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Leases (Tables)

12 Months Ended

Dec. 31, 2019

The components of lease expense are as follows:

		Year Ended
(In thousands)	Classification	December 31, 2019
Operating lease cost
Operating lease cost	Operating and SG&A expenses	$	46,515
Variable lease cost	Operating and SG&A expenses		17,184
Short-term lease cost	Operating and SG&A expenses		6,617
Total operating lease cost		$	70,316

Finance lease cost
Amortization of lease assets	Depreciation and amortization	$	2,389
Interest on lease liabilities	Interest expense, net		439
Total finance lease cost		$	2,828

Supplemental cash flow information related to leases is as follows:

	Year Ended
(In thousands)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	47,084
Operating cash flows from finance leases		429
Financing cash flows from finance leases		2,485

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	97,790
Finance leases		7,559

Supplemental balance sheet information related to leases is as follows:

(In thousands, except lease term and discount rate)	December 31, 2019
Operating leases
Operating lease right-of-use assets, gross	$	226,884
Accumulated amortization		(23,353	)
Operating lease right-of-use assets, net	$	203,531

Current portion of operating leases	$	33,883
Noncurrent operating leases		184,301
Total operating lease liabilities	$	218,184

Finance leases
Property and equipment, gross	$	19,920
Accumulated depreciation		(3,787	)
Property and equipment, net	$	16,133

Current portion of finance leases, net	$	3,662
Noncurrent finance leases, net		8,801
Total finance lease liabilities	$	12,463

The following presents additional information related to the Company’s leases as of December 31, 2019:

Weighted Average Remaining Lease Term
Operating leases	8.9 years
Finance leases	7.0 years

Weighted Average Discount Rate
Operating leases		6.0	%
Finance leases		6.5	%

As of December 31, 2019, maturities of lease liabilities were as follows:

	Operating			Finance
(In thousands)	Leases			Leases			Total
2020	$	45,171		$	4,442		$	49,613
2021		43,653			3,953			47,606
2022		37,218			2,617			39,835
2023		31,540			529			32,069
2024		30,490			227			30,717
Thereafter		101,441			3,828			105,269
Total lease payments		289,513			15,596			305,109
Less: interest		(71,329	)		(3,133	)		(74,462	)
Present value of lease liabilities	$	218,184		$	12,463		$	230,647

Minimum and contingent operating lease income is as follows:

Future minimum rental payments to be received under operating leases:

(In thousands)	Operating Leases
Remaining 2020	$	4,261
2021		3,280
2023		2,433
2024		1,763
2025		826
Thereafter		1,720
Total future minimum rentals	$	14,283

As of December 31, 2018, maturities of lease liabilities were as follows:

	Operating		Finance
(In thousands)	Leases		Leases			Total
2019	$	55,859	$	1,817		$	57,676
2020		27,453		2,023			29,476
2021		23,041		1,405			24,446
2022		19,582		306			19,888
2023		16,115		253			16,368
Thereafter		103,436		7,644			111,080
Total minimum lease payments	$	245,486		13,448			258,934
Less: interest				(6,321	)		(6,321	)
Present value of lease liabilities			$	7,127		$	252,613