Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Lease, Cost
The components of lease costs for the three and nine months ended September 30, 2019 were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2019
 
(in thousands)
Operating lease cost
$
3,469

 
$
10,431

 
 
 
 
Finance lease cost:
 
 
 
Depreciation of finance lease asset
$
992

 
$
2,977

Interest on lease liabilities
1,062

 
3,169

Total finance lease cost
$
2,054

 
6,146


Supplemental cash flow information related to leases for the nine months ended September 30, 2019, was as follows, in thousands:
Cash payments for lease liabilities within operating activities:
 
Operating leases
$
11,488

Finance leases
$
3,169

Non-cash activity:
 
Right-of-use assets obtained in exchange for operating lease obligations
$
21,192


Assets And Liabilities, Lessee
Supplemental balance sheet information related to leases at September 30, 2019, was as follows:
 
Operating leases
 
Finance leases
 
Total leases
 
(in thousands, except lease term and discount rate)
Right-of-use assets
$
51,709

 
$
55,233

 
$
106,942

 
 
 
 
 
 
Lease liabilities, current (1)
$
10,331

 
$
3,254

 
$
13,585

Lease liabilities, net of current portion
46,265

 
74,262

 
120,527

Total lease liabilities
$
56,596

 
$
77,516

 
$
134,112

 
 
 
 
 
 
Weighted average remaining term (in years)
6.3

 
13.9

 
 
Weighted average discount rate
5.1
%
 
5.4
%
 
 
(1) 
Included in the line “Accrued expenses and other current liabilities” in the accompanying Condensed Consolidated Balance Sheets.
Finance Lease, Liability, Maturity
At September 30, 2019, future maturities of lease liabilities due under these lease agreements were as follows for the years ending December 31, in thousands:
 
Operating leases
 
Finance leases
 
Total leases
2019
$
2,937

 
$
1,245

 
$
4,182

2020
11,947

 
7,398

 
19,345

2021
10,848

 
7,504

 
18,352

2022
9,845

 
7,609

 
17,454

2023
9,367

 
7,714

 
17,081

Thereafter
21,607

 
80,033

 
101,640

Total undiscounted lease payments
66,551

 
111,503

 
178,054

Present value adjustment
(9,955
)
 
(33,987
)
 
(43,942
)
Present value of lease payments
$
56,596

 
$
77,516

 
$
134,112


Lessee, Operating Lease, Liability, Maturity
At September 30, 2019, future maturities of lease liabilities due under these lease agreements were as follows for the years ending December 31, in thousands:
 
Operating leases
 
Finance leases
 
Total leases
2019
$
2,937

 
$
1,245

 
$
4,182

2020
11,947

 
7,398

 
19,345

2021
10,848

 
7,504

 
18,352

2022
9,845

 
7,609

 
17,454

2023
9,367

 
7,714

 
17,081

Thereafter
21,607

 
80,033

 
101,640

Total undiscounted lease payments
66,551

 
111,503

 
178,054

Present value adjustment
(9,955
)
 
(33,987
)
 
(43,942
)
Present value of lease payments
$
56,596

 
$
77,516

 
$
134,112