Leases (Tables)

9 Months Ended

Sep. 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	September 30, 2019
Assets
Operating lease assets	Operating Lease Right-of-Use Assets, Net	$	125,718
Finance lease assets	Property and Equipment, Net	3,135
Total lease assets		$	128,853
Liabilities
Current
Operating	Operating lease liabilities, current portion	$	28,795
Finance [1]	Current portion of finance liabilities, long-term debt and non-recourse debt	1,550
Noncurrent
Operating	Operating Lease Liabilities	99,271
Finance [1]	Finance Lease Liabilities	3,403
Total lease liabilities		$	133,019

[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 September 30, 2019			Nine Months Ended September 30, 2019
Operating lease cost	$	11,611		$	35,841
Finance lease cost:
Amortization of right-of-use assets	256			768
Interest on lease liabilities	77			254
Total finance lease cost	333			1,022
Short-term lease cost	1,673			5,228
Total lease cost	$	13,617		$	42,091
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	12,091		$	37,107
Operating cash flows for finance leases	$	77		$	254
Financing activities for finance leases	$	406		$	1,197
Right-of-use assets obtained in exchange for new operating lease liabilties	$	2,335		$	8,653
Weighted average remaining lease term:
Operating leases	7.3 years
Finance leases	3.1 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 September 30, 2019 (in thousands).

	Operating Leases			Finance Leases
Remainder of 2019	$	9,242		$	483
2020	32,503			1,934
2021	24,824			1,936
2022	18,384			1,233
2023	14,943			—
Thereafter	53,997			—
Total minimum lease payments	153,893			5,586
Less: amount of lease payment representing interest	(25,827		)	(633		)
Present value of future minimum lease payments	128,066			4,953
Less: current obligations under leases	(28,795		)	(1,550		)
Long-term lease obligations	$	99,271		$	3,403

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 September 30, 2019 (in thousands).

	Operating Leases			Finance Leases
Remainder of 2019	$	9,242		$	483
2020	32,503			1,934
2021	24,824			1,936
2022	18,384			1,233
2023	14,943			—
Thereafter	53,997			—
Total minimum lease payments	153,893			5,586
Less: amount of lease payment representing interest	(25,827		)	(633		)
Present value of future minimum lease payments	128,066			4,953
Less: current obligations under leases	(28,795		)	(1,550		)
Long-term lease obligations	$	99,271		$	3,403