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LEASES (Tables)
3 Months Ended
Mar. 31, 2019
Leases  
Schedule of components of lease expense

 

 

 

 

 

 

 

Three Months Ended 

 

 

    

March 31, 2019

    

 

 

(Unaudited)

 

 

(in thousands)

Operating lease expense

 

$

5,339

 

Variable lease expense

 

 

839

 

Sublease income

 

 

(67)

 

 

 

 

 

 

Total operating lease expense

 

$

6,111

 

 

 

 

 

 

Operating cash flows included in the measurement of lease liabilities

 

$

5,290

 

 

Schedule of supplemental balance sheet information related to lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

    

March 31, 2019

 

 

 

(in thousands, except lease term and discount rate)

 

 

 

 

 

 

Land and

 

Equipment

 

Operating leases

 

 

Total

 

Structures

 

and Others

 

Operating right-of-use assets (long-term)

 

$

68,737

 

$

66,684

 

$

2,053

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease liabilities (current)

 

$

17,678

 

$

16,644

 

$

1,034

 

Operating lease liabilities (long-term)

 

 

54,444

 

 

53,442

 

 

1,002

 

Total operating lease liabilities

 

$

72,122

 

$

70,086

 

$

2,036

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease term (in years)

 

 

5.5

 

 

 

 

 

 

 

Weighted average discount rate

 

 

3.96%

 

 

 

 

 

 

 

 

Schedule of maturities of operating lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equipment

 

 

 

 

 

 

Land and

 

and

 

 

    

Total

    

Structures

    

Other

  

 

 

 

 

 

 

 

 

 

 

Remainder of 2019

 

$

15,250

 

$

14,423

 

$

827

 

2020

 

 

17,924

 

 

16,914

 

 

1,010

 

2021

 

 

13,675

 

 

13,401

 

 

274

 

2022

 

 

9,490

 

 

9,490

 

 

 —

 

2023

 

 

6,748

 

 

6,748

 

 

 —

 

Thereafter

 

 

17,564

 

 

17,564

 

 

 —

 

Total lease payments

 

 

80,651

 

 

78,540

 

 

2,111

 

Less imputed interest

 

 

(8,529)

 

 

(8,454)

 

 

(75)

 

Total 

 

$

72,122

 

$

70,086

 

$

2,036