Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of company lease information

Information on the Company’s leases is summarized as follows (in thousands):

	Classification	December 31, 2019
Assets
Operating lease assets	Operating lease assets	$	110,153
Finance lease assets	Property and equipment, net (1)	12,721
Total leased assets		$	122,874
Liabilities
Current
Operating lease liabilities	Current operating lease liabilities	$	34,904
Finance lease liabilities	Current portion of debt, finance lease obligations and notes payable	1,259
Long-term
Operating lease liabilities	Long-term operating lease liabilities	77,926
Finance lease liabilities	Finance lease obligations	14,814
Total lease liabilities		$	128,903

⁽¹⁾ Finance lease assets are recorded net of accumulated amortization of $7,757,000 as of December 31, 2019.

Schedule of lease cost

Lease Cost	Classification	For the Year Ended December 31, 2019
Operating lease cost (1)	Operating expenses and cost of sales	$	42,477
Finance lease cost
Amortization of leased assets	Operating expenses and cost of sales	1,486
Interest on lease liabilities	Interest expense	875
Sublease income	Other (income) expense, net	(2,382		)
Total lease cost		$	42,456

⁽¹⁾ Includes short-term leases and variable lease costs, which are immaterial.

Lease Term and Discount Rate	December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	4.47
Finance leases	9.48
Weighted-average discount rate
Operating leases	3.29	%
Finance leases	5.18	%

Other Information	For the Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	42,687
Operating cash flows from finance leases	858
Financing cash flows from finance leases	1,254
Leased assets obtained in exchange for new operating lease liabilities	28,773

Schedule of finance lease liability

Maturity of Lease Liabilities	Operating Leases (1)		Finance Leases		Total
2020	$	38,095	$	2,119	$	40,214
2021	28,004		2,107		30,111
2022	19,289		2,070		21,359
2023	13,960		2,070		16,030
2024	8,913		2,085		10,998
Thereafter	12,967		9,940		22,907
Total lease payments	$	121,228	$	20,391	$	141,619
Less: interest	8,398		4,318
Present value of lease payments	$	112,830	$	16,073

⁽¹⁾ Operating lease payments include $3,429,000 related to options to extend lease terms that are reasonably certain of being exercised.