Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information for leases was as follows (in thousands):

	As of September 30, 2019
Lease assets:
Finance lease right-of-use assets, net:
Property and equipment, gross	$	374,494
Accumulated depreciation	(51,493		)
Property and equipment, net	323,001
Operating lease right-of-use assets	697,461
Total lease assets	$	1,020,462
Lease liabilities:
Finance lease liabilities:
Current portion of debt	$	34,603
Long-term debt	203,675
Total finance lease liabilities	238,278
Operating lease liabilities:
Current portion of operating lease liabilities	93,058
Long-term operating lease liabilities	620,570
Total operating lease liabilities	713,628
Total lease liabilities	$	951,906

Schedule of Lease Expense and Cash Flow Information

The components of lease expense were as follows (in thousands):

	Consolidated Statement of Comprehensive Income (Loss) Classification	Quarter Ended September 30, 2019		Nine Months Ended September 30, 2019
Lease costs:
Operating lease costs	Commission, transportation and other	$	19,057	$	57,170
Operating lease costs	Other operating expenses	6,930		20,791
Operating lease costs	Marketing, selling and administrative expenses	4,276		14,501
Finance lease costs:
Amortization of right-of-use-assets	Depreciation and amortization expenses	6,081		14,805
Interest on lease liabilities	Interest expense, net of interest capitalized	1,514		3,680
Total lease costs		$	37,858	$	110,947

Supplemental cash flow information related to leases is as follows (in thousands):

	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	94,125
Operating cash flows from finance leases	$	3,680
Financing cash flows from finance leases	$	19,009
Supplemental noncash information:
Right-of-use assets obtained in exchange for lease obligations:
Finance leases	$	122,237

Schedule of Lease Terms and Discount Rates

Weighted average of the remaining lease terms and weighted average discount rates are as follows:

	As of September 30, 2019
Weighted average of the remaining lease term
Operating leases	10.5 years
Finance leases	28.9 years
Weighted average discount rate
Operating leases	4.65	%
Finance leases	4.42	%

Schedule of Maturities, Operating Leases

As of September 30, 2019, maturities related to lease liabilities were as follows (in thousands):

Year	Operating Leases			Finance Leases
Remainder of 2019	$	30,765		$	17,209
2020	122,718			42,912
2021	109,984			45,803
2022	103,551			22,832
2023	101,442			11,891
Thereafter	492,553			414,098
Total lease payments	961,013			554,745
Less: Interest	(247,385		)	(316,467		)
Present value of lease liabilities	$	713,628		$	238,278

Under ASC 840, Leases, future minimum lease payments under noncancelable operating leases as of December 31, 2018 were as follows (in thousands):

Year
2019	$	67,682
2020	64,237
2021	56,142
2022	52,759
2023	52,522
Thereafter	383,974
	$	677,316

Schedule of Maturities, Financial Leases

As of September 30, 2019, maturities related to lease liabilities were as follows (in thousands):

Year	Operating Leases			Finance Leases
Remainder of 2019	$	30,765		$	17,209
2020	122,718			42,912
2021	109,984			45,803
2022	103,551			22,832
2023	101,442			11,891
Thereafter	492,553			414,098
Total lease payments	961,013			554,745
Less: Interest	(247,385		)	(316,467		)
Present value of lease liabilities	$	713,628		$	238,278