XML 45 R19.htm IDEA: XBRL DOCUMENT
v3.20.4

Leases | 12 Months Ended
--- | ---
Dec. 31, 2020
Leases [Abstract] |
Lessee, Operating Leases | Leases Adoption of ASC Topic 842, "Leases" On January 1, 2019, we adopted Topic 842 using the modified retrospective transition method and used the effective date as our date of initial application. Consequently, leases for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 840. Lease Costs The components of lease expense were as follows:
| Year Ended December 31 |  |
| 2020 |  | 2019 |  |
| (thousands) |  |
Operating lease cost | $ | 13,339 |  |  | $ | 13,541 |  |  |
Finance lease cost |  |  |  |  |
Amortization of right-of-use assets | 2,210 |  |  | 1,616 |  |  |
Interest on lease liabilities | 2,271 |  |  | 1,899 |  |  |
Variable lease cost | 2,967 |  |  | 2,645 |  |  |
Short-term lease cost | 4,115 |  |  | 4,614 |  |  |
Sublease income | (140) |  |  | (540) |  |  |
Total lease cost | $ | 24,762 |  |  | $ | 23,775 |  |  |
Other Information Supplemental cash flow information related to leases was as follows:
| Year Ended December 31
| 2020 |  | 2019
| (thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | $ | 13,018 |  |  | $ | 13,508 |
Operating cash flows from finance leases | 2,271 |  |  | 1,862 |
Financing cash flows from finance leases | 1,307 |  |  | 783 |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating leases | 8,310 |  |  | 4,211 |
Finance leases | 9,969 |  |  | 2,637 |
Other information related to leases was as follows:
| December 31, 2020 |  | December 31, 2019 |  |  |  |
Weighted-average remaining lease term (years) |  |  |  |  |  |  |
Operating leases | 8 |  | 8 |  |  |  |
Finance leases | 15 |  | 14 |  |  |  |
Weighted-average discount rate |  |  |  |  |  |  |
Operating leases (a) | 6.4 | % |  | 6.5 | % |  |  |  |
Finance leases | 7.7 | % |  | 8.5 | % |  |  |  |
___________________________________ (a) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. As of December 31, 2020, our minimum lease payment requirements for noncancelable operating and finance leases are as follows:
|  | Operating Leases |  | Finance Leases
|  | (thousands)
2021 |  | $ | 13,593 |  |  | $ | 3,924 |
2022 |  | 13,024 |  |  | 3,930 |
2023 |  | 12,073 |  |  | 3,970 |
2024 |  | 11,189 |  |  | 3,967 |
2025 |  | 9,448 |  |  | 3,607 |
Thereafter |  | 25,545 |  |  | 37,801 |
Total future minimum lease payments |  | 84,872 |  |  | 57,199 |
Less: interest |  | (18,945) |  |  | (24,035) |
Total lease obligations |  | 65,927 |  |  | 33,164 |
Less: current obligations |  | (9,926) |  |  | (1,557) |
Long-term lease obligations |  | $ | 56,001 |  |  | $ | 31,607 |
As of December 31, 2020, the minimum lease payment amount for leases signed but not yet commenced was $7.3 million. Disclosures Related to Periods Prior to Adoption of ASC Topic 842, "Leases" Rental expense for operating leases was $18.2 million for the year ended December 31, 2018, and sublease rental income was not material. During the year ended December 31, 2018, we recorded two capital leases for distribution centers with initial lease terms of 13 and 20 years, respectively, in the amount of $18.9 million, which represents non-cash investing and financing activities.
Lessee, Finance Leases | Leases Adoption of ASC Topic 842, "Leases" On January 1, 2019, we adopted Topic 842 using the modified retrospective transition method and used the effective date as our date of initial application. Consequently, leases for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 840. Lease Costs The components of lease expense were as follows:
| Year Ended December 31 |  |
| 2020 |  | 2019 |  |
| (thousands) |  |
Operating lease cost | $ | 13,339 |  |  | $ | 13,541 |  |  |
Finance lease cost |  |  |  |  |
Amortization of right-of-use assets | 2,210 |  |  | 1,616 |  |  |
Interest on lease liabilities | 2,271 |  |  | 1,899 |  |  |
Variable lease cost | 2,967 |  |  | 2,645 |  |  |
Short-term lease cost | 4,115 |  |  | 4,614 |  |  |
Sