XML 102 R27.htm IDEA: XBRL DOCUMENT
v3.19.3

LEASES | 9 Months Ended
--- | ---
Sep. 30, 2019
Leases [Abstract] |
LEASES | LEASES As of September 30, 2019, the Company’s leases were all operating leases except for two leases associated with the Company’s corporate headquarters, which were amended during 2019, resulting in the classification as finance leases. The Company’s lease expense was as follows (in thousands):
| For the Three Months Ended September 30, 2019 |  | For the Nine Months Ended September 30, 2019
Operating lease cost | $ | 14,056 |  |  | $ | 41,406 |
Finance lease cost: |  |  |
Amortization of ROU asset | 245 |  |  | 735 |
Interest on lease liability | 367 |  |  | 979 |
Total finance lease cost | 612 |  |  | 1,714 |
Short-term lease cost | 22,258 |  |  | 60,295 |
Variable lease cost | 2,139 |  |  | 6,372 |
Total lease cost | $ | 39,065 |  |  | $ | 109,787 |
Other information related to leases was as follows (in thousands, except lease term and discount rate):
Supplemental Lease Balance Sheet Information: | September 30, 2019
ROU assets: |
Operating leases | $ | 164,302 |
Finance leases (included in property, plant and equipment, net) | 30,276 |
Current portion of lease liabilities: |
Operating leases | 41,364 |
Finance leases (included in accrued expenses) | 440 |
Long-term portion of lease liabilities: |
Operating leases | 122,668 |
Finance leases (included in deferred taxes, unrecognized tax benefits and other long-term liabilities) | 32,228 |
Weighted Average Remaining Lease Term (years) | September 30, 2019
Operating leases | 5.1 |
Finance leases | 22.8 |
Weighted Average Discount Rate |
Operating leases | 5.33 | %
Finance leases | 4.99 | %
At September 30, 2019, the Company's future lease payments under non-cancelable leases that have lease terms in excess of one year were as follows (in thousands):
Years Ending December 31, | Operating Leases |  | Finance Leases
2019 (three months) | $ | 13,856 |  |  | $ | 535 |
2020 | 48,577 |  |  | 2,194 |
2021 | 36,506 |  |  | 2,244 |
2022 | 28,814 |  |  | 2,297 |
2023 | 20,793 |  |  | 2,356 |
2024 | 13,930 |  |  | 2,411 |
Thereafter | 27,697 |  |  | 51,151 |
Total future lease payments | 190,173 |  |  | 63,188 |
Amount representing interest | (26,141 | ) |  | (30,520 | )
Total lease liabilities | $ | 164,032 |  |  | $ | 32,668 |
At September 30, 2019, none of the Company's executed leases that had not yet commenced will create significant rights or obligations in the future and its sublease transactions are not material. Additionally, the Company does not have any related party leases and there were no restrictions or covenants imposed by its leases. Disclosures related to periods prior to adoption of Topic 842 The following is a summary of future minimum payments under operating leases that have initial or remaining non-cancelable lease terms in excess of one year at December 31, 2018 (in thousands):
Year | Total Operating Leases
2019 | $ | 56,480 |
2020 | 45,467 |
2021 | 33,564 |
2022 | 24,509 |
2023 | 15,253 |
Thereafter | 35,778 |
Total minimum lease payments | $ | 211,051 |
During the years ended December 31, 2018, 2017 and 2016, rent expense including short-term rentals was approximately $141.1 million, $125.4 million and $121.9 million, respectively.
LEASES | LEASES As of September 30, 2019, the Company’s leases were all operating leases except for two leases associated with the Company’s corporate headquarters, which were amended during 2019, resulting in the classification as finance leases. The Company’s lease expense was as follows (in thousands):
| For the Three Months Ended September 30, 2019 |  | For the Nine Months Ended September 30, 2019
Operating lease cost | $ | 14,056 |  |  | $ | 41,406 |
Finance lease cost: |  |  |
Amortization of ROU asset | 245 |  |  | 735 |
Interest on lease liability | 367 |  |  | 979 |
Total finance lease cost | 612 |  |  | 1,714 |
Short-term lease cost | 22,258 |  |  | 60,295 |
Variable lease cost | 2,139 |  |  | 6,372 |
Total lease cost | $ | 39,065 |  |  | $ | 109,787 |
Other information related to leases was as follows (in thousands, except lease term and discount rate):
Supplemental Lease Balance Sheet Information: | September 30, 2019
ROU assets: |
Operating leases | $ | 164,302 |
Finance leases (included in property, plant and equipment, net) | 30,276 |
Current portion of lease liabilities: |
Operating leases | 41,364 |
Finance leases (included in accrued expenses) | 440 |
Long-term portion of lease liabilities: |
Operating leases | 122,668 |
Finance leases (included in deferred taxes, unrecognized tax benefits and other long-term liabilities) | 32,228 |
Weighted Average Remaining Lease Term (years) | September 30, 2019
Operating leases | 5.1 |
Finance leases | 22.8 |
Weighted Average Discount Rate |
Operating leases | 5.33 | %
Finance leases | 4.99 | %
At September 30, 2019, the Company's future lease payments under non-cancelable leases that have lease terms in excess of one year were as follows (in thousands):
Years Ending December 31, | Operating Leases |  | Finance Leases
2019 (three months) | $ | 13,856 |  |  | $ | 535 |
2020 | 48,577 |  |  | 2,194 |
2021 | 36,506 |  |  | 2,244 |
2022 | 28,814 |  |  | 2,297 |
2023 | 20,793 |  |  | 2,356 |
2024 | 13,930 |  |  | 2,411 |
Thereafter | 27,697 |  |  | 51,151 |
Total future lease payments | 190,173 |  |  | 63,188 |
Amount representing interest | (26,141 | ) |  | (30,520 | )
Total lease liabilities | $ | 164,032 |  |  | $ | 32,668 |
At September 30, 2019, none of the Company's executed leases that had not yet commenced will create significant rights or obligations in the future and its sublease transactions are not material. Additionally, the Company does not have any related party leases and there were no restrictions or covenants imposed by its leases. Disclosures related to periods prior to adoption of Topic 842 The following is a summary of future minimum payments under operating leases that have initial or remaining non-cancelable lease terms in excess of one year at December 31, 2018 (in thousands):
Year | Total Operating Leases
2019 | $ | 56,480 |
2020 | 45,467 |
2021 | 33,564 |
2022 | 24,509 |
2023 | 15,253 |
Thereafter | 35,778 |
Total minimum lease payments | $ | 211,051 |
During the years ended December 31, 2018, 2017 and 2016, rent expense including short-term rentals was approximately $141.1 million, $125.4 million and $121.9 million, respectively.

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 finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration