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Leases | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Leases | 9. Leases In the first quarter of 2019, we adopted Accounting Standards Codification ("ASC") 842, Leases, which replaced the previous accounting standard, ASC 840. The new lease standard is a right-of-use model, requiring most lessee agreements to be recorded on the balance sheet. The intent of the standard is to provide greater transparency about lessee obligations and activities. The primary impact to our financial statements is that most operating leases are recorded on our consolidated balance sheet and enhanced disclosures are required for both operating and finance leases. As permitted by ASC 842, our accounting policy is to evaluate lessee agreements with a minimum term greater than one year for recording on the balance sheet. We adopted the standard using the modified retrospective approach, as of January 1, 2019. Prior year's financial results were not restated. On the adoption date, we recorded a right-of-use asset for $72 million in other assets, net, with a corresponding offset to other accrued liabilities and other noncurrent liabilities for $25 million and $47 million, respectively. There was no impact to retained deficit from adoption of the new standard. The following table presents the components of lease expense (in thousands):
| Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost | $ | 5,698 |  |  | $ | 18,585 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 1,785 |  |  | $ | 5,356 |
Interest on lease liabilities | 102 |  |  | 367 |
Total finance lease cost | $ | 1,887 |  |  | $ | 5,723 |
The following table presents supplemental cash flow information related to leases (in thousands):
| Nine Months Ended September 30, 2019
Supplemental Cash Flow Information |
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows used in operating leases | $ | 19,652 |
Operating cash flows used in finance leases | 367 |
Financing cash flows used in finance leases | 5,106 |
Right-of-use assets obtained in exchange for lease obligations: |
Operating leases | 15,712 |
Finance leases | — |
The following table presents supplemental balance sheet information related to leases (in thousands):
| September 30, 2019
Operating Leases |
Operating lease right-of-use assets | $ | 62,132 |
Other accrued liabilities | 22,866 |
Other noncurrent liabilities | 45,286 |
Total operating lease liabilities | $ | 68,152 |
Finance Leases |
Property and equipment | $ | 34,952 |
Accumulated depreciation | (25,446 | )
Property and equipment, net | $ | 9,506 |
Other accrued liabilities | $ | 6,357 |
Other noncurrent liabilities | 905 |
Total finance lease liabilities | $ | 7,262 |
The following table presents other supplemental information related to leases:
| September 30, 2019
Weighted Average Remaining Lease Term (in years) |
Operating leases | 4.8 |
Finance leases | 1.1 |
Weighted Average Discount Rate |
Operating leases | 5.3 | %
Finance leases | 4.8 | %
Our leases have remaining minimum terms that range between one and nine years. Some of our leases include options to extend for up to five additional years; others include options to terminate the agreement within three years. Future minimum lease payments under non-cancellable leases as of September 30, 2019 are as follows (in thousands):
Year Ending December 31, | Operating Leases |  | Finance Leases
2019 | $ | 7,064 |  |  | $ | 1,856 |
2020 | 20,973 |  |  | 5,610 |
2021 | 15,256 |  |  | — |
2022 | 11,192 |  |  | — |
2023 | 8,002 |  |  | — |
Thereafter | 17,696 |  |  | — |
Total | 80,183 |  |  | 7,466 |
Imputed Interest | (12,031 | ) |  | (204 | )
Total | $ | 68,152 |  |  | $ | 7,262 |
Leases | 9. Leases In the first quarter of 2019, we adopted Accounting Standards Codification ("ASC") 842, Leases, which replaced the previous accounting standard, ASC 840. The new lease standard is a right-of-use model, requiring most lessee agreements to be recorded on the balance sheet. The intent of the standard is to provide greater transparency about lessee obligations and activities. The primary impact to our financial statements is that most operating leases are recorded on our consolidated balance sheet and enhanced disclosures are required for both operating and finance leases. As permitted by ASC 842, our accounting policy is to evaluate lessee agreements with a minimum term greater than one year for recording on the balance sheet. We adopted the standard using the modified retrospective approach, as of January 1, 2019. Prior year's financial results were not restated. On the adoption date, we recorded a right-of-use asset for $72 million in other assets, net, with a corresponding offset to other accrued liabilities and other noncurrent liabilities for $25 million and $47 million, respectively. There was no impact to retained deficit from adoption of the new standard. The following table presents the components of lease expense (in thousands):
| Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost | $ | 5,698 |  |  | $ | 18,585 |
Finance lease cost: |  |  |
Amortization of right-of-use assets | $ | 1,785 |  |  | $ | 5,356 |
Interest on lease liabilities | 102 |  |  | 367 |
Total finance lease cost | $ | 1,887 |  |  | $ | 5,723 |
The following table presents supplemental cash flow information related to leases (in thousands):
| Nine Months Ended September 30, 2019
Supplemental Cash Flow Information |
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows used in operating leases | $ | 19,652 |
Operating cash flows used in finance leases | 367 |
Financing cash flows used in finance leases | 5,106 |
Right-of-use assets obtained in exchange for lease obligations: |
Operating leases | 15,712 |
Finance leases | — |
The following table presents supplemental balance sheet information related to leases (in thousands):
| September 30, 2019
Operating Leases |
Operating lease right-of-use assets | $ | 62,132 |
Other accrued liabilities | 22,866 |
Other noncurrent liabilities | 45,286 |
Total operating lease liabilities | $ | 68,152 |
Finance Leases |
Property and equipment | $ | 34,952 |
Accumulated depreciation | (25,446 | )
Property and equipment, net | $ | 9,506 |
Other accrued liabilities | $ | 6,357 |
Other noncurrent liabilities | 905 |
Total finance lease liabilities | $ | 7,262 |
The following table presents other supplemental information related to leases:
| September 30, 2019
Weighted Average Remaining Lease Term (in years) |
Operating leases | 4.8 |
Finance leases | 1.1 |
Weighted Average Discount Rate |
Operating leases | 5.3 | %
Finance leases | 4.8 | %
Our leases have remaining minimum terms that range between one and nine years. Some of our leases include options to extend for up to five additional years; others include options to terminate the agreement within three years. Future minimum lease payments under non-cancellable leases as of September 30, 2019 are as follows (in thousands):
Year Ending December 31, | Operating Leases |  | Finance Leases
2019 | $ | 7,064 |  |  | $ | 1,856 |
2020 | 20,973 |  |  | 5,610 |
2021 | 15,256 |  |  | — |
2022 | 11,192 |  |  | — |
2023 | 8,002 |  |  | — |
Thereafter | 17,696 |  |  | — |
Total | 80,183 |  |  | 7,466 |
Imputed Interest | (12,031 | ) |  | (204 | )
Total | $ | 68,152 |  |  | $ | 7,262 |

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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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