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Leases Leases (Notes) | 3 Months Ended
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Mar. 31, 2020
Lessee, Lease, Description [Line Items] |
Leases of Lessee Disclosure [Text Block] | LEASES The Company enters into operating leases for ATM sites, office spaces, retail stores and equipment. The Company's finance leases are immaterial. Right of use assets and lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease terms. The present value of lease payments is determined using the incremental borrowing rate based on information available at the lease commencement date. All leases with fixed payments, including leases with an initial term of 12 months or less, are recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Most leases include an option to renew, with renewal terms that can extend the lease terms. The exercise of lease renewal options is at the Company’s sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. The Company also has a unilateral termination right for most of the ATM site leases. Since the Company is not reasonably certain to exercise the renewal or termination options, the options are not considered in determining the lease terms, and associated payment impacts are excluded from lease payments. Certain of the Company's lease agreements include variable rental payments based on revenues generated from the use of the leased location and certain leases include rental payments adjusted periodically for inflation. Variable lease payments are recognized when the event, activity or circumstance in the lease agreement on which those payments are assessed occurs and are excluded from the right of use assets and lease liabilities balances. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. Future minimum lease payments Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2020 are:
| As of March 31, 2020
Maturity of Lease Liabilities (in thousands) | Operating Leases
Remainder of 2020 | $ | 98,827 |
2021 | 99,540 |
2022 | 70,832 |
2023 | 49,670 |
2024 | 30,813 |
Thereafter | 46,573 |
Total lease payments | $ | 396,255 |
Less: imputed interest | (23,465 | )
Present value of lease liabilities | $ | 372,790 |
Lease expense recognized in the Consolidated Statements of Income is summarized as follows:
Lease Expense (in thousands) | Income Statement Classification |  | Three Months Ended March 31, 2020
Operating lease expense | Selling, general and administrative and Direct operating costs |  | $ | 33,188 |
Variable lease expense | Selling, general and administrative and Direct operating costs |  | 8,680 |
Total lease expense |  |  | $ | 41,868 |
Other information about lease amounts recognized in the consolidated financial statements is summarized as follows:
Lease Term and Discount Rate of Operating Leases |  | As of March 31, 2020
Weighted- average remaining lease term (years) |  | 4.4 |
Weighted- average discount rate |  | 3.0 | %
The following table presents supplemental cash flow and non-cash information related to leases.
Other Information (in thousands) |  | Three Months Ended March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities (a) |  | $ | 32,792 |
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets |  |
ROU assets obtained in exchange for new operating lease liabilities |  | $ | 50,525 |
(a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

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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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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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