XML 32 R17.htm IDEA: XBRL DOCUMENT

Other Long-Term Liabilities

6 Months Ended

Jun. 30, 2019

Note 9 – Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):

	June 30,		December 31,
	2019		2018
Accrued warranty reserve	$	653,095	$	547,125
Build-to-suit lease liability		—		1,662,017
Operating lease right-of-use liabilities		1,030,797		—
Deferred rent expense		—		59,252
Financing obligation		44,549		50,383
Sales return reserve		577,914		84,143
Other noncurrent liabilities		349,365		307,483
Total other long-term liabilities	$	2,655,720	$	2,710,403

As of December 31, 2018, the table above included $1.66 billion of gross non-current build-to-suit lease liabilities. As a result of the adoption of the new lease standard on January 1, 2019, we have de-recognized all build-to-suit lease liabilities and have reassessed these leases to be operating lease right-of-use liabilities as of June 30, 2019. Due to price adjustments we made to our vehicle offerings during the six months ended June 30, 2019, we increased our sales return reserve significantly on vehicles previously sold under our buyback options program. Refer to Note 2, Summary of Significant Accounting Policies, for details on these transactions.