Leases (Tables)

3 Months Ended

Mar. 31, 2019

Components of operating and finance leases

The components of operating and finance leases included in the Company’s Consolidated Balance Sheet as of March 31, 2019 were as follows (in thousands):



Leases	Balance Sheet Classification	March 31, 2019
Assets:
Operating	Operating lease assets	$	214,776
Finance	Property and equipment, net	41,634
Total		$	256,410
Liabilities:
Current
Operating	Current operating lease liabilities	$	23,907
Finance	Current maturities of long-term debt and short-term financing	6,025
Noncurrent
Operating	Operating lease liabilities, net of current portion	204,331
Finance	Long-term debt, net of current maturities	41,314
Total		$	275,577

Maturities of operating lease liabilities

Maturities of the Company’s lease liabilities as of March 31, 2019 were as follows (in thousands):



	March 31, 2019
	Operating Leases			Finance Leases
2019 (excluding the three months ended March 31, 2019)	$	26,054		$	7,771
2020	37,710			7,765
2021	34,646			7,758
2022	30,893			5,378
2023	27,869			5,637
Thereafter	164,742			40,416
Total lease payments	321,914			74,725
Less: Interest	(93,676		)	(27,386		)
Present value of lease liabilities	$	228,238		$	47,339

Maturities of finance lease liabilities

Maturities of the Company’s lease liabilities as of March 31, 2019 were as follows (in thousands):



	March 31, 2019
	Operating Leases			Finance Leases
2019 (excluding the three months ended March 31, 2019)	$	26,054		$	7,771
2020	37,710			7,765
2021	34,646			7,758
2022	30,893			5,378
2023	27,869			5,637
Thereafter	164,742			40,416
Total lease payments	321,914			74,725
Less: Interest	(93,676		)	(27,386		)
Present value of lease liabilities	$	228,238		$	47,339

Components of lease expense

The components of lease expense included in the Company’s Consolidated Statements of Operations for the three months ended March 31, 2019 are as follows (in thousands):



Lease Expense	Income Statement Classification	Three Months Ended March 31,
		2019
Operating ⁽¹⁾	Selling, general and administrative expenses	$	10,950
Finance:
Amortization of lease assets	Depreciation and amortization expense	1,123
Interest on lease liabilities	Other interest expense, net	972
Sublease income ⁽²⁾	Selling, general and administrative expenses	(320		)
Net lease expense		$	12,725

⁽¹⁾ Includes short-term lease and variable lease expenses, which are immaterial.

⁽²⁾ Excludes rental income from owned properties of $0.1 million for the three months ended March 31, 2019, which is included in Finance, insurance and other, net.

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases for the three months ended March 31, 2019 are as follows (in thousands):



Other Information	Three Months Ended March 31,
	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	11,664
Operating cash flows from finance leases	972
Financing cash flows from finance leases	969
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,032