XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.20.2

Leases (Notes) | 9 Months Ended
--- | ---
Sep. 30, 2020
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | Leases Leases We determine if an arrangement is a lease at inception. Our operating lease assets are separately stated in operating lease right-of-use ("ROU") assets and our financing lease assets are included in other assets on our condensed consolidated balance sheets. Our lease liabilities are included in accrued liabilities, and other long-term liabilities on our condensed consolidated balance sheets. We have elected not to recognize an ROU asset and lease liability for leases with terms of twelve months or less. Lease ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. Most of our leases do not provide an implicit rate, therefore we use our incremental borrowing rate, which is the rate incurred to borrow on a collateralized basis over a similar term based on the information available at commencement date. Our lease ROU assets exclude lease incentives and initial direct costs incurred. Our lease terms include options to extend when it is reasonably certain that we will exercise that option. All of our leases have stated lease payments, which may include fixed rental increases. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Our leases are for corporate offices, sales and support offices, a distribution facility, device service centers and certain equipment. Our leases have original lease terms of one year to fifteen years, some of which include options to extend the leases for up to an additional five years. For all of our leases, we do not include optional periods of extension in our current lease terms for the exercise of options to extend is not reasonably certain. The following table presents the components of our lease cost (in thousands):
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost | $ | 2,861 |  |  | $ | 2,996 |  |  | $ | 8,428 |  |  | $ | 7,528 |
Finance lease cost - interest | 29 |  |  | — |  |  | 62 |  |  | — |
Finance lease cost - amortization of ROU asset | 125 |  |  | — |  |  | 252 |  |  | — |
Short-term lease cost | 74 |  |  | 49 |  |  | 200 |  |  | 229 |
Total lease cost | $ | 3,089 |  |  | $ | 3,045 |  |  | $ | 8,942 |  |  | $ | 7,757 |
Interest expense on our finance leases is included in other income (expense), net in our condensed consolidated statement of operations. The amortization of the operating and finance ROU asset is included in selling, general and administrative expenses in our condensed consolidated statement of operations. The following table presents the supplemental cash flow information related to our leases (in thousands):
| For the nine months ended September 30,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 7,303 |  |  | $ | 7,161 |
Operating cash flows from finance leases | $ | 62 |  |  | $ | — |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 20,264 |  |  | $ | 2,495 |
Finance leases | $ | 2,870 |  |  | $ | — |
The following table presents the supplemental balance sheet information related to our operating leases (in thousands, except lease term and discount rate):
| As of September 30, 2020 |  | As of December 31, 2019
Operating leases |  |  |
Operating lease right-of-use assets | $ | 47,802 |  |  | $ | 34,465 |
Accrued liabilities | $ | 8,456 |  |  | $ | 7,362 |
Other long-term liabilities | 42,512 |  |  | 28,896 |
Total operating lease liabilities | $ | 50,968 |  |  | $ | 36,258 |
Weighted Average Remaining Lease Term |  |  |
Operating leases | 6.8 years |  | 6.0 years
Weighted Average Discount Rate |  |  |
Operating leases | 5.03 | % |  | 5.57 | %
The following table presents the supplemental balance sheet information related to our finance leases (in thousands, except lease term and discount rate):
| As of September 30, 2020
Financing leases |
Financing lease right-of-use assets | $ | 2,729 |
Accrued liabilities | $ | 473 |
Other long-term liabilities | 2,274 |
Total financing lease liabilities | $ | 2,747 |
Weighted Average Remaining Lease Term |
Financing leases | 7.0 years
Weighted Average Discount Rate |
Financing leases | 4.27 | %
As of September 30, 2020, the maturities of our operating and financing lease liabilities for each of the next five years is approximately (in thousands):
| Operating Leases |  | Finance Leases
Remainder of 2020 | $ | 2,789 |  |  | $ | 145 |
2021 | 10,571 |  |  | 578 |
2022 | 9,639 |  |  | 578 |
2023 | 8,685 |  |  | 578 |
2024 | 8,235 |  |  | 283 |
2025 | 4,958 |  |  | 189 |
Thereafter | 15,113 |  |  | 804 |
Total Lease Payments | 59,990 |  |  | 3,155 |
Less imputed interest | (9,022) |  |  | (408) |
Total | $ | 50,968 |  |  | $ | 2,747 |

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 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