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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Summary of Components of Lease Cost | The components of lease cost are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2019 |  |  | September 30, 2019 |
|  | (Dollars in Thousands) |
Operating lease cost |  | $ | 19,627 |  |  | $ | 59,024 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 755 |  |  |  | 2,325 |
Interest on lease liabilities |  |  | 126 |  |  |  | 412 |
Variable lease cost |  |  | 4,972 |  |  |  | 15,738 |
Short-term lease cost |  |  | 8,897 |  |  |  | 25,157 |
Total lease cost |  | $ | 34,377 |  |  | $ | 102,656 |
Summary of Balance Sheet Classifications of Operating and Finance Leases | The balance sheet classifications of operating and finance leases are as follows:
|  | September 30, 2019 |
|  | (Dollars in Thousands) |
Operating Leases: |  |  |  |
Operating lease right-of-use assets |  | $ | 484,853 |
Current operating lease liabilities |  | $ | 51,751 |
Noncurrent operating lease liabilities |  |  | 436,698 |
Total operating lease liabilities |  | $ | 488,449 |
Finance Leases: |  |  |  |
Property, plant and equipment |  | $ | 10,800 |
Accumulated depreciation |  |  | (2,325 | )
Property, plant and equipment, net |  | $ | 8,475 |
Other current liabilities |  | $ | 3,058 |
Other noncurrent liabilities |  |  | 6,473 |
Total finance lease liabilities |  | $ | 9,531 |
Summary of Weighted-average Remaining Lease Terms and Discount Rates | Weighted-average remaining lease terms and discount rates are as follows:
|  | September 30, 2019 |
Weighted-average remaining lease term (years): |  |  |  |
Operating leases |  |  | 14.7 |
Finance leases |  |  | 8.7 |
Weighted-average discount rate: |  |  |  |
Operating leases |  |  | 4.3 | %
Finance leases |  |  | 5.2 | %
Summary of Future Lease Payments under Noncancellable Leases | Future lease payments under leases as of September 30, 2019 are as follows:
|  | Operating |  |  | Finance |
|  | Leases |  |  | Leases |
|  | (Dollars in Thousands) |
2019 |  | $ | 18,253 |  |  | $ | 948 |
2020 |  |  | 68,838 |  |  |  | 3,196 |
2021 |  |  | 56,568 |  |  |  | 1,951 |
2022 |  |  | 51,600 |  |  |  | 1,094 |
2023 |  |  | 47,934 |  |  |  | 779 |
Thereafter |  |  | 434,190 |  |  |  | 4,177 |
Total lease payments |  |  | 677,383 |  |  |  | 12,145 |
Less: imputed interest |  |  | (188,934 | ) |  |  | (2,614 | )
Present value of lease payments |  |  | 488,449 |  |  |  | 9,531 |
Less: current lease obligations |  |  | (51,751 | ) |  |  | (3,058 | )
Total long-term lease obligations |  | $ | 436,698 |  |  | $ | 6,473 |
Summary of Supplemental Cash Flow and Non-cash Information Related to Leases | The following tables present supplemental cash flow and non-cash information related to leases:
|  |  |  | September 30, 2019 |
|  |  |  | (Dollars in Thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows used for operating leases |  |  |  | $ | 57,193 |
Operating cash flows used for finance leases |  |  |  | $ | 412 |
Financing cash flows used for finance leases |  |  |  | $ | 2,651 |
|  | Three Months Ended |  |  | Nine Months Ended (1) |
|  | September 30, 2019 |  |  | September 30, 2019 |
|  | (Dollars in Thousands) |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 11,034 |  |  | $ | 36,369 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | — |  |  | $ | 217 |
| (1) | Right-of-use assets obtained in exchange for new operating lease liabilities for the nine months ended September 30, 2019 exclude assets recorded on the balance sheet as part of the adoption of ASC 842 as disclosed in Note 1.
Summary of Future Minimum Lease and Royalty Commitments for all Noncancelable Agreements and Capital Lease Obligations | Future minimum lease and royalty commitments for all noncancelable agreements and capital lease obligations as of December 31, 2018 were as follows:
|  | Capital Leases |  |  | Operating Leases |  |  | Royalty Commitments |
|  | (Dollars in Thousands) |
2019 |  | $ | 3,718 |  |  | $ | 105,955 |  |  | $ | 14,614 |
2020 |  |  | 2,695 |  |  |  | 70,478 |  |  |  | 11,364 |
2021 |  |  | 1,735 |  |  |  | 60,382 |  |  |  | 10,335 |
2022 |  |  | 1,004 |  |  |  | 57,531 |  |  |  | 9,545 |
2023 |  |  | 713 |  |  |  | 56,511 |  |  |  | 8,109 |
Thereafter |  |  | 3,893 |  |  |  | 318,147 |  |  |  | 65,981 |
Total |  |  | 13,758 |  |  | $ | 669,004 |  |  | $ | 119,948 |
Less: imputed interest |  |  | (2,879 | ) |  |  |  |  |  |  |  |
Present value of minimum lease payments |  |  | 10,879 |  |  |  |  |  |  |  |  |
Less: current capital lease obligations |  |  | (3,249 | ) |  |  |  |  |  |  |  |
Long-term capital lease obligations |  | $ | 7,630 |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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