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Leases and Other (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Balance Sheet Presentation of Operating and Finance Leases

The balance sheet presentation of our operating and finance leases is as follows:

		March 31,
(in thousands)	Classification on the Condensed Consolidated Balance Sheet	2019
Assets:
Operating lease assets	Operating lease right-of-use assets	$	59,671
Finance lease assets	Property and equipment, net		9,046
Total lease assets		$	68,717

Liabilities:
Current:
Operating lease obligations	Operating lease obligations	$	21,080
Finance lease obligations	Current portion of debt and finance lease obligations		2,023
Noncurrent:
Operating lease obligations	Long-term operating lease obligations		42,098
Finance lease obligations	Long-term debt and finance lease obligations		6,801
Total lease liabilities		$	72,002

Components of Lease Expense

The components of lease expense consisted of the following:

	Three Months Ended
(in thousands)	March 31, 2019
Finance lease cost:
Amortization of right-of-use assets	$	589
Interest on lease liabilities		67
Operating lease cost		5,992
Short-term lease cost		215
Variable lease cost		1,815
Sublease income⁽¹⁾		(172	)
Total lease cost, net	$	8,506

⁽¹⁾	Sublease income excludes rental income from owned assets, which is recorded in revenue.

Schedule of Other Information Related to Operating and Finance Leases

Other information related to operating and finance leases are as follows:

	Three Months Ended
(in thousands)	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating activities	$	6,198
Operating cash flows from finance activities	$	67
Financing cash flows from finance activities	$	522
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	11,439
Finance leases	$	1,182

	March 31,
	2019
Weighted-average remaining lease term (years):
Operating leases		4.32
Finance leases		8.48
Weighted-average discount rate:
Operating leases		5.18	%
Finance leases		5.76	%

Schedule of Estimated Future Minimum Lease Payments Under Non-cancelable Leases Excluding Variable Leases and Variable Non-lease Components

As of March 31, 2019, the estimated future minimum lease payments under non-cancellable leases, excluding variable leases and variable non-lease components, are as follows:

(in thousands)	Operating Leases			Finance Leases			Total
Remainder of 2019	$	17,844		$	1,964		$	19,808
2020		20,827			2,108			22,935
2021		10,917			1,368			12,285
2022		6,918			997			7,915
2023		4,744			913			5,657
Thereafter		12,303			4,144			16,447
Total future lease payments		73,553			11,494			85,047
Less: Amount representing interest		(10,375	)		(2,670	)		(13,045	)
Present value of minimum lease payments		63,178			8,824			72,002
Current portion		21,080			2,023			23,103
Long-term portion	$	42,098		$	6,801		$	48,899

Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases

As of March 31, 2019, the estimated future minimum rentals under non-cancellable leases, which includes rental income from facilities that we own and sublease income from facilities that we lease, are as follows:

(in thousands)
Remainder of 2019	$	1,511
2020		1,674
2021		1,845
2022		1,512
2023		1,415
Thereafter		2,795
Total minimum sublease rents		10,752

Future minimum rental payments and related sublease rentals receivable

As previously disclosed on our 2018 Form 10-K and under the previous lease accounting standard, our future minimum rental payments and related sublease rentals receivable with respect to non-cancelable operating leases with terms in excess of one year would have been as follows as of December 31, 2018:

(in thousands)	Rental Payments		Receivable Under Subleases
2019	$	28,671	$	2,382
2020		22,919		1,582
2021		13,217		1,711
2022		8,280		1,370
2023		6,201		1,270
Thereafter		8,305		2,798
Total	$	87,593	$	11,113