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Leases | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
Leases | Leases The components of lease expense were as follows:
|  | Year Ended
(In thousands) |  | December 31 2019
Finance leases: |  |
Amortization expense |  | $ | 1,234 |
Interest on lease liabilities |  | 50 |
Operating leases |  | 16,083 |
Short-term leases |  | 22,281 |
Variable lease expense |  | 1,189 |
Sublease income |  | (198 | )
Total lease expense from continuing operations |  | $ | 40,639 |
Supplemental cash flow information related to leases was as follows:
|  | Year Ended
(In thousands) |  | December 31 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Cash flows from operating activities - Operating leases |  | $ | 15,143 |
Cash flows from financing activities - Finance leases |  | 1,317 |
Right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases (a) |  | $ | 65,525 |
Finance leases |  | 2,658 |
(a) | Includes ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and $25.8 million that were recorded upon the acquisition of Clean Earth. See Note 2, Recently Adopted and Recently Issued Accounting Standards, and Note 3, Acquisitions and Dispositions, for additional information.
Supplemental balance sheet information related to leases was as follows:
(In thousands) |  | December 31 2019
Operating Leases: |  |
Operating lease right-of-use assets |  | $ | 52,065 |
Current portion of operating lease liabilities |  | 12,544 |
Operating lease liabilities |  | 36,974 |
Finance Leases: |  |
Property, plant and equipment, net |  | $ | 3,519 |
Current maturities of long-term debt |  | 1,237 |
Long-term debt |  | 2,218 |
Supplemental additional information related to leases is as follows:
|  | December 31 2019
Other information: |  |
Weighted average remaining lease term - Operating leases (in years) |  | 11.57 |
Weighted average remaining lease term - Finance leases (in years) |  | 4.01 |
Weighted average discount rate - Operating leases |  | 6.3 | %
Weighted average discount rate - Finance leases |  | 4.2 | %
Maturities of lease liabilities were as follows:
(In thousand) |  | Operating Leases |  | Finance Leases
Year Ending December 31 st: |  |  |  |
2020 |  | $ | 15,045 |  |  | $ | 1,360 |
2021 |  | 11,159 |  |  | 908 |
2022 |  | 7,166 |  |  | 655 |
2023 |  | 5,044 |  |  | 477 |
2024 |  | 2,991 |  |  | 312 |
After 2024 |  | 31,932 |  |  | 3 |
Total lease payments |  | 73,337 |  |  | 3,715 |
Less: Imputed interest |  | (23,819 | ) |  | (260 | )
Total |  | $ | 49,518 |  |  | $ | 3,455 |
As previously disclosed, under then in effect lease accounting in accordance with U.S. GAAP, future minimum payments under operating leases with noncancelable terms were as follows as of December 31, 2018:
(In thousands) |  |
2019 |  | $ | 10,761 |
2020 |  | 8,938 |
2021 |  | 6,235 |
2022 |  | 4,602 |
2023 |  | 3,083 |
After 2023 |  | 17,170 |
The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.8 years, some of which include options to extend for up to 10 years, and some of which include options to terminate within one year. As of December 31, 2019, the Company had no material operating leases that had not yet commenced. There are no material residual value guarantees or material restrictive covenants in any of the Company's leases.
Leases | Leases The components of lease expense were as follows:
|  | Year Ended
(In thousands) |  | December 31 2019
Finance leases: |  |
Amortization expense |  | $ | 1,234 |
Interest on lease liabilities |  | 50 |
Operating leases |  | 16,083 |
Short-term leases |  | 22,281 |
Variable lease expense |  | 1,189 |
Sublease income |  | (198 | )
Total lease expense from continuing operations |  | $ | 40,639 |
Supplemental cash flow information related to leases was as follows:
|  | Year Ended
(In thousands) |  | December 31 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Cash flows from operating activities - Operating leases |  | $ | 15,143 |
Cash flows from financing activities - Finance leases |  | 1,317 |
Right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases (a) |  | $ | 65,525 |
Finance leases |  | 2,658 |
(a) | Includes ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and $25.8 million that were recorded upon the acquisition of Clean Earth. See Note 2, Recently Adopted and Recently Issued Accounting Standards, and Note 3, Acquisitions and Dispositions, for additional information.
