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Lease Accounting | 3 Months Ended
--- | ---
Mar. 31, 2020
Leases [Abstract] |
Lease Accounting |
4. | Lease Accounting
The following table represents the Company’s aggregate lease costs, by lease classification, for the periods presented.
|  | Three Months Ended |
|  | March 31, |
Lease Cost | Classification | 2020 |  |  | 2019 |
Operating lease costs |  |  |  |  |  |  |  |
Equipment (1) | Utilities and other | $ | 1,541 |  |  | $ | 1,743 |
Real Estate (2)(3) | Facility lease expense |  | 81,658 |  |  |  | 84,785 |
Total operating lease costs |  | $ | 83,199 |  |  | $ | 86,528 |
Finance lease costs |  |  |  |  |  |  |  |
Amortization of leased assets | Depreciation and amortization | $ | 3,707 |  |  | $ | 3,740 |
Interest on lease liabilities | Interest expense |  | 1,851 |  |  |  | 2,021 |
Total finance lease costs |  | $ | 5,558 |  |  | $ | 5,761 |
(1) | Includes approximately $413 and $620 of short-term lease payments for the three months ended March 31, 2020 and 2019, respectively.
(2) | Includes approximately $12,247 and $15,934 of variable lease payments based on a change in index, such as CPI or inflation, variable payments based on revenues or attendance and variable common area maintenance costs for the three months ended March 31, 2020 and 2019, respectively.
(3) | Approximately $460 and $402 of lease payments are included in general and administrative expenses primarily related to office leases for the three months ended March 31, 2020 and 2019, respectively.
The following table represents the minimum cash lease payments included in the measurement of lease liabilities and the non-cash addition of assets for the periods indicated.
|  | Three Months Ended |
|  | March 31, |
Other Information |  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |  |  |
Cash outflows for operating leases |  | $ | 70,539 |  |  | $ | 69,974 |
Cash outflows for finance leases - operating activities |  | $ | 1,811 |  |  | $ | 1,974 |
Cash outflows for finance leases - financing activities |  | $ | 3,789 |  |  | $ | 3,517 |
Non-cash amount of leased assets obtained in exchange for: |  |  |  |  |  |  |  |
Operating lease liabilities - real estate |  | $ | 37,615 |  |  | $ | — |
Operating lease liabilities - equipment |  | $ | 188 |  |  | $ | 101 |
Finance lease liabilities |  | $ | — |  |  | $ | — |
As of March 31, 2020, the Company had signed lease agreements with total noncancelable lease payments of approximately $220,403 related to theatre leases that had not yet commenced. The timing of lease commencement is dependent on the completion of construction of the related theatre facility. Additionally, these amounts are based on estimated square footage and costs to construct each facility and may be subject to adjustment upon final completion of each construction project. In accordance with ASC Topic 842, fixed minimum lease payments related to these theatres are not included in the right-of-use assets and lease liabilities as of March 31, 2020. There were no noncancelable lease agreements signed, but not yet commenced, related to equipment leases as of March 31, 2020.

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- References No definition available. + Details
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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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