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Leases (Tables) | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The cumulative effect of the changes made to the consolidated January 1, 2019 balance sheet for the adoption of the new lease standard were as follows:
(in thousands) |  | December 31, 2018 As Previously Reported |  | Effect of the Adoption of ASC Topic 842 (Leases) |  | January 1, 2019 As Adjusted
Assets |  |  |  |  |  |
Prepaid expenses and other |  | $ | 60,162 |  |  | $ | (11,580 | ) |  | $ | 48,582 |
Property, plant and equipment, net |  | 701,359 |  |  | 1,789 |  |  | 703,148 |
Operating lease right-of-use assets |  | — |  |  | 369,344 |  |  | 369,344 |
Intangible assets, net |  | 366,029 |  |  | (13,828 | ) |  | 352,201 |
Liabilities |  |  |  |  |  |
Current operating lease liabilities |  | — |  |  | 38,773 |  |  | 38,773 |
Accrued liabilities and other |  | 14,563 |  |  | (412 | ) |  | 14,151 |
Deferred Lease |  | 22,436 |  |  | (22,436 | ) |  | — |
Noncurrent operating lease liabilities |  | — |  |  | 328,156 |  |  | 328,156 |
Other liabilities |  | 14,364 |  |  | 1,644 |  |  | 16,008 |
Lease Income and Costs and Lease Terms and Discount Rates | The following table summarizes other information related to operating and finance leases:
(in thousands) |  | Three Months Ended March 31, 2019
Operating cash flows from leases |  | $ | 14,671 |
Leased assets obtained in exchange for new operating lease liabilities |  | 4,588 |
The following table shows the components of lease income and costs:
(in thousands) |  | Three Months Ended March 31, 2019
Sublease income from operating leases |  | $ | 2,028 |
Operating lease expense |  | $ | 16,908 |
Amortization of lease assets |  | 118 |
Interest on lease liabilities |  | 22 |
Subtotal finance lease cost |  | 140 |
Net lease expense |  | $ | 16,768 |
The following table summarizes the lease terms and discount rates:
|  | March 31, 2019
Weighted-average remaining lease term (years) |  |
Operating leases |  | 8 |
Finance leases |  | 16 |
Weighted-average discount rate |  |
Operating leases |  | 4.8 | %
Finance leases |  | 5.2 | %
Expected Maturity of Lease Liabilities, Operating | The following table summarizes the expected maturity of lease liabilities at March 31, 2019:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2019 |  | $ | 41,246 |  |  | $ | 107 |  |  | $ | 41,353 |
2020 |  | 58,655 |  |  | 174 |  |  | 58,829 |
2021 |  | 57,202 |  |  | 174 |  |  | 57,376 |
2022 |  | 54,055 |  |  | 175 |  |  | 54,230 |
2023 |  | 50,279 |  |  | 174 |  |  | 50,453 |
2024 and thereafter |  | 180,606 |  |  | 1,583 |  |  | 182,189 |
Total lease payments |  | 442,043 |  |  | 2,387 |  |  | 444,430 |
Less: Interest |  | 80,008 |  |  | 1,075 |  |  | 81,083 |
Present value of lease liabilities |  | $ | 362,035 |  |  | $ | 1,312 |  |  | $ | 363,347 |
The Company's finance lease liabilities are presented in the accrued liabilities and other and the other liabilities lines of the condensed consolidated balance sheet. The related finance lease assets are included in the property, plant and equipment line. Our commitments under leases existing as of December 31, 2018 were approximately $55.1 million for the year ending December 31, 2019, $104.4 million in total for the years ending December 31, 2020 and 2021, $97.6 million in total for the years ending December 31, 2022 and 2023 and $168.5 million in total for years thereafter. The Company is also the lessor on agreements to lease assets such as collocation space on cell towers and dedicated fiber-optic strands to third parties. These agreements were accounted for as operating leases both before and after adoption of the new lease standard. The new lease standard did not have a significant impact on the recognition of revenue associated with these agreements. The following table summarizes the total minimum rental receipts under lease agreements at March 31, 2019:
(in thousands) |  | Operating Leases |
2019 |  | $ | 5,241 |  |
2020 |  | 6,109 |  |
2021 |  | 4,042 |  |
2022 |  | 2,914 |  |
2023 |  | 1,345 |  |
2024 and thereafter |  | 4,400 |  |
Total sublease income |  | $ | 24,051 |  |
Expected Maturity of Lease Liabilities, Financing | The following table summarizes the expected maturity of lease liabilities at March 31, 2019:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2019 |  | $ | 41,246 |  |  | $ | 107 |  |  | $ | 41,353 |
2020 |  | 58,655 |  |  | 174 |  |  | 58,829 |
2021 |  | 57,202 |  |  | 174 |  |  | 57,376 |
2022 |  | 54,055 |  |  | 175 |  |  | 54,230 |
2023 |  | 50,279 |  |  | 174 |  |  | 50,453 |
2024 and thereafter |  | 180,606 |  |  | 1,583 |  |  | 182,189 |
Total lease payments |  | 442,043 |  |  | 2,387 |  |  | 444,430 |
Less: Interest |  | 80,008 |  |  | 1,075 |  |  | 81,083 |
Present value of lease liabilities |  | $ | 362,035 |  |  | $ | 1,312 |  |  | $ | 363,347 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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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 undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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