XML 37 R25.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Components of Lease Expense
The following table provides the components of lease expense included within the Consolidated Statement of Comprehensive Loss for the three months ended March 31, 2019:
(In thousands)
Three Months Ended
March 31, 2019
Operating lease expense
$
168,461

Variable lease expense
31,891

The following table provides the weighted average remaining lease term and the weighted average discount rate for the Company's leases as of March 31, 2019. The weighted average discount rate is affected by the operating leases entered into by the iHM entities, which are Debtors in the Chapter 11 Cases.
 
March 31,
2019
Operating lease weighted average remaining lease term (in years)
10.0

Operating lease weighted average discount rate
12.44
%
Lessee, Operating Lease, Liability, Maturity
As of March 31, 2019, the Company’s future maturities of operating lease liabilities were as follows:
(In thousands)
2019
$
471,907

2020
550,241

2021
474,264

2022
387,920

2023
321,722

Thereafter
2,153,963

  Total lease payments
$
4,360,017

Less: Effect of discounting
1,894,444

  Total operating lease liability
$
2,465,573

Schedule of Cash Flow, Supplemental Disclosures
The following table provides supplemental cash flow information related to leases:
(In thousands)
Three Months Ended
March 31, 2019
 
 
Cash paid for amounts included in measurement of operating lease liabilities
$
189,472

Lease liabilities arising from obtaining right-of-use assets1
$
2,565,084

1Lease liabilities from obtaining right-of-use assets include transition liabilities upon adoption of ASC 842, as well as new leases entered into during the three months ended March 31, 2019.