Leases (Tables)

9 Months Ended

Sep. 30, 2019

We recognize operating lease cost on a straight-line basis over the lease term for both (i) leases that are recognized on the balance sheet and (ii) short-term leases. We recognize lease cost related to variable lease payments that are not recognized on the balance sheet in the period in which the obligation is incurred. The following table details the components of our lease cost (in thousands):



	Three Months Ended			Nine Months Ended
	September 30, 2019			September 30, 2019

Operating lease cost	$	18,002		$	54,191
Variable lease cost	3,630			9,927
Short-term lease cost	5,587			14,549
Sublease income	(351		)	(1,077		)
Net lease cost	$	26,868		$	77,590

Schedule of maturities of operating lease liabilities

Maturities of our operating lease liabilities as of September 30, 2019 are as follows (in thousands):



	Vessels			Facilities and Equipment			Total

Remainder of 2019	$	15,416		$	1,717		$	17,133
2020	59,942			6,391			66,333
2021	54,481			5,694			60,175
2022	52,105			5,103			57,208
2023	34,580			4,522			39,102
Thereafter	2,470			10,163			12,633
Total lease payments	$	218,994		$	33,590		$	252,584
Less: imputed interest	(28,272		)	(6,711		)	(34,983		)
Total operating lease liabilities	$	190,722		$	26,879		$	217,601

Current operating lease liabilities	$	47,914		$	4,926		$	52,840
Non-current operating lease liabilities	142,808			21,953			164,761
Total operating lease liabilities	$	190,722		$	26,879		$	217,601

Schedule of weighted average remaining lease term and discount rate

The following table presents the weighted average remaining lease term and discount rate:



	September 30, 2019

Weighted average remaining lease term	4.2 years
Weighted average discount rate	7.54	%

Schedule of other information related to operating leases

The following table presents other information related to our operating leases (in thousands):



	Nine Months Ended
	September 30, 2019

Cash paid for operating lease liabilities	$	54,538
ROU assets obtained in exchange for new operating lease obligations	921

Schedule of future minimum operating lease payments

As previously disclosed in our 2018 Form 10-K and under the previous lease accounting standard, future minimum lease payments for our operating leases as of December 31, 2018 were as follows (in thousands):



	Vessels		Facilities and Equipment		Total

2019	$	116,620	$	5,881	$	122,501
2020	96,800		5,340		102,140
2021	89,216		5,185		94,401
2022	90,371		5,064		95,435
2023	51,266		4,533		55,799
Thereafter	—		10,448		10,448
Total lease payments	$	444,273	$	36,451	$	480,724