Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Assets And Liabilities, Lessee

Lease related assets and liabilities are recorded on the balance sheet as follows (in thousands):

	Classification on the Balance Sheet	March 31, 2019
Assets
Operating lease assets	Operating Lease Right-of-Use Assets, Net	$	133,365
Finance lease assets	Property and Equipment, Net	3,647
Total lease assets		$	137,012
Liabilities
Current
Operating	Operating lease liabilities, current portion	$	35,210
Finance [1]	Current portion of finance liabilities, long-term debt and non-recourse debt	1,519
Noncurrent
Operating	Operating Lease Liabilities	102,238
Finance [1]	Finance Lease Liabilities	4,179
Total lease liabilities		$	143,146

[1] Also refer to Note 11 - Debt.

Lease, Cost

Certain information related to the lease costs for finance and operating leases is presented as follows (in thousands):

	Three Months Ended March 31, 2019
Operating lease cost	$	12,492
Finance lease cost:
Amortization of right-of-use assets	256
Interest on lease liabilities	113
Total finance lease cost	369
Short-term lease cost	1,915
Total Lease Cost	$	14,776
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	12,616
Operating cash flows for finance leases	$	113
Financing activities for finance leases	$	394
Right-of-use assets obtained in exchange for new operating lease liabilties	$	3,164
Weighted average remaining lease term:
Operating leases	7.3 years
Finance leases	3.4 years
Weighted average discount rate:
Operating leases [1]	4.71		%
Finance leases	8.27		%

[1] Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.

Lessee, Operating Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of March 31, 2019 (in thousands).

	Operating Leases			Finance Leases
2019	$	31,919		$	1,450
2020	30,134			1,934
2021	21,376			1,936
2022	16,054			1,234
2023	13,430			—
Thereafter	51,675			—
Total minimum lease payments	164,588			6,554
Less: amount of lease payment representing interest	(27,140		)	(856		)
Present value of future minimum lease payments	137,448			5,698
Less: current obligations under leases	(35,210		)	(1,519		)
Long-term lease obligations	$	102,238		$	4,179

Finance Lease, Liability, Maturity

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet as of March 31, 2019 (in thousands).

	Operating Leases			Finance Leases
2019	$	31,919		$	1,450
2020	30,134			1,934
2021	21,376			1,936
2022	16,054			1,234
2023	13,430			—
Thereafter	51,675			—
Total minimum lease payments	164,588			6,554
Less: amount of lease payment representing interest	(27,140		)	(856		)
Present value of future minimum lease payments	137,448			5,698
Less: current obligations under leases	(35,210		)	(1,519		)
Long-term lease obligations	$	102,238		$	4,179