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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Schedule of lease assets and liabilities | Supplemental balance sheet information related to leases was as follows:
Leases | Classification | September 30, 2019
Assets: |  |
Operating | Operating lease right-of-use assets, net | $ | 871,746 |
Finance | Buildings, Furniture, equipment and software, net | 55,073 |
Total leased assets |  | $ | 926,819 |
Liabilities: |  |
Current |  |
Operating | Current portion of operating leases | $ | 91,919 |
Finance | Current portion of long-term debt and finance leases | 4,838 |
Non-current |  |
Operating | Long-term operating leases, less current portion | 800,828 |
Finance | Long-term debt and finance leases, less current portion | 53,820 |
Total lease liabilities |  | $ | 951,405 |
Lease cost |
Lease Term and Discount Rate | September 30, 2019
Weighted average remaining lease terms |
Operating leases | 9.4 years |
Finance leases | 11.9 years |
Weighted average discount rate |
Operating leases | 9.50 | %
Finance leases | 8.50 | %
The components of lease cost were as follows:
Lease Cost | Classification | For the three months ended September 30, 2019 | For the nine months ended September 30, 2019
Operating lease cost | Direct costs | $ | 42,032 |  | $ | 132,546 |
Finance lease cost |  |  |
Amortization of leased assets | Direct costs | 1,880 |  | 4,518 |
Interest on leased assets | Interest expense | 1,264 |  | 2,741 |
Short-term lease costs | Direct costs | 810 |  | 2,800 |
Variable lease costs | Direct costs | 4,483 |  | 11,056 |
Sublease income | Revenues | (1,049 | ) | (3,260 | )
Total lease cost |  | $ | 49,420 |  | $ | 150,401 |
Supplemental cash flow information related to leases was as follows for the nine months ended September 30, 2019:
Other Information |
Cash paid for amounts included in the measurement of lease liabilities |
Operating cash flows from operating leases | $ | 139,010 |
Operating cash flows from finance leases | $ | 2,742 |
Financing cash flows from finance leases | $ | 3,128 |
Leased assets obtained for new finance lease liabilities | $ | 38,217 |
Leased assets obtained for new operating lease liabilities | $ | 6,394 |
Schedule of finance lease liability maturity | As of September 30, 2019, maturities of lease liabilities were as follows:
Maturity of Lease Liability | Operating Leases | Finance Leases
Year 1 | $ | 169,383 |  | $ | 9,473 |
Year 2 | 159,432 |  | 9,180 |
Year 3 | 149,816 |  | 8,834 |
Year 4 | 140,692 |  | 8,354 |
Year 5 | 133,134 |  | 6,288 |
Thereafter | 571,234 |  | 51,095 |
Total lease payments | $ | 1,323,691 |  | $ | 93,224 |
Less: interest and inflation | (430,944 | ) | (34,566 | )
Present value of lease liabilities | $ | 892,747 |  | $ | 58,658 |
Schedule of operating lease liability maturity | As of September 30, 2019, maturities of lease liabilities were as follows:
Maturity of Lease Liability | Operating Leases | Finance Leases
Year 1 | $ | 169,383 |  | $ | 9,473 |
Year 2 | 159,432 |  | 9,180 |
Year 3 | 149,816 |  | 8,834 |
Year 4 | 140,692 |  | 8,354 |
Year 5 | 133,134 |  | 6,288 |
Thereafter | 571,234 |  | 51,095 |
Total lease payments | $ | 1,323,691 |  | $ | 93,224 |
Less: interest and inflation | (430,944 | ) | (34,566 | )
Present value of lease liabilities | $ | 892,747 |  | $ | 58,658 |
Schedule of future minimum lease payments | As disclosed in our 2018 Form 10-K, future minimum lease payments at December 31, 2018, prior to the adoption of ASC Topic 842, by year and in the aggregate, under all noncancellable operating leases were as follows:
| Lease Payments
2019 | $ | 151,795 |
2020 | 142,995 |
2021 | 135,426 |
2022 | 128,441 |
2023 | 119,955 |
Thereafter | 482,220 |
Total | $ | 1,160,832 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance 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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- 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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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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