XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.1

Leases (Tables)

3 Months Ended

Mar. 30, 2019

Leases [Abstract]

Lease, Cost

The following table summarizes the Company’s classification of lease cost (in thousands):

				Fiscal three months ended
		Statement of Income Location		March 30, 2019
Finance lease cost:
Amortization of lease assets		Depreciation and amortization		$	1,045
Interest on lease liabilities		Interest expense, net		405
Operating lease cost		Selling, general and administrative expenses		86,221
Net lease cost				$	87,671

Lessee, Operating Lease, Liability, Maturity

The following table summarizes the maturity of the Company’s lease liabilities (in thousands):

		Operating Leases (a)				Finance Leases				Total
2019		$	264,822			$	3,913			$	268,735
2020		339,005				5,234				344,239
2021		316,891				5,294				322,185
2022		294,032				4,172				298,204
2023		269,281				2,980				272,261
After 2023		1,209,867				20,169				1,230,036
Total lease payments		2,693,898				41,762				2,735,660
Less: Interest		(503,937		)		(9,743		)		(513,680		)
Present value of lease liabilities		$	2,189,961			$	32,019			$	2,221,980

(a) Operating lease payments exclude $152.4 million of legally binding minimum lease payments for leases signed, but not yet commenced.

Finance Lease, Liability, Maturity

The following table summarizes the maturity of the Company’s lease liabilities (in thousands):

		Operating Leases (a)				Finance Leases				Total
2019		$	264,822			$	3,913			$	268,735
2020		339,005				5,234				344,239
2021		316,891				5,294				322,185
2022		294,032				4,172				298,204
2023		269,281				2,980				272,261
After 2023		1,209,867				20,169				1,230,036
Total lease payments		2,693,898				41,762				2,735,660
Less: Interest		(503,937		)		(9,743		)		(513,680		)
Present value of lease liabilities		$	2,189,961			$	32,019			$	2,221,980

(a) Operating lease payments exclude $152.4 million of legally binding minimum lease payments for leases signed, but not yet commenced.

Leases, Term and Discount Rate

The following table summarizes the Company’s lease term and discount rate:

		March 30, 2019
Weighted-average remaining lease term (years):
Finance leases		9.5
Operating leases		9.2
Weighted-average discount rate:
Finance leases		5.2	%
Operating leases		4.4	%

Leases, Cash Flow Supplemental Disclosure

The following table summarizes the other information related to the Company’s lease liabilities (in thousands):

		Fiscal three months ended
		March 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Financing cash flows from finance leases		$	897
Operating cash flows from finance leases		405
Operating cash flows from operating leases		73,465

Schedule of Future Minimum Lease Payments for Capital Leases

As of December 29, 2018 future minimum payments, by year and in the aggregate, under leases with initial or remaining terms of one year or more consist of the following (in thousands):

		Capital Leases				Operating Leases
2019		$	5,215			$	344,836
2020		5,234				328,589
2021		5,294				306,572
2022		4,172				284,327
2023		2,980				260,518
Thereafter		20,169				1,175,972
Total minimum lease payments		43,064				$	2,700,814
Amount representing interest		(10,148		)
Present value of minimum lease payments		32,916
Less: current portion		(3,646		)
Long-term capital lease obligations		$	29,270

Schedule of Future Minimum Rental Payments for Operating Leases

As of December 29, 2018 future minimum payments, by year and in the aggregate, under leases with initial or remaining terms of one year or more consist of the following (in thousands):

		Capital Leases				Operating Leases
2019		$	5,215			$	344,836
2020		5,234				328,589
2021		5,294				306,572
2022		4,172				284,327
2023		2,980				260,518
Thereafter		20,169				1,175,972
Total minimum lease payments		43,064				$	2,700,814
Amount representing interest		(10,148		)
Present value of minimum lease payments		32,916
Less: current portion		(3,646		)
Long-term capital lease obligations		$	29,270

X

- Definition

Leases, Cash Flow Supplemental Disclosure [Table Text Block]

+ References

No definition available.

+ Details

Name:	tsco_LeasesCashFlowSupplementalDisclosureTableTextBlock
Namespace Prefix:	tsco_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Leases, Term and Discount Rate [Table Text Block]

+ References

No definition available.

+ Details

Name:	tsco_LeasesTermandDiscountRateTableTextBlock
Namespace Prefix:	tsco_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration