Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease Related Assets and Liabilities

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

	Classification on the Balance Sheet	June 30, 2019
Assets
Operating lease assets	Operating Lease Right-of-Use Assets, Net	$	132,016
Finance lease assets	Property and Equipment, Net	3,391
Total lease assets		$	135,407
Liabilities
Current
Operating	Operating lease liabilities, current portion	$	32,077
Finance [1]	Current portion of finance liabilities, long-term debt and non-recourse debt	1,550
Noncurrent
Operating	Operating Lease Liabilities	102,844
Finance [1]	Finance Lease Liabilities	3,779
Total lease liabilities		$	140,250

[1] Also refer to Note 11 - Debt.

Lease Cost Information

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

	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	$	11,738		$	24,230
Finance lease cost:
Amortization of right-of-use assets	256			512
Interest on lease liabilities	68			181
Total finance lease cost	324			693
Short-term lease cost	1,640			3,555
Total Lease Cost	$	13,702		$	28,478
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	12,400		$	25,016
Operating cash flows for finance leases	$	68		$	181
Financing activities for finance leases	$	396		$	790
Right-of-use assets obtained in exchange for new operating lease liabilties	$	3,154		$	6,318
Weighted average remaining lease term:
Operating leases	7.3 years
Finance leases	3.4 years
Weighted average discount rate:
Operating leases	4.74		%
Finance leases	8.27		%

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 June 30, 2019 (in thousands).

	Operating Leases			Finance Leases
2019	$	20,548		$	965
2020	31,861			1,934
2021	24,100			1,936
2022	17,521			1,234
2023	14,189			—
Thereafter	53,661			—
Total minimum lease payments	161,880			6,069
Less: amount of lease payment representing interest	(26,959		)	(740		)
Present value of future minimum lease payments	134,921			5,329
Less: current obligations under leases	(32,077		)	(1,550		)
Long-term lease obligations	$	102,844		$	3,779

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 June 30, 2019 (in thousands).

	Operating Leases			Finance Leases
2019	$	20,548		$	965
2020	31,861			1,934
2021	24,100			1,936
2022	17,521			1,234
2023	14,189			—
Thereafter	53,661			—
Total minimum lease payments	161,880			6,069
Less: amount of lease payment representing interest	(26,959		)	(740		)
Present value of future minimum lease payments	134,921			5,329
Less: current obligations under leases	(32,077		)	(1,550		)
Long-term lease obligations	$	102,844		$	3,779