Supplemental balance sheet information related to leases was as follows:
(In thousands) |  | December 31 2019
Operating Leases: |  |
Operating lease right-of-use assets |  | $ | 52,065 |
Current portion of operating lease liabilities |  | 12,544 |
Operating lease liabilities |  | 36,974 |
Finance Leases: |  |
Property, plant and equipment, net |  | $ | 3,519 |
Current maturities of long-term debt |  | 1,237 |
Long-term debt |  | 2,218 |
Supplemental additional information related to leases is as follows:
|  | December 31 2019
Other information: |  |
Weighted average remaining lease term - Operating leases (in years) |  | 11.57 |
Weighted average remaining lease term - Finance leases (in years) |  | 4.01 |
Weighted average discount rate - Operating leases |  | 6.3 | %
Weighted average discount rate - Finance leases |  | 4.2 | %
Maturities of lease liabilities were as follows:
(In thousand) |  | Operating Leases |  | Finance Leases
Year Ending December 31 st: |  |  |  |
2020 |  | $ | 15,045 |  |  | $ | 1,360 |
2021 |  | 11,159 |  |  | 908 |
2022 |  | 7,166 |  |  | 655 |
2023 |  | 5,044 |  |  | 477 |
2024 |  | 2,991 |  |  | 312 |
After 2024 |  | 31,932 |  |  | 3 |
Total lease payments |  | 73,337 |  |  | 3,715 |
Less: Imputed interest |  | (23,819 | ) |  | (260 | )
Total |  | $ | 49,518 |  |  | $ | 3,455 |
As previously disclosed, under then in effect lease accounting in accordance with U.S. GAAP, future minimum payments under operating leases with noncancelable terms were as follows as of December 31, 2018:
(In thousands) |  |
2019 |  | $ | 10,761 |
2020 |  | 8,938 |
2021 |  | 6,235 |
2022 |  | 4,602 |
2023 |  | 3,083 |
After 2023 |  | 17,170 |
The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.8 years, some of which include options to extend for up to 10 years, and some of which include options to terminate within one year. As of December 31, 2019, the Company had no material operating leases that had not yet commenced. There are no material residual value guarantees or material restrictive covenants in any of the Company's leases.
Leases | Leases The components of lease expense were as follows:
|  | Year Ended
(In thousands) |  | December 31 2019
Finance leases: |  |
Amortization expense |  | $ | 1,234 |
Interest on lease liabilities |  | 50 |
Operating leases |  | 16,083 |
Short-term leases |  | 22,281 |
Variable lease expense |  | 1,189 |
Sublease income |  | (198 | )
Total lease expense from continuing operations |  | $ | 40,639 |
Supplemental cash flow information related to leases was as follows:
|  | Year Ended
(In thousands) |  | December 31 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Cash flows from operating activities - Operating leases |  | $ | 15,143 |
Cash flows from financing activities - Finance leases |  | 1,317 |
Right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases (a) |  | $ | 65,525 |
Finance leases |  | 2,658 |
(a) | Includes ROU assets of approximately $34 million that were recorded upon adoption at January 1, 2019 and $25.8 million that were recorded upon the acquisition of Clean Earth. See Note 2, Recently Adopted and Recently Issued Accounting Standards, and Note 3, Acquisitions and Dispositions, for additional information.
Supplemental balance sheet information related to leases was as follows:
(In thousands) |  | December 31 2019
Operating Leases: |  |
Operating lease right-of-use assets |  | $ | 52,065 |
Current portion of operating lease liabilities |  | 12,544 |
Operating lease liabilities |  | 36,974 |
Finance Leases: |  |
Property, plant and equipment, net |  | $ | 3,519 |
Current maturities of long-term debt |  | 1,237 |
Long-term debt |  | 2,218 |
Supplemental additional information related to leases is as follows:
|  | December 31 2019
Other information: |  |
Weighted average remaining lease term - Operating leases (in years) |  | 11.57 |
Weighted average remaining lease term - Finance leases (in years) |  | 4.01 |
Weighted average discount rate - Operating leases |  | 6.3 | %
Weighted average discount rate - Finance leases |  | 4.2 | %
Maturities of lease liabilities were as follows:
(In thousand) |  | Operating Leases |  | Finance Leases
Year Ending December 31 st: |  |  |  |
2020 |  | $ | 15,045 |  |  | $ | 1,360 |
2021 |  | 11,159 |  |  | 908 |
2022 |  | 7,166 |  |  | 655 |
2023 |  | 5,044 |  |  | 477 |
2024 |  | 2,991 |  |  | 312 |
After 2024 |  | 31,932 |  |  | 3 |
Total lease payments |  | 73,337 |  |  | 3,715 |
Less: Imputed interest |  | (23,819 | ) |  | (260 | )
Total |  | $ | 49,518 |  |  | $ | 3,455 |
As previously disclosed, under then in effect lease accounting in accordance with U.S. GAAP, future minimum payments under operating leases with noncancelable terms were as follows as of December 31, 2018:
(In thousands) |  |
2019 |  | $ | 10,761 |
2020 |  | 8,938 |
2021 |  | 6,235 |
2022 |  | 4,602 |
2023 |  | 3,083 |
After 2023 |  | 17,170 |
The Company's leases, excluding short-term leases, have remaining terms of less than one year to 30.8 years, some of which include options to extend for up to 10 years, and some of which include options to terminate within one year. As of December 31, 2019, the Company had no material operating leases that had not yet commenced. There are no material residual value guarantees or material restrictive covenants in any of the Company's leases.

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