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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease Costs
The components of lease expense were as follows:
December 31,
(DOLLARS IN THOUSANDS)20202019
Operating lease cost$61,624 $52,213 
Financing lease cost3,984 2,235 
The total rental expense, as calculated prior to the adoption of ASU 2016-02, for 2018 was approximately $42.4 million.
Supplemental cash flow information related to leases was as follows:
December 31,
(DOLLARS IN THOUSANDS)20202019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow for operating leases$52,013 $51,444 
Operating cash flow for finance leases167 64 
Financing cash flow for finance leases3,667 2,204 
Right-of-use assets obtained in exchange for lease obligations
Operating leases62,609 29,823 
Finance leases6,073 2,833 
Weighted average remaining lease term and discount rate were as follows:
December 31,
20202019
Weighted average remaining lease term in years
Operating leases10.511.3
Finance leases2.93.3
Weighted average discount rate
Operating leases3.82 %3.89 %
Finance leases1.81 %1.69 %
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows:
December 31,
(DOLLARS IN THOUSANDS)20202019
Operating Leases
Operating lease right-of-use assets(1)
$299,266 $287,870 
Other current liabilities(2)
40,515 37,744 
Operating lease liabilities(3)
264,717 253,367 
Total operating lease liabilities305,232 291,111 
Financing Leases
Financing lease right-of-use assets(1)
7,773 4,792 
Other current liabilities(2)
3,107 1,931 
Financing lease liabilities(3)
3,923 2,525 
Total financing lease liabilities7,030 4,456 
Right-of-use assets by region were as follows:
December 31,
(DOLLARS IN THOUSANDS)20202019
Operating Leases
North America$132,330 $143,556 
Europe, Africa and Middle East130,812 110,552 
Greater Asia16,307 20,492 
Latin America19,817 13,270 
Consolidated$299,266 $287,870 
Financing Leases
North America$130 $246 
Europe, Africa and Middle East4,994 3,221 
Greater Asia1,472 516 
Latin America1,177 809 
Consolidated$7,773 $4,792 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Maturities of lease liabilities were as follows:
December 31,
(DOLLARS IN THOUSANDS)20202019
Operating Leases
Less than 1 Year$48,873 $49,199 
1-3 Years83,679 81,829 
3-5 Years63,788 60,489 
After 5 years176,041 178,231 
Less: Imputed Interest(67,149)(78,637)
Total$305,232 $291,111 
Financing Leases
Less than 1 Year$3,127 $2,036 
1-3 Years3,691 2,073 
3-5 Years642 486 
After 5 years5 26 
Less: Imputed Interest(435)(165)
Total$7,030 $4,456