Schedule of Balance sheet information related to leases

 

 

 

 

 

 

 

    

 

    

As of June 30, 

(in thousands)

 

Classification

 

2019

Assets

 

  

 

 

  

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

104,632

Finance lease right-of-use assets

 

Other assets

 

 

614

Total lease assets

 

 

 

$

105,246

Liabilities

 

  

 

 

 

Current

 

  

 

 

 

Operating

 

Current portion of operating lease liabilities

 

$

30,592

Finance

 

Current portion of long-term debt

 

 

259

Noncurrent

 

  

 

 

 

Operating

 

Operating lease liabilities

 

 

85,046

Finance

 

Long-term debt, less current portion

 

 

368

Total lease liabilities

 

 

 

$

116,265

 

Schedule of lease expense

 

 

 

 

 

 

 

 

    

For the Three Months Ended

    

For the Six Months Ended

(in thousands)

 

June 30, 2019

 

June 30, 2019

Operating lease cost

 

$

10,794

 

$

21,630

Finance lease cost

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

75

 

 

150

Interest on lease liabilities

 

 

 6

 

 

12

Sublease income

 

 

(46)

 

 

(79)

Short-term lease cost

 

 

222

 

 

414

Variable lease cost

 

 

1,813

 

 

3,030

Total lease cost

 

$

12,864

 

$

25,157

 

Schedule of future minimum rental payments

 

 

 

 

 

 

 

 

 

 

 

    

Finance

    

Operating

    

 

 

(in thousands)

 

Leases

 

Leases

 

Total Leases

2019 (remainder of year)

 

$

150

 

$

15,873

 

$

16,023

2020

 

 

244

 

 

38,090

 

 

38,334

2021

 

 

172

 

 

28,788

 

 

28,960

2022

 

 

86

 

 

20,890

 

 

20,976

2023

 

 

14

 

 

13,711

 

 

13,725

2024

 

 

 —

 

 

7,287

 

 

7,287

Thereafter

 

 

 —

 

 

6,210

 

 

6,210

Total future minimum lease payments

 

 

666

 

 

130,849

 

 

131,515

Imputed interest

 

 

(39)

 

 

(15,211)

 

 

(15,250)

Total

 

$

627

 

$

115,638

 

$

116,265

 

Schedule of weighted average lease term and discount rates

 

 

 

 

 

    

For the Six Months Ended

 

 

 

June 30, 2019

 

Weighted average remaining lease term (years)

 

  

 

Operating leases

 

3.94

 

Finance leases

 

2.72

 

Weighted average discount rate

 

 

 

Operating leases

 

5.69

%

Finance leases

 

4.25

%

 

Schedule of supplemental cash flow information

 

 

 

 

 

    

For the Six Months Ended

(in thousands)

 

June 30, 2019

Cash flows for amounts included in the measurement of lease liabilities:

 

 

  

Operating cash flows from operating leases

 

$

22,704

Operating cash flows from finance leases

 

 

12

Financing cash flows from finance leases

 

 

156

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

Operating leases

 

 

19,699

Finance leases

 

 

209

 

Schedule of future minimum rental payments, by year and in the aggregate, under operating and financing obligations with terms of one year or more

 

 

 

 

 

 

 

 

 

Operating

 

Capital

(in thousands)

    

Leases

    

Leases

2019

 

$

39,378

 

$

249

2020

 

 

29,641

 

 

175

2021

 

 

21,303

 

 

109

2022

 

 

14,479

 

 

28

2023

 

 

9,193

 

 

 —

Thereafter

 

 

10,008

 

 

 —

 

 

$

124,002

 

$

561