Leases (Tables)

6 Months Ended

Jun. 30, 2020

The components of lease costs in the accompanying condensed consolidated statements of operations are as follows (in thousands):



		Three Months Ended				Six Months Ended
		June 30,				June 30,
Lease cost	Classification	2020		2019		2020		2019
Finance lease cost:
Amortization of lease assets	Depreciation ⁽¹⁾	$	260	$	283	$	462	$	656
Interest on lease liabilities	Interest expense	17		18		34		39
Operating lease cost	Cost of services and Selling, general and administrative expenses	29,975		30,377		59,712		60,735
Short-term and variable lease cost ⁽²⁾	Cost of services and Selling, general and administrative expenses	147,953		194,630		318,318		394,928
Total lease cost		$	178,205	$	225,308	$	378,526	$	456,358


⁽¹⁾	Depreciation is included within “Cost of services” and “Selling, general and administrative expenses” in the accompanying condensed consolidated statements of operations.

⁽²⁾

Short-term lease cost includes both leases and rentals with initial terms of one year or less.Variable lease cost is insignificant and primarily relates to real estate leases and consists of common area maintenance charges, real estate taxes, insurance and other variable costs.

Components of Leases in the Balance Sheet

The components of leases in the accompanying condensed consolidated balance sheet were as follows (in thousands):



Lease type	Classification	June 30, 2020		December 31, 2019
Assets:
Operating lease right-of-use assets	Operating lease right-of-use assets	$	275,816	$	284,369
Finance lease assets	Property and equipment, net of accumulated depreciation	1,593		1,043
Total lease assets		$	277,409	$	285,412
Liabilities:
Current:
Operating	Current portion of operating lease liabilities	$	90,358	$	92,475
Finance	Current maturities of long-term debt and short-term debt	489		440

Non-current:
Operating	Operating lease liabilities, net of current portion	192,300		196,521
Finance	Long-term debt, net of current maturities	911		517
Total lease liabilities		$	284,058	$	289,953

Future Minimum Lease Payments - Operating Leases

Future minimum lease payments for operating and finance leases were as follows (in thousands):



	As of June 30, 2020
	Operating Leases			Finance Leases			Total
Remainder of 2020	$	53,636		$	330		$	53,966
2021	86,556			469			87,025
2022	61,429			343			61,772
2023	41,816			247			42,063
2024	25,036			122			25,158
Thereafter	41,034			—			41,034
Total future minimum operating and finance lease payments	$	309,507		$	1,511		$	311,018
Less imputed interest	(26,849		)	(111		)	(26,960		)
Total lease liabilities	$	282,658		$	1,400		$	284,058

Future Minimum Lease Payments - Finance Leases

Future minimum lease payments for operating and finance leases were as follows (in thousands):



	As of June 30, 2020
	Operating Leases			Finance Leases			Total
Remainder of 2020	$	53,636		$	330		$	53,966
2021	86,556			469			87,025
2022	61,429			343			61,772
2023	41,816			247			42,063
2024	25,036			122			25,158
Thereafter	41,034			—			41,034
Total future minimum operating and finance lease payments	$	309,507		$	1,511		$	311,018
Less imputed interest	(26,849		)	(111		)	(26,960		)
Total lease liabilities	$	282,658		$	1,400		$	284,058

Other Information Related to Leases

The weighted average remaining lease terms and discount rates were as follows:



	As of June 30, 2020
Weighted average remaining lease term (in years):
Operating leases	4.31
Finance leases	3.14
Weighted average discount rate:
Operating leases	4.2	%
Finance leases	4.2	%