Leases and Other (Tables)

3 Months Ended

Mar. 31, 2020

Summary of Balance Sheet Presentation of Operating and Finance Leases

The balance sheet presentation of our operating and finance leases is as follows:

		March 31,		December 31,
(in thousands)	Classification on the Condensed Consolidated Balance Sheet	2020		2019
Assets:
Operating lease assets	Operating lease right-of-use assets	$	96,719	$	103,314
Finance lease assets	Property and equipment, net		22,956		25,350
Total lease assets		$	119,675	$	128,664

Liabilities:
Current:
Operating lease obligations	Operating lease obligations	$	20,708	$	22,180
Finance lease obligations	Current portion of debt and finance lease obligations		3,025		3,386
Noncurrent:
Operating lease obligations	Long-term operating lease obligations		78,685		82,851
Finance lease obligations	Long-term debt and finance lease obligations		19,724		21,871
Total lease liabilities		$	122,142	$	130,288

Components of Lease Expense

The components of lease expense consisted of the following:

	Three Months Ended
	March 31,
(in thousands)	2020		2019
Finance lease cost:
Amortization of right-of-use assets	$	918	$	589
Interest on lease liabilities		417		67
Operating lease cost		6,727		5,992
Short-term lease cost		310		215
Variable lease cost		1,699		1,815
Sublease income⁽¹⁾		—		(172	)
Total lease cost, net	$	10,071	$	8,506

⁽¹⁾ Sublease income excludes rental income from owned assets, which is recorded in revenue.

Schedule of Other Information Related to Operating and Finance Leases

Other information related to operating and finance leases are as follows:

	Three Months Ended
	March 31,
(in thousands)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,529		$	6,198
Operating cash flows from finance leases	$	160		$	67
Financing cash flows from finance leases	$	777		$	522
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	779		$	11,439
Finance leases	$	730		$	1,182

	March 31,			December 31,
	2020			2019
Weighted-average remaining lease term (years):
Operating leases		8.21			8.17
Finance leases		13.24			14.01
Weighted-average discount rate:
Operating leases		5.74	%		5.77	%
Finance leases		7.77	%		7.73	%

Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components

As of March 31, 2020, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows:

(in thousands)	Operating Leases			Finance Leases			Total
Remainder of 2020	$	18,496		$	3,680		$	22,176
2021		19,571			4,181			23,752
2022		16,152			3,687			19,839
2023		13,159			3,166			16,325
2024		9,959			2,468			12,427
Thereafter		54,919			22,550			77,469
Total future lease payments		132,256			39,732			171,988
Less: Amount representing interest		(32,863	)		(16,983	)		(49,846	)
Present value of minimum lease payments		99,393			22,749			122,142
Current portion		20,708			3,025			23,733
Long-term portion	$	78,685		$	19,724		$	98,409

Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases

As of March 31, 2020, the estimated future minimum rentals under non-cancellable leases, which includes rental income from facilities that we own, are as follows:

(in thousands)
Remainder of 2020	$	1,516
2021		1,839
2022		1,515
2023		1,329
2024		1,091
Thereafter		4,789
Total minimum rents	$	12,079