Leases (Tables)

9 Months Ended

Sep. 30, 2019

The following table summarizes the amounts recognized in the Company's Condensed Consolidated Balance Sheet related to leases:



(in thousands)	Condensed Consolidated Balance Sheet Classification	September 30, 2019
Assets
Operating lease assets	Right of use assets, net	$	70,773
Finance lease assets	Property, plant and equipment, net	24,003
Finance lease assets	Rail Group assets leased to others, net	17,136
Total leased assets		$	111,912

Liabilities
Current operating leases	Accrued expenses and other current liabilities	24,544
Non-current operating leases	Long-term lease liabilities	47,299
Total operating lease liabilities		$	71,843

Current finance leases	Current maturities of long-term debt	17,331
Non-current finance leases	Long-term debt	21,925
Total finance lease liabilities		$	39,256
Total lease liabilities		$	111,099

The components of lease cost recognized within the Company's Condensed Consolidated Statement of Operations were as follows:



(in thousands)	Condensed Consolidated Statement of Operations Classification	Three months ended September 30, 2019		Nine months ended September 30, 2019
Lease cost:
Operating lease cost	Cost of sales and merchandising revenues	$	5,761	$	18,881
Operating lease cost	Operating, administrative and general expenses	3,417		10,251
Finance lease cost
Amortization of right-of-use assets	Operating, administrative and general expenses	443		1,042
Interest expense on lease liabilities	Interest expense	236		779
Other lease cost (a)	Cost of sales and merchandising revenues	193		731
Other lease cost (a)	Operating, administrative and general expenses	61		201
Total lease cost		$	10,111	$	31,885

(a) Other lease cost includes short-term lease costs and variable lease costs



(in thousands)	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	24,982
Operating cash flows from finance leases	405
Financing cash flows from finance leases	973
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	6,365
Finance leases	16,498

The table below summarizes the weighted average discount rate used to measure the Company's lease liabilities as of September 30, 2019.



Weighted Average Discount Rate
Operating leases	4.16	%
Finance leases	3.78	%



Weighted Average Remaining Lease Term
Operating leases	4.2 years
Finance leases	6.9 years



	September 30, 2019
(in thousands)	Operating Leases		Finance Leases		Total
2019 (excluding the nine months ended September 30, 2019)	$	8,612	$	1,140	$	9,752
2020	23,210		17,613		40,823
2021	16,635		2,334		18,969
2022	11,613		2,341		13,954
2023	7,664		2,342		10,006
Thereafter	10,748		18,184		28,932
Total lease payments	$	78,482	$	43,954	$	122,436
Less: interest	6,639		4,698		11,337
Total	$	71,843	$	39,256	$	111,099



	September 30, 2019
(in thousands)	Operating Leases		Finance Leases		Total
2019 (excluding the nine months ended September 30, 2019)	$	8,612	$	1,140	$	9,752
2020	23,210		17,613		40,823
2021	16,635		2,334		18,969
2022	11,613		2,341		13,954
2023	7,664		2,342		10,006
Thereafter	10,748		18,184		28,932
Total lease payments	$	78,482	$	43,954	$	122,436
Less: interest	6,639		4,698		11,337
Total	$	71,843	$	39,256	$	111,099