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 [Table Text Block]
The following table summarizes the Company's lease costs for the three and nine months ended September 30, 2019 and related information:
 
Three months ended
 
Nine months ended
 
September 30, 2019
 
September 30, 2019
Lease cost
 
 
 
Finance lease cost:
 
 
 
Amortization of right-of-use assets
$
405

 
$
571

Interest on lease liabilities
53

 
61

Operating lease cost
15,650

 
42,521

Short-term lease cost
3,130

 
8,635

Variable lease cost
97,864

 
271,129

Sublease income
(535
)
 
(1,629
)
Total lease cost
$
116,567

 
$
321,288

 
 
 
 
Other information
 
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from finance leases
$
53

 
$
61

Operating cash flows from operating leases
$
15,146

 
$
41,524

Financing cash flows from finance leases
$
391

 
$
528

Right-of-use assets obtained in exchange for new finance lease liabilities
$
7,204

 
$
7,204

Right-of-use assets obtained in exchange for new operating lease liabilities
$
21,730

 
$
195,226

Weighted-average remaining lease term - finance leases (in years)
4.8

 
4.8

Weighted-average remaining lease term - operating leases (in years)
3.8

 
3.8

Weighted-average discount rate - finance leases
3.4
%
 
3.4
%
Weighted-average discount rate - operating leases
4.2
%
 
4.2
%



Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]
The table below reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the lease liabilities recorded on the balance sheet as of September 30, 2019:

Payment Due Period
Operating Leases
Finance Leases
2019
$
15,651

$
419

2020
58,507

1,676

2021
43,540

1,676

2022
28,803

1,407

2023
19,577

1,265

Thereafter
18,995

1,112

Total minimum lease payments
185,073

7,555

Less: amount of lease payments representing interest
(25,383
)
(677
)
Present value of future minimum lease payments
159,690

6,878

Less: current portion of lease obligations
(47,137
)
(1,465
)
Long-term lease obligations
$
112,553

$
5,413