Lease Accounting (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Major Categories of Operating Lease Portfolio

Our lease portfolio consists of operating leases within three major categories:



Leases	Classification	Financial Statement Caption	March 31, 2019		January 1, 2019
Assets
	Transportation Equipment	Right of Use Assets, net	113,384		117,727
	Office Space & Equipment	Right of Use Assets, net	13,316		14,194
	Facilities and Equipment	Right of Use Assets, net	74,088		77,008
Total Right of Use Assets, net			200,788		208,929
Liabilities
Current		Accrued liabilities	31,560		33,016
Non-Current		Other long-term liabilities	163,649		171,348
Total Lease Liability			$	195,209	$	204,364

Schedule of Maturity of Lease Liabilities

The maturities of our operating lease liabilities as of March 31, 2019 on an undiscounted cash flow basis reconciled to the present value recorded on our Unaudited Condensed Consolidated Balance Sheet:



Maturity of Lease Liabilities	Transportation Equipment			Office Space and Equipment			Facilities and Equipment			Operating Leases
Remainder of 2019	$	20,898		$	3,088		$	8,408		$	32,394
2020	24,621			4,049			9,383			38,053
2021	19,483			3,067			6,720			29,270
2022	17,880			2,362			5,410			25,652
2023	17,077			598			5,349			23,024
Thereafter	43,619			2,307			129,085			175,011
Total Lease Payments	143,578			15,471			164,355			323,404
Less: Interest	(26,689		)	(2,117		)	(99,389		)	(128,195		)
Present value of operating lease liabilities	$	116,889		$	13,354		$	64,966		$	195,209

Schedule of Lease Term and Discount Rates

The following table provides information regarding the cash paid and right of use assets obtained related to our operating leases:



Cash Flows Information	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities	$	12,640
Leased assets obtained in exchange for new operating lease liabilities	197,812

The following table presents the weighted average remaining term and discount rate related to our right of use assets:



Lease Term and Discount Rate	March 31, 2019
Weighted-average remaining lease term	12.1 years
Weighted-average discount rate	7.53%

Schedule of Fixed Operating Lease Payments to be Received by Lessor Arrangement

The following table details the fixed lease payments we will receive for our lessor arrangements as of March 31, 2019:



	Operating Leases				Direct Financing Lease
Maturity of Lessor Receipts	Marine Transportation		Onshore Facilities and Transportation		Onshore Facilities and Transportation
Remainder of 2019	$	20,350	$	900	$	15,501
2020	20,128		1,200		20,668
2021	—		1,200		20,668
2022	—		1,200		20,668
2023	—		1,200		20,668
Thereafter	—		5,300		93,005
Total Lease Receipts	40,478		11,000		191,178
Less: Interest	—		—		(67,843		)
Total Net Lease Receipts	$	40,478	$	11,000	$	123,335

Schedule of Fixed Direct Lease Payments to be Received by Lessor Arrangement

The following table details the fixed lease payments we will receive for our lessor arrangements as of March 31, 2019:



	Operating Leases				Direct Financing Lease
Maturity of Lessor Receipts	Marine Transportation		Onshore Facilities and Transportation		Onshore Facilities and Transportation
Remainder of 2019	$	20,350	$	900	$	15,501
2020	20,128		1,200		20,668
2021	—		1,200		20,668
2022	—		1,200		20,668
2023	—		1,200		20,668
Thereafter	—		5,300		93,005
Total Lease Receipts	40,478		11,000		191,178
Less: Interest	—		—		(67,843		)
Total Net Lease Receipts	$	40,478	$	11,000	$	123,335