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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Lease assets and liabilities, term, discount rate and components of lease expense | Lease assets and liabilities are summarized as follows:
(in thousands) |  | Financial Statement Location |  | March 31, 2019
Operating leases |  |  |  |
Operating lease right-of-use assets |  | Operating lease right-of-use assets |  | $ | 350,423 |
Operating lease liabilities |  | Operating lease liabilities |  | 394,764 |
Finance leases |  |  |  |
Property and equipment, at cost |  | Property, equipment, and capitalized software, net |  | 37,258 |
Accumulated depreciation |  | Property, equipment, and capitalized software, net |  | (17,056 | )
Finance lease liabilities |  | Accounts payable, accrued expenses, and other liabilities |  | 20,648 |
Weighted average remaining lease term and discount rate are as follows:
|  | March 31, 2019
Weighted average remaining lease term |  |
Operating leases |  | 7.89 years |
Finance leases |  | 1.85 years |
Weighted average discount rate |  |
Operating leases |  | 5.69 | %
Finance leases |  | 3.57 | %
The components of lease expense were as follows:
(in thousands) |  | Three Months Ended March 31, 2019
Operating lease cost: |  |
Fixed |  | $ | 14,797 |
Variable |  | 1,578 |
Total Operating lease cost |  | 16,375 |
Finance lease cost: |  |
Amortization of right-of-use assets |  | 2,970 |
Interest on lease liabilities |  | 186 |
Total Finance lease cost |  | 3,156 |
Sublease income |  | 2,560 |
Future minimum lease payments under operating leases | Future minimum lease payments under operating and finance leases with non-cancelable lease terms, as of March 31, 2019, are as follows:
(in thousands) |  | Operating Leases |  | Finance Leases
2019 |  | $ | 56,594 |  |  | $ | 10,225 |
2020 |  | 74,482 |  |  | 10,060 |
2021 |  | 71,669 |  |  | 2,436 |
2022 |  | 65,689 |  |  | — |
2023 |  | 62,778 |  |  | — |
2024 and thereafter |  | 164,245 |  |  | — |
Total lease payments |  | 495,457 |  |  | 22,721 |
Less imputed interest |  | (100,693 | ) |  | (2,073 | )
Total lease liability |  | 394,764 |  |  | 20,648 |
Future lease payments under non-cancelable leases and sublease receipts as of December 31, 2018 are as follows:
(thousands) |  | Capital |  | Operating |  | Subleases
2019 |  | $ | 21,983 |  |  | $ | 32,755 |  |  | $ | (8,979 | )
2020 |  | 11,283 |  |  | 30,473 |  |  | (9,324 | )
2021 |  | 1,651 |  |  | 25,564 |  |  | (8,844 | )
2022 |  | — |  |  | 22,710 |  |  | (8,552 | )
2023 |  | — |  |  | 21,456 |  |  | (8,695 | )
Thereafter |  | — |  |  | 113,779 |  |  | (36,312 | )
Total minimum lease payments |  | $ | 34,917 |  |  | $ | 246,737 |  |  | $ | (80,706 | )
Future minimum lease payments under finance leases | Future minimum lease payments under operating and finance leases with non-cancelable lease terms, as of March 31, 2019, are as follows:
(in thousands) |  | Operating Leases |  | Finance Leases
2019 |  | $ | 56,594 |  |  | $ | 10,225 |
2020 |  | 74,482 |  |  | 10,060 |
2021 |  | 71,669 |  |  | 2,436 |
2022 |  | 65,689 |  |  | — |
2023 |  | 62,778 |  |  | — |
2024 and thereafter |  | 164,245 |  |  | — |
Total lease payments |  | 495,457 |  |  | 22,721 |
Less imputed interest |  | (100,693 | ) |  | (2,073 | )
Total lease liability |  | 394,764 |  |  | 20,648 |
Future lease payments under non-cancelable leases and sublease receipts as of December 31, 2018 are as follows:
(thousands) |  | Capital |  | Operating |  | Subleases
2019 |  | $ | 21,983 |  |  | $ | 32,755 |  |  | $ | (8,979 | )
2020 |  | 11,283 |  |  | 30,473 |  |  | (9,324 | )
2021 |  | 1,651 |  |  | 25,564 |  |  | (8,844 | )
2022 |  | — |  |  | 22,710 |  |  | (8,552 | )
2023 |  | — |  |  | 21,456 |  |  | (8,695 | )
Thereafter |  | — |  |  | 113,779 |  |  | (36,312 | )
Total minimum lease payments |  | $ | 34,917 |  |  | $ | 246,737 |  |  | $ | (80,706 | )

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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 undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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