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Leases | 9 Months Ended
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Sep. 30, 2021
Leases [Abstract] |
Leases | Leases The components of lease expense were as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30 |  | September 30
(In thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Finance leases: |  |  |  |  |  |  |  |
Amortization expense |  | $ | 743 |  |  | $ | 377 |  |  | $ | 1,692 |  |  | $ | 1,115 |
Interest on lease liabilities |  | 129 |  |  | 43 |  |  | 340 |  |  | 139 |
Operating leases |  | 8,554 |  |  | 8,558 |  |  | 25,296 |  |  | 21,745 |
Variable and short-term lease expense |  | 12,756 |  |  | 11,572 |  |  | 38,952 |  |  | 29,169 |
Sublease income |  | (1) |  |  | (51) |  |  | (52) |  |  | (150) |
Total lease expense from continuing operations |  | $ | 22,181 |  |  | $ | 20,499 |  |  | $ | 66,228 |  |  | $ | 52,018 |
Supplemental cash flow information related to leases was as follows:
|  | Nine Months Ended
|  | September 30
(In thousands) |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Cash flows from operating activities - Operating leases |  | $ | 24,747 |  |  | $ | 20,512 |
Cash flows from financing activities - Finance leases |  | 1,978 |  |  | 997 |
ROU assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  | $ | 29,190 |  |  | $ | 62,507 |
Finance leases |  | 5,911 |  |  | 1,613 |
Supplemental balance sheet information related to leases was as follows:
(In thousands) |  | September 30 2021 |  | December 31 2020
Operating Leases: |  |  |  |
Operating lease ROU assets |  | $ | 98,841 |  |  | $ | 96,849 |
Current portion of operating lease liabilities |  | 25,112 |  |  | 24,862 |
Operating lease liabilities |  | 72,090 |  |  | 69,860 |
Finance Leases: |  |  |  |
Property, plant and equipment, net |  | $ | 12,508 |  |  | $ | 8,434 |
Current maturities of long-term debt |  | 2,724 |  |  | 1,683 |
Long-term debt |  | 10,011 |  |  | 6,867 |
Supplemental additional information related to leases was as follows:
|  | September 30 2021 |  | December 31 2020
Other information: |  |  |  |
Weighted average remaining lease term - Operating leases (in years) |  | 7.44 |  | 8.00
Weighted average remaining lease term - Finance leases (in years) |  | 6.41 |  | 8.20
Weighted average discount rate - Operating leases |  | 5.9 | % |  | 6.1 | %
Weighted average discount rate - Finance leases |  | 4.9 | % |  | 5.1 | %
Maturities of lease liabilities were as follows:
(In thousands) |  | Operating Leases |  | Finance Leases
Year Ending December 31: |  |  |  |
2021 (excluding the nine months ended September 30, 2021) |  | $ | 8,027 |  |  | $ | 849 |
2022 |  | 28,602 |  |  | 3,220 |
2023 |  | 22,897 |  |  | 3,001 |
2024 |  | 16,537 |  |  | 2,615 |
2025 |  | 11,284 |  |  | 1,576 |
After 2025 |  | 36,936 |  |  | 3,754 |
Total lease payments |  | 124,283 |  |  | 15,015 |
Less: Imputed interest |  | (27,081) |  |  | (2,280) |
Total |  | $ | 97,202 |  |  | $ | 12,735 |
The Company's leases, excluding short-term leases, have remaining terms of less than one year to 29 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 September 30, 2021, the Company had additional operating leases for property and equipment that had not yet commenced with estimated operating lease obligations of approximately $11.8 million to recognize upon anticipated lease commencement in the fourth quarter of 2021 through the second quarter of 2022. 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:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30 |  | September 30
(In thousands) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Finance leases: |  |  |  |  |  |  |  |
Amortization expense |  | $ | 743 |  |  | $ | 377 |  |  | $ | 1,692 |  |  | $ | 1,115 |
Interest on lease liabilities |  | 129 |  |  | 43 |  |  | 340 |  |  | 139 |
Operating leases |  | 8,554 |  |  | 8,558 |  |  | 25,296 |  |  | 21,745 |
Variable and short-term lease expense |  | 12,756 |  |  | 11,572 |  |  | 38,952 |  |  | 29,169 |
Sublease income |  | (1) |  |  | (51) |  |  | (52) |  |  | (150) |
Total lease expense from continuing operations |  | $ | 22,181 |  |  | $ | 20,499 |  |  | $ | 66,228 |  |  | $ | 52,018 |
Supplemental cash flow information related to leases was as follows:
|  | Nine Months Ended
|  | September 30
(In thousands) |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Cash flows from operating activities - Operating leases |  | $ | 24,747 |  |  | $ | 20,512 |
Cash flows from financing activities - Finance leases |  | 1,978 |  |  | 997 |
ROU assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  | $ | 29,190 |  |  | $ | 62,507 |
Finance leases |  | 5,911 |  |  | 1,613 |
Supplemental balance sheet information related to leases was as follows:
(In thousands) |  | September 30 2021 |  | December 31 2020
Operating Leases: |  |  |  |
Operating lease ROU assets |  | $ | 98,841 |  |  | $ | 96,849 |
Current portion of operating lease liabilities |  | 25,112 |  |  | 24,862 |
Operating lease liabilities |  | 72,090 |  |  | 69,860 |
Finance Leases: |  |  |  |
Property, plant and equipment, net |  | $ | 12,508 |  |  | $ | 8,434 |
Current maturities of long-term debt |  | 2,724 |  |  | 1,683 |
Long-term debt |  | 10,011 |  |  | 6,867 |
Supplemental additional information related to leases was as follows:
|  | September 30 2021 |  | December 31 2020
Other information: |  |  |  |
Weighted average remaining lease term - Operating leases (in years) |  | 7.44 |  | 8.00
Weighted average remaining lease term - Finance leases (in years) |  | 6.41 |  | 8.20
Weighted average discount rate - Operating leases |  | 5.9 | % |  | 6.1 | %
Weighted average discount rate - Finance leases |  | 4.9 | % |  | 5.1 | %
Maturities of lease liabilities were as follows:
(In thousands) |  | Operating Leases |  | Finance Leases
Year Ending December 31: |  |  |  |
2021 (excluding the nine months ended September 30, 2021) |  | $ | 8,027 |  |  | $ | 849 |
2022 |  | 28,602 |  |  | 3,220 |
2023 |  | 22,897 |  |  | 3,001 |
2024 |  | 16,537 |  |  | 2,615 |
2025 |  | 11,284 |  |  | 1,576 |
After 2025 |  | 36,936 |  |  | 3,754 |
Total lease payments |  | 124,283 |  |  | 15,015 |
Less: Imputed interest |  | (27,081) |  |  | (2,280) |
Total |  | $ | 97,202 |  |  | $ | 12,735 |
The Company's leases, excluding short-term leases, have remaining terms of less than one year to 29 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 September 30, 2021, the Company had additional operating leases for property and equipment that had not yet commenced with estimated operating lease obligations of approximately $11.8 million to recognize upon anticipated lease commencement in the fourth quarter of 2021 through the second quarter of 2022. There are no material residual value guarantees or material restrictive covenants in any of the Company's leases.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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