Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Supplemental Balance Sheet Information

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


	As of December 31, 2020		As of December 31, 2019
Lease assets:
Finance lease right-of-use assets, net:
Property and equipment, gross	$	364,910	$	376,159
Accumulated depreciation	(71,288)		(57,955)
Property and equipment, net	293,622		318,204
Operating lease right-of-use assets	599,985		687,555
Total lease assets	$	893,607	$	1,005,759
Lease liabilities:
Finance lease liabilities:
Current portion of debt	51,856		33,561
Long-term debt	161,509		196,697
Total finance lease liabilities	213,365		230,258
Operating lease liabilities:
Current portion of operating lease liabilities	102,677		96,976
Long-term operating lease liabilities	563,876		601,641
Total operating lease liabilities	666,553		698,617
Total lease liabilities	$	879,918	$	928,875

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	Year ended December 31, 2020		Year ended December 31, 2019
Lease costs:
Operating lease costs	Commission, transportation and other	$	38,349	$	76,226
Operating lease costs	Other operating expenses	30,955		27,868
Operating lease costs	Marketing, selling and administrative expenses	21,971		18,837
Finance lease costs:
Amortization of right-of-use-assets	Depreciation and amortization expenses	6,901		22,044
Interest on lease liabilities	Interest expense, net of interest capitalized	4,429		8,355
Total lease costs		$	102,605	$	153,330

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


	As of December 31, 2020		As of December 31, 2019
Weighted average of the remaining lease term
Operating leases	7.8		10.3
Finance leases	41.2		30.22
Weighted average discount rate
Operating leases	4.59	%	4.65	%
Finance leases	6.89	%	4.47	%

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


	Year ended December 31, 2020		Year ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	89,179	$	125,307
Operating cash flows from finance leases	$	4,429	$	8,355
Financing cash flows from finance leases	$	19,778	$	32,090

Schedule of Maturities, Financing Leases

As of December 31, 2020, maturities related to lease liabilities were as follows (in thousands):


Years	Operating Leases		Finance Leases

2021	$	124,108	$	62,501
2022	117,698		23,822
2023	109,125		12,789
2024	81,696		12,529
2025	72,123		12,566
Thereafter	368,666		395,007
Total lease payments	873,416		519,214
Less: Interest	(206,863)		(305,849)
Present value of lease liabilities	$	666,553	$	213,365

Schedule of Maturities, Operating Leases

As of December 31, 2020, maturities related to lease liabilities were as follows (in thousands):


Years	Operating Leases		Finance Leases

2021	$	124,108	$	62,501
2022	117,698		23,822
2023	109,125		12,789
2024	81,696		12,529
2025	72,123		12,566
Thereafter	368,666		395,007
Total lease payments	873,416		519,214
Less: Interest	(206,863)		(305,849)
Present value of lease liabilities	$	666,553	$	213,365

Under ASC 840, Leases, future minimum lease payments under noncancelable operating leases, primarily for offices, warehouses and motor vehicles, 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