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Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

			Three Months Ended June 30, 2019						Six Months Ended June 30, 2019
Finance lease cost:
Amortization of right-of-use asset			$	157					$	305
Interest on lease liabilities			17						35
Total finance lease cost			174						340
Operating lease cost			7,931						15,501
Short-term lease cost			4,116						8,397
Total lease cost			$	12,221					$	24,238

Supplemental cash flow information related to leases was as follows:

			Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	15,295
Operating cash flows from finance leases			30
Financing cash flows from finance leases			2,377
Non-cash information:
Right-of-use assets obtained in exchange for lease obligations:
Operating leases			9,419
Finance leases			593

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

			June 30, 2019
Operating Leases
Operating lease right-of-use assets			$	115,284
Operating lease liabilities – short term			26,022
Operating lease liabilities – long term			89,503
Total operating lease liabilities			$	115,525
Finance Leases
Property, plant and equipment – gross			$	2,354
Accumulated depreciation			(1,034)
Property, plant and equipment – net			$	1,320
Accounts payable			591
Other liabilities			739
Total finance lease liabilities			$	1,330
Weighted Average Remaining Lease Term
Operating leases			10.64 years
Finance leases			2.38 years
Weighted Average Discount Rate
Operating leases			6.14		%
Finance leases			5.20		%

Schedule of New Accounting Pronouncements

The cumulative effect of the changes made to the Condensed Consolidated Balance Sheets for the adoption of the new leasing standard on January 1, 2019 was as follows:

			Balance Sheet accounts prior to new leasing standard adoption adjustments						Adjustments due to the adoption of the new leasing standard						Balance Sheet accounts after the new leasing standard adoption adjustments
ASSETS
Property, plant and equipment – net			$	1,032					$	—					$	1,032
Operating lease right-of-use assets			—						117,921						117,921
Total assets			1,034,626						$	117,921					1,152,547
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable			$	318					$	—					$	318
Operating lease liabilities – short term			—						24,794						24,794
Total current liabilities			284,724						24,794						309,518
Operating lease liabilities – long term			—						93,127						93,127
Other liabilities			762						—						762
Total liabilities			614,288						117,921						732,209
Total equity			420,338						—						420,338
Total liabilities and equity			1,034,626						$	117,921					1,152,547

Maturities of Finance Lease Liabilities

Maturities of lease liabilities were as follows:

Year Ending December 31,			Operating Leases						Finance Leases
2019 (remainder)			$	16,402					$	332
2020			31,412						610
2021			19,736						374
2022			14,973						99
2023			12,350						—
Thereafter			70,291						—
Total lease payments			165,164						1,415
Less imputed interest			(49,639)						(85)
Total			$	115,525					$	1,330

Maturities of Operating Lease Liabilities

Maturities of lease liabilities were as follows:

Year Ending December 31,			Operating Leases						Finance Leases
2019 (remainder)			$	16,402					$	332
2020			31,412						610
2021			19,736						374
2022			14,973						99
2023			12,350						—
Thereafter			70,291						—
Total lease payments			165,164						1,415
Less imputed interest			(49,639)						(85)
Total			$	115,525					$	1,330

Schedule of Future Minimum Rental Payments for Operating Leases

As previously disclosed in our 2018 Form 10-K and under the previous lease accounting standard, future minimum lease payments for leases having initial or remaining non-cancellable lease terms in excess of one year would have been as follows:

Year Ending December 31,			Operating Leases						Capital Leases
2019			$	36,110					$	239
2020			29,318						212
2021			16,111						131
2022			11,571						89
2023			9,104						—
Thereafter			26,627						—
Total lease payments			$	128,841					$	671

Schedule of Future Minimum Lease Payments for Capital Leases

As previously disclosed in our 2018 Form 10-K and under the previous lease accounting standard, future minimum lease payments for leases having initial or remaining non-cancellable lease terms in excess of one year would have been as follows:

Year Ending December 31,			Operating Leases						Capital Leases
2019			$	36,110					$	239
2020			29,318						212
2021			16,111						131
2022			11,571						89
2023			9,104						—
Thereafter			26,627						—
Total lease payments			$	128,841					$	671

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