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Leases (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating cash flows used by leases |  | $ | 16,002 |  |  | $ | 46,546 |
Leased assets obtained in exchange for new operating lease liabilities |  | 43,647 |  |  | 69,407 |
The following table shows the components of lease income and costs:
(in thousands) |  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Lease income from operating leases - fixed |  | $ | 2,149 |  |  | $ | 6,219 |
Operating lease expense |  | 18,151 |  |  | 51,811 |
Amortization of finance lease assets |  | 158 |  |  | 399 |
Interest on finance lease liabilities |  | 14 |  |  | 59 |
Subtotal finance lease cost |  | 172 |  |  | 458 |
Total lease expense |  | $ | 18,323 |  |  | $ | 52,269 |
The following table summarizes the lease terms and discount rates:
|  | September 30, 2019
Weighted-average remaining lease term (years) |  |
Operating leases |  | 8 |
Finance leases |  | 16 |
Weighted-average discount rate |  |
Operating leases |  | 4.6 | %
Finance leases |  | 5.2 | %
Expected Maturity of Lease Liabilities, Operating | The following table summarizes the expected maturity of lease liabilities at September 30, 2019:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2019 |  | $ | 12,742 |  |  | $ | 63 |  |  | $ | 12,805 |
2020 |  | 64,474 |  |  | 174 |  |  | 64,648 |
2021 |  | 65,087 |  |  | 174 |  |  | 65,261 |
2022 |  | 63,341 |  |  | 174 |  |  | 63,515 |
2023 |  | 59,885 |  |  | 174 |  |  | 60,059 |
2024 and thereafter |  | 242,115 |  |  | 1,704 |  |  | 243,819 |
Total lease payments |  | 507,644 |  |  | 2,463 |  |  | 510,107 |
Less: Interest |  | 103,481 |  |  | 748 |  |  | 104,229 |
Present value of lease liabilities |  | $ | 404,163 |  |  | $ | 1,715 |  |  | $ | 405,878 |
Expected Maturity of Lease Liabilities, Financing | The following table summarizes the expected maturity of lease liabilities at September 30, 2019:
(in thousands) |  | Operating Leases |  | Finance Leases |  | Total
2019 |  | $ | 12,742 |  |  | $ | 63 |  |  | $ | 12,805 |
2020 |  | 64,474 |  |  | 174 |  |  | 64,648 |
2021 |  | 65,087 |  |  | 174 |  |  | 65,261 |
2022 |  | 63,341 |  |  | 174 |  |  | 63,515 |
2023 |  | 59,885 |  |  | 174 |  |  | 60,059 |
2024 and thereafter |  | 242,115 |  |  | 1,704 |  |  | 243,819 |
Total lease payments |  | 507,644 |  |  | 2,463 |  |  | 510,107 |
Less: Interest |  | 103,481 |  |  | 748 |  |  | 104,229 |
Present value of lease liabilities |  | $ | 404,163 |  |  | $ | 1,715 |  |  | $ | 405,878 |
Minimum Rental Receipts Under Lease Agreement, Lessor, Operating Leases | The following table summarizes the total minimum rental receipts under lease agreements at September 30, 2019:
(in thousands) |  | Operating Leases
2019 |  | $ | 1,774 |
2020 |  | 6,621 |
2021 |  | 4,526 |
2022 |  | 3,432 |
2023 |  | 1,801 |
2024 and thereafter |  | 4,978 |
Total lease income |  | $ | 23,132 |

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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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- 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=77888428&loc=SL77919396-209981 + Details
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