Leases (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Lease Assets and Liabilities

The following table presents the lease-related assets and liabilities reported in the Consolidated Balance Sheet as of June 30, 2019 (in thousands):



	Classification on the Consolidated Balance Sheet	June 30, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	233,173
Finance lease assets	Property, plant and equipment, net	10,125
Total lease assets		$	243,298

Liabilities
Current
Operating	Operating lease liabilities, current	$	49,970
Finance	Current maturities of long-term debt and finance lease liabilities	4,379
Noncurrent
Operating	Operating lease liabilities, long-term	195,149
Finance	Long-term debt and finance lease liabilities	5,897
Total lease liabilities		$	255,395

Schedule of Lease Cost

The following table presents information related to lease expense for the six months ended June 30, 2019 (in thousands):



	For the six months ended June 30, 2019
Finance lease expense:
Amortization expense	$	2,286
Interest expense	222
Operating lease expense	32,612
Short-term lease expense	72,729
Variable lease expense	2,107
Total lease expense	$	109,956

Schedule of Lease Term and Discount Rate

The following table presents certain information related to lease terms and discount rates for leases as of June 30, 2019:



	June 30, 2019
Weighted-average remaining lease term:
Operating leases	6.8 years
Finance leases	3.1 years
Weighed-average discount rate:
Operating leases	4.23	%
Finance leases	4.17	%

Schedule of Supplemental Cash Flow Lease Information

The following table presents supplemental cash flow information related to leases for the six months ended June 30, 2019 (in thousands):



	For the six months ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	32,405
Operating cash flows used for finance leases	$	222
Financing cash flows used for finance leases	$	2,151
Right-of-use assets obtained in exchange for new operating lease liabilities	$	43,431
Right-of-use assets obtained in exchange for new finance lease liabilities	$	5,753

Schedule of Maturity of Lease Liabilities

The following table reconciles future minimum lease payments on an undiscounted cash flow basis to the lease liabilities reported in the Consolidated Balance Sheet as of June 30, 2019 (in thousands):



	Operating Leases			Finance Leases
July 1, 2019 to June 30, 2020	$	59,252		$	4,709
July 1, 2020 to June 30, 2021	49,297			3,015
July 1, 2021 to June 30, 2022	40,248			1,912
July 1, 2022 to June 30, 2023	33,200			898
July 1, 2023 to June 30, 2024	25,094			243
Thereafter	76,390			157
Total minimum lease payments	283,481			10,934
Less: Amount of lease payments representing interest	(38,362		)	(658		)
Present value of future minimum lease payments	$	245,119		$	10,276


Current portion of lease liabilities	$	49,970		$	4,379
Noncurrent portion of lease liabilities	195,149			5,897
Present value of future minimum lease payments	$	245,119		$	10,276