XML 16 R24.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Leases (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
Leases of Lessee Disclosure [Text Block] | LEASES The Company adopted ASC 842 - Leases with an effective date of January 1, 2019. The operating lease right-of-use asset recognized upon adoption was $92.7 million, and the lease liability was $93.5 million. The Company elected the practical expedients package under ASC 842, and accordingly did not reassess any previously expired or existing arrangements, and related classification under ASC 840 - Leases. The Company's operating leases primarily comprise real estate and vehicles. Real estate leases are largely related to sales and marketing, service, and administrative offices, while vehicle leases are primarily related to the Company's field sales and service organization. The consolidated balance sheet included the following balances as of December 31:
| 2019 |  | Balance Sheet Location
Right-of-use assets, net | $ | 87,317 |  |  | Other non-current assets
Current lease liability | $ | 27,584 |  |  | Accrued and other liabilities
Non-current lease liability | 60,937 |  |  | Other non-current liabilities
Total operating lease liability | $ | 88,521 |  |  |
As of December 31, 2019, the Company has entered into additional real estate operating leases of $23.3 million that are expected to commence in 2020. For the twelve months ended December 31, 2019, the Company had the following recorded in selling, general, and administrative associated with leasing arrangements:
|  | 2019
Operating lease expense |  | $ | 33,666 |
Variable lease expense |  | 4,337 |
Short-term lease expense |  | 1,187 |
Total lease expense |  | $ | 39,190 |
Weighted average remaining lease term |  | 6.4 years |
Weighted average discount rate |  | 2.9 | %
Rent expense for operating leases under ASC 840 - Leases was $38.9 million and $36.9 million for the years ended December 31, 2018 and 2017, respectively. Accruals and other on the consolidated statement of cash flows includes the amortization of the lease right-of-use asset of $31.1 million, offset by a change in the lease liability of $30.1 million for the year ended December 31, 2019. Lease payments within operating activities were $33.5 million for the year ended December 31, 2019. The Company also had non-cash lease right-of-use assets in exchange for lease liabilities of $25.7 million for the year ended December 31, 2019. The following is a maturity analysis of the annual undiscounted cash flows for the annual periods ended December 31:
2020 |  | $ | 29,685 |
2021 |  | 21,211 |
2022 |  | 13,059 |
2023 |  | 8,241 |
2024 |  | 4,449 |
Thereafter |  | 21,672 |
Total lease payments |  | 98,317 |
Less imputed interest |  | (9,796 | )
Total operating lease liability |  | $ | 88,521 |
The following is the future minimum lease payments under non-cancellable leases as of December 31, 2018:
2019 |  | $ | 32,113 |
2020 |  | 23,771 |
2021 |  | 16,986 |
2022 |  | 9,855 |
2023 |  | 7,435 |
Thereafter |  | 5,081 |
Total lease payments |  | $ | 95,241 |

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 The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration