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

 

 

 

 

 

 

 

    

 

    

As of September 30, 

(in thousands)

 

Classification

 

2019

Assets

 

  

 

 

  

Operating lease right-of-use assets

 

Operating lease right-of-use assets

 

$

109,838

Finance lease right-of-use assets

 

Other assets

 

 

613

Total lease assets

 

 

 

$

110,451

Liabilities

 

  

 

 

 

Current

 

  

 

 

 

Operating

 

Current portion of operating lease liabilities

 

$

32,437

Finance

 

Current portion of long-term debt

 

 

261

Noncurrent

 

  

 

 

 

Operating

 

Operating lease liabilities

 

 

88,719

Finance

 

Long-term debt, less current portion

 

 

365

Total lease liabilities

 

 

 

$

121,782

 

Schedule of lease expense

 

 

 

 

 

 

 

 

    

For the Three Months Ended 

    

For the Nine Months Ended 

(in thousands)

 

September 30, 2019

 

September 30, 2019

Operating lease cost

 

$

11,238

 

$

32,868

Finance lease cost

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

75

 

 

225

Interest on lease liabilities

 

 

 6

 

 

18

Sublease income

 

 

(117)

 

 

(196)

Short-term lease cost

 

 

46

 

 

460

Variable lease cost

 

 

1,551

 

 

4,581

Total lease cost

 

$

12,799

 

$

37,956

 

Schedule of future minimum rental payments

 

 

 

 

 

 

 

 

 

 

 

    

Finance

    

Operating

    

 

 

(in thousands)

 

Leases

 

Leases

 

Total Leases

2019 (remainder of year)

 

$

77

 

$

5,900

 

$

5,977

2020

 

 

263

 

 

41,500

 

 

41,763

2021

 

 

191

 

 

32,093

 

 

32,284

2022

 

 

106

 

 

24,128

 

 

24,234

2023

 

 

26

 

 

16,181

 

 

16,207

2024

 

 

 —

 

 

8,963

 

 

8,963

Thereafter

 

 

 —

 

 

7,271

 

 

7,271

Total future minimum lease payments

 

 

663

 

 

136,036

 

 

136,699

Imputed interest

 

 

(37)

 

 

(14,880)

 

 

(14,917)

Total

 

$

626

 

$

121,156

 

$

121,782

 

Schedule of weighted average lease term and discount rates

 

 

 

 

 

 

September 30, 2019

 

Weighted average remaining lease term (years)

 

  

 

Operating leases

 

4.01

 

Finance leases

 

2.70

 

Weighted average discount rate

 

 

 

Operating leases

 

5.45

%

Finance leases

 

4.22

%

 

Schedule of supplemental cash flow information

 

 

 

 

 

    

For the Nine Months Ended 

(in thousands)

 

September 30, 2019

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

 

 

  

Operating cash flows from operating leases

 

$

33,523

Operating cash flows from finance leases

 

 

18

Financing cash flows from finance leases

 

 

233

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

 

 

 

Operating leases

 

 

34,355

Finance leases

 

 

282

 

Schedule of future minimum rental payments, by year and in the aggregate, under operating and financing obligations

 

 

 

 

 

 

 

 

 

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