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Leases (Notes) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Leases of Lessee Disclosure [Text Block] | Leases Our leases principally relate to funeral service real estate and office, maintenance, and transportation equipment. The majority of our lease arrangements contain options to (i) purchase the property at fair value on the exercise date, (ii) purchase the property for a value determined at the inception of the lease, or (iii) renew the lease for the fair rental value at the end of the primary lease term. Future lease payments for non-cancelable operating and finance leases as of September 30, 2019 was as follows:
| Operating |  | Finance |  | Total
| (In thousands)
2019 (excluding the nine months ended September 30, 2019) | $ | 2,488 |  |  | $ | 12,045 |  |  | $ | 14,533 |
2020 | 11,732 |  |  | 44,461 |  |  | 56,193 |
2021 | 10,270 |  |  | 63,019 |  |  | 73,289 |
2022 | 8,693 |  |  | 26,906 |  |  | 35,599 |
2023 | 6,410 |  |  | 19,556 |  |  | 25,966 |
Thereafter | 45,277 |  |  | 48,136 |  |  | 93,413 |
Total lease payments | $ | 84,870 |  |  | $ | 214,123 |  |  | $ | 298,993 |
Less: Interest | (22,223 | ) |  | (22,693 | ) |  | (44,916 | )
Present value of lease liabilities | $ | 62,647 |  |  | $ | 191,430 |  |  | $ | 254,077 |
As of December 31, 2018, we disclosed the following future lease payments for non-cancelable operating and finance leases exceeding one year:
| Operating |  | Finance
| (In thousands)
2019 | $ | 11,295 |  |  | $ | 46,998 |
2020 | 9,550 |  |  | 51,943 |
2021 | 8,251 |  |  | 57,881 |
2022 | 7,282 |  |  | 21,842 |
2023 | 5,397 |  |  | 15,587 |
2024 and thereafter | 37,841 |  |  | 40,447 |
Total | $ | 79,616 |  |  | $ | 234,698 |
Less: Interest on finance leases |  |  | (22,746 | )
Total principal payable on finance leases |  |  | $ | 211,952 |
The components of lease cost for the three and nine months ended September 30, 2019 were as follows:
| Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
| (In thousands)
Amortization of leased assets | $ | 10,474 |  |  | $ | 31,786 |
Interest on lease liabilities | 1,989 |  |  | 5,273 |
Total finance lease cost | 12,463 |  |  | 37,059 |
Operating lease cost | 3,151 |  |  | 9,419 |
Variable lease cost | 201 |  |  | 993 |
Total lease cost | $ | 15,815 |  |  | $ | 47,471 |
Supplemental balance sheet information as of September 30, 2019 related to leases was as follows:
Lease Type |  | Balance Sheet Classification |  | September 30, 2019
|  |  |  | (In thousands)
Operating lease right-of-use assets (1) |  | Deferred charges and other assets |  | $ | 60,046 |
Finance lease right-of-use assets (1) |  | Property and equipment, net |  | 185,629 |
Total right-of-use assets (1) |  |  |  | $ | 245,675 |
Operating |  | Accounts payable and accrued liabilities |  | $ | 8,745 |
Finance |  | Current maturities of long-term debt |  | 39,708 |
Total current lease liabilities |  |  |  | 48,453 |
Operating |  | Other liabilities |  | 53,902 |
Finance |  | Long-term debt |  | 151,722 |
Total non-current lease liabilities |  |  |  | 205,624 |
Total lease liabilities |  |  |  | $ | 254,077 |
(1) | Right-of-use assets are presented net of accumulated amortization.
The weighted-average life remaining and discount rates of our leases as of September 30, 2019 were as follows:
| Operating |  | Finance
Weighted-average remaining lease term (years) | 12.3 |  |  | 5.1 |
Weighted-average discount rate | 4.6 | % |  | 3.5 | %
Supplemental cash flow information related to leases for the three and nine months ended September 30, 2019 were as follows:
| Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
| (In thousands)
Cash paid for amounts in the measurement of lease liabilities |  |  |
Operating cash flows for operating leases | $ | 3,140 |  |  | $ | 9,357 |
Operating cash flows for finance leases | 2,122 |  |  | 5,843 |
Financing cash flows for finance leases | 10,438 |  |  | 32,258 |
Total cash paid for amounts included in the measurement of lease liabilities | $ | 15,700 |  |  | $ | 47,458 |
Right-of-use assets obtained in exchange for new finance lease liabilities | $ | 9,115 |  |  | $ | 43,589 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 3,083 |  |  | $ | 9,448 |
We have 62 operating leases where we are the lessor and the non-cancelable term is greater than one year, resulting in $0.6 million and $2.0 million in lease income for the three and nine months ended September 30, 2019, respectively. We lease office space and excess land, and we are party to cellular agreements and land easements. We generally do not have sales-type leases, direct financing leases, or lease receivables. The adoption of ASC 842 did not have an impact on our accounting for lessor leases. Future undiscounted lease income from operating leases as of September 30, 2019 were as follows (in thousands):
2019 (excluding the nine months ended September 30, 2019) | $ | 598 |
2020 | 1,722 |
2021 | 1,364 |
2022 | 1,037 |
2023 | 470 |
Thereafter | 230 |
Total cash receipts | $ | 5,421 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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