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v3.20.1

Leases and Other (Tables) | 3 Months Ended
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Mar. 31, 2020
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:
|  |  |  | March 31, |  |  | December 31, |
(in thousands) |  | Classification on the Condensed Consolidated Balance Sheet |  | 2020 |  |  | 2019 |
Assets: |  |  |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease right-of-use assets |  | $ | 96,719 |  |  | $ | 103,314 |
Finance lease assets |  | Property and equipment, net |  |  | 22,956 |  |  |  | 25,350 |
Total lease assets |  |  |  | $ | 119,675 |  |  | $ | 128,664 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |
Operating lease obligations |  | Operating lease obligations |  | $ | 20,708 |  |  | $ | 22,180 |
Finance lease obligations |  | Current portion of debt and finance lease obligations |  |  | 3,025 |  |  |  | 3,386 |
Noncurrent: |  |  |  |  |  |  |  |  |  |
Operating lease obligations |  | Long-term operating lease obligations |  |  | 78,685 |  |  |  | 82,851 |
Finance lease obligations |  | Long-term debt and finance lease obligations |  |  | 19,724 |  |  |  | 21,871 |
Total lease liabilities |  |  |  | $ | 122,142 |  |  | $ | 130,288 |
Components of Lease Expense | The components of lease expense consisted of the following:
|  | Three Months Ended |
|  | March 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 918 |  |  | $ | 589 |
Interest on lease liabilities |  |  | 417 |  |  |  | 67 |
Operating lease cost |  |  | 6,727 |  |  |  | 5,992 |
Short-term lease cost |  |  | 310 |  |  |  | 215 |
Variable lease cost |  |  | 1,699 |  |  |  | 1,815 |
Sublease income(1) |  |  | — |  |  |  | (172 | )
Total lease cost, net |  | $ | 10,071 |  |  | $ | 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 |
|  | March 31, |
(in thousands) |  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 6,529 |  |  | $ | 6,198 |
Operating cash flows from finance leases |  | $ | 160 |  |  | $ | 67 |
Financing cash flows from finance leases |  | $ | 777 |  |  | $ | 522 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |
Operating leases |  | $ | 779 |  |  | $ | 11,439 |
Finance leases |  | $ | 730 |  |  | $ | 1,182 |
|  | March 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Weighted-average remaining lease term (years): |  |  |  |  |  |  |  |
Operating leases |  |  | 8.21 |  |  |  | 8.17 |
Finance leases |  |  | 13.24 |  |  |  | 14.01 |
Weighted-average discount rate: |  |  |  |  |  |  |  |
Operating leases |  |  | 5.74 | % |  |  | 5.77 | %
Finance leases |  |  | 7.77 | % |  |  | 7.73 | %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components | As of March 31, 2020, 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 2020 |  | $ | 18,496 |  |  | $ | 3,680 |  |  | $ | 22,176 |
2021 |  |  | 19,571 |  |  |  | 4,181 |  |  |  | 23,752 |
2022 |  |  | 16,152 |  |  |  | 3,687 |  |  |  | 19,839 |
2023 |  |  | 13,159 |  |  |  | 3,166 |  |  |  | 16,325 |
2024 |  |  | 9,959 |  |  |  | 2,468 |  |  |  | 12,427 |
Thereafter |  |  | 54,919 |  |  |  | 22,550 |  |  |  | 77,469 |
Total future lease payments |  |  | 132,256 |  |  |  | 39,732 |  |  |  | 171,988 |
Less: Amount representing interest |  |  | (32,863 | ) |  |  | (16,983 | ) |  |  | (49,846 | )
Present value of minimum lease payments |  |  | 99,393 |  |  |  | 22,749 |  |  |  | 122,142 |
Current portion |  |  | 20,708 |  |  |  | 3,025 |  |  |  | 23,733 |
Long-term portion |  | $ | 78,685 |  |  | $ | 19,724 |  |  | $ | 98,409 |
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases | As of March 31, 2020, the estimated future minimum rentals under non-cancellable leases, which includes rental income from facilities that we own, are as follows:
(in thousands) |  |  |  |
Remainder of 2020 |  | $ | 1,516 |
2021 |  |  | 1,839 |
2022 |  |  | 1,515 |
2023 |  |  | 1,329 |
2024 |  |  | 1,091 |
Thereafter |  |  | 4,789 |
Total minimum rents |  | $ | 12,079 |

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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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- Definition Schedule of operating and finance leases. + References No definition available. + Details
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- Definition Schedule of other information related to operating and finance leases. + References No definition available. + Details
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