Quarterly report pursuant to Section 13 or 15(d)

Lease Accounting (Tables)

v3.20.1
Lease Accounting (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Aggregate Lease Costs by Lease Classification

The following table represents the Company’s aggregate lease costs, by lease classification, for the periods presented.

 

 

 

Three Months Ended

 

 

 

March 31,

 

Lease Cost

Classification

2020

 

 

2019

 

Operating lease costs

 

 

 

 

 

 

 

 

Equipment (1)

Utilities and other

$

1,541

 

 

$

1,743

 

Real Estate (2)(3)

Facility lease expense

 

81,658

 

 

 

84,785

 

Total operating lease costs

 

$

83,199

 

 

$

86,528

 

 

 

 

 

 

 

 

 

 

Finance lease costs

 

 

 

 

 

 

 

 

Amortization of leased assets

Depreciation and amortization

$

3,707

 

 

$

3,740

 

Interest on lease liabilities

Interest expense

 

1,851

 

 

 

2,021

 

Total finance lease costs

 

$

5,558

 

 

$

5,761

 

(1)

Includes approximately $413 and $620 of short-term lease payments for the three months ended March 31, 2020 and 2019, respectively.  

(2)

Includes approximately $12,247 and $15,934 of variable lease payments based on a change in index, such as CPI or inflation, variable payments based on revenues or attendance and variable common area maintenance costs for the three months ended March 31, 2020 and 2019, respectively.

(3)

Approximately $460 and $402 of lease payments are included in general and administrative expenses primarily related to office leases for the three months ended March 31, 2020 and 2019, respectively.  

 

Schedule of Minimum Cash Lease Payments

The following table represents the minimum cash lease payments included in the measurement of lease liabilities and the non-cash addition of assets for the periods indicated.

 

 

 

Three Months Ended

 

 

 

March 31,

 

Other Information

 

2020

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

 

 

Cash outflows for operating leases

 

$

70,539

 

 

$

69,974

 

Cash outflows for finance leases - operating activities

 

$

1,811

 

 

$

1,974

 

Cash outflows for finance leases - financing activities

 

$

3,789

 

 

$

3,517

 

Non-cash amount of leased assets obtained in exchange for:

 

 

 

 

 

 

 

 

Operating lease liabilities - real estate

 

$

37,615

 

 

$

 

Operating lease liabilities - equipment

 

$

188

 

 

$

101

 

Finance lease liabilities

 

$

 

 

$