Leases (Tables)

3 Months Ended

Mar. 31, 2019

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 and finance leases with non-cancelable lease terms, as of March 31, 2019, are as follows:

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 operating and finance leases with non-cancelable lease terms, as of March 31, 2019, are as follows:

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	)