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Leases and Other (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Summary of Balance Sheet Presentation of Operating and Finance Leases | The balance sheet presentation of our operating and finance leases is as follows:
|  |  |  | September 30, |
(in thousands) |  | Classification on the Condensed Consolidated Balance Sheet |  | 2019 |
Assets: |  |  |  |  |  |
Operating lease assets |  | Operating lease right-of-use assets |  | $ | 103,403 |
Finance lease assets |  | Property and equipment, net |  |  | 25,257 |
Total lease assets |  |  |  | $ | 128,660 |
Liabilities: |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating lease obligations |  | Operating lease obligations |  | $ | 22,526 |
Finance lease obligations |  | Current portion of debt and finance lease obligations |  |  | 2,784 |
Noncurrent: |  |  |  |  |  |
Operating lease obligations |  | Long-term operating lease obligations |  |  | 82,630 |
Finance lease obligations |  | Long-term debt and finance lease obligations |  |  | 22,546 |
Total lease liabilities |  |  |  | $ | 130,486 |
Components of Lease Expense | The components of lease expense consisted of the following:
|  | Three Months Ended |  |  | Nine Months Ended |
(in thousands) |  | September 30, 2019 |  |  | September 30, 2019 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 697 |  |  | $ | 1,895 |
Interest on lease liabilities |  |  | 130 |  |  |  | 379 |
Operating lease cost |  |  | 6,625 |  |  |  | 19,456 |
Short-term lease cost |  |  | 571 |  |  |  | 1,348 |
Variable lease cost |  |  | 1,478 |  |  |  | 4,695 |
Sublease income(1) |  |  | 226 |  |  |  | — |
Total lease cost, net |  | $ | 9,727 |  |  | $ | 27,773 |
(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 |  |  | Nine Months Ended |
(in thousands) |  | September 30, 2019 |  |  | September 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 7,250 |  |  | $ | 20,853 |
Operating cash flows from finance leases |  | $ | 210 |  |  | $ | 459 |
Financing cash flows from finance leases |  | $ | 525 |  |  | $ | 1,537 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  | $ | 49,123 |  |  | $ | 62,375 |
Finance leases |  | $ | 14,893 |  |  | $ | 35,844 |
|  |  |  |  |  | September 30, |
|  |  |  |  |  | 2019 |
Weighted-average remaining lease term (years): |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  | 8.23 |
Finance leases |  |  |  |  |  |  | 15.41 |
Weighted-average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  | 5.78 | %
Finance leases |  |  |  |  |  |  | 6.16 | %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancelable Leases Excluding Variable Leases and Variable Non-lease Components | As of September 30, 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 |  | $ | 7,040 |  |  | $ | 1,323 |  |  | $ | 8,363 |
2020 |  |  | 23,839 |  |  |  | 4,136 |  |  |  | 27,975 |
2021 |  |  | 17,340 |  |  |  | 3,381 |  |  |  | 20,721 |
2022 |  |  | 15,102 |  |  |  | 2,920 |  |  |  | 18,022 |
2023 |  |  | 12,368 |  |  |  | 2,784 |  |  |  | 15,152 |
Thereafter |  |  | 62,643 |  |  |  | 25,125 |  |  |  | 87,768 |
Total future lease payments |  |  | 138,332 |  |  |  | 39,669 |  |  |  | 178,001 |
Less: Amount representing interest |  |  | (33,176 | ) |  |  | (14,339 | ) |  |  | (47,515 | )
Present value of minimum lease payments |  |  | 105,156 |  |  |  | 25,330 |  |  |  | 130,486 |
Current portion |  |  | 22,526 |  |  |  | 2,784 |  |  |  | 25,310 |
Long-term portion |  | $ | 82,630 |  |  | $ | 22,546 |  |  | $ | 105,176 |
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases | As of September 30, 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 |  | $ | 453 |
2020 |  |  | 2,020 |
2021 |  |  | 1,716 |
2022 |  |  | 1,384 |
2023 |  |  | 1,192 |
Thereafter |  |  | 5,764 |
Total minimum sublease rents |  | $ | 12,529 |
Future minimum rental payments and related sublease rentals receivable | As previously disclosed in 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 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919396-209981 + Details
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