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Leases and Other (Tables) | 9 Months Ended
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Sep. 30, 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:
|  |  |  | September 30, |  |  | December 31, |
(in thousands) |  | Classification on the Condensed Consolidated Balance Sheet |  | 2020 |  |  | 2019 |
Assets: |  |  |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease right-of-use assets |  | $ | 88,394 |  |  | $ | 103,314 |
Finance lease assets |  | Property and equipment, net |  |  | 22,786 |  |  |  | 25,350 |
Total lease assets |  |  |  | $ | 111,180 |  |  | $ | 128,664 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |
Operating lease obligations |  | Operating lease obligations |  | $ | 17,872 |  |  | $ | 22,180 |
Finance lease obligations |  | Current portion of debt and finance lease obligations |  |  | 2,895 |  |  |  | 3,386 |
Noncurrent: |  |  |  |  |  |  |  |  |  |
Operating lease obligations |  | Long-term operating lease obligations |  |  | 73,688 |  |  |  | 82,851 |
Finance lease obligations |  | Long-term debt and finance lease obligations |  |  | 20,123 |  |  |  | 21,871 |
Total lease liabilities |  |  |  | $ | 114,578 |  |  | $ | 130,288 |
Components of Lease Expense | The components of lease expense consisted of the following:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 926 |  |  | $ | 697 |  |  | $ | 2,767 |  |  | $ | 1,895 |
Interest on lease liabilities |  |  | 429 |  |  |  | 130 |  |  |  | 1,258 |  |  |  | 379 |
Operating lease cost |  |  | 6,596 |  |  |  | 6,625 |  |  |  | 20,235 |  |  |  | 19,456 |
Short-term lease cost |  |  | 123 |  |  |  | 571 |  |  |  | 465 |  |  |  | 1,348 |
Variable lease cost |  |  | 1,557 |  |  |  | 1,478 |  |  |  | 4,615 |  |  |  | 4,695 |
Sublease income(1) |  |  | — |  |  |  | 226 |  |  |  | — |  |  |  | — |
Total lease cost, net |  | $ | 9,631 |  |  | $ | 9,727 |  |  | $ | 29,340 |  |  | $ | 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 |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 5,644 |  |  | $ | 7,250 |  |  | $ | 18,268 |  |  | $ | 20,853 |
Operating cash flows from finance leases |  | $ | 839 |  |  | $ | 210 |  |  | $ | 1,705 |  |  | $ | 459 |
Financing cash flows from finance leases |  | $ | 665 |  |  | $ | 525 |  |  | $ | 2,235 |  |  | $ | 1,537 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  | $ | (3,059 | ) |  | $ | 49,123 |  |  | $ | 1,018 |  |  | $ | 62,375 |
Finance leases |  | $ | 126 |  |  | $ | 14,893 |  |  | $ | 1,894 |  |  | $ | 35,844 |
|  |  |  |  |  |  |  |  |  | September 30, |  |  | December 31, |
|  |  |  |  |  |  |  |  |  | 2020 |  |  | 2019 |
Weighted-average remaining lease term (years): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  |  |  |  |  | 8.30 |  |  |  | 8.17 |
Finance leases |  |  |  |  |  |  |  |  |  |  | 13.58 |  |  |  | 14.01 |
Weighted-average discount rate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  |  |  |  |  |  |  |  |  |  | 5.89 | % |  |  | 5.77 | %
Finance leases |  |  |  |  |  |  |  |  |  |  | 7.91 | % |  |  | 7.73 | %
Schedule of Estimated Future Minimum Lease Payments Under Non-cancellable Leases Excluding Variable Leases and Variable Non-lease Components | As of September 30, 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 |  | $ | 6,188 |  |  | $ | 1,458 |  |  | $ | 7,646 |
2021 |  |  | 20,043 |  |  |  | 4,284 |  |  |  | 24,327 |
2022 |  |  | 15,844 |  |  |  | 3,796 |  |  |  | 19,640 |
2023 |  |  | 13,407 |  |  |  | 3,276 |  |  |  | 16,683 |
2024 |  |  | 10,265 |  |  |  | 2,609 |  |  |  | 12,874 |
Thereafter |  |  | 54,410 |  |  |  | 23,556 |  |  |  | 77,966 |
Total future lease payments |  |  | 120,157 |  |  |  | 38,979 |  |  |  | 159,136 |
Less: Amount representing interest |  |  | (28,597 | ) |  |  | (15,961 | ) |  |  | (44,558 | )
Present value of minimum lease payments |  |  | 91,560 |  |  |  | 23,018 |  |  |  | 114,578 |
Current portion |  |  | 17,872 |  |  |  | 2,895 |  |  |  | 20,767 |
Long-term portion |  | $ | 73,688 |  |  | $ | 20,123 |  |  | $ | 93,811 |
Schedule of Estimated Future Minimum Rentals Under Non-cancellable Leases | As of September 30, 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 |  | $ | 431 |
2021 |  |  | 1,499 |
2022 |  |  | 1,046 |
2023 |  |  | 830 |
2024 |  |  | 612 |
Thereafter |  |  | 1,765 |
Total minimum rents |  | $ | 6,183 |

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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=121609121&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=121576215&loc=SL77919396-209981 + 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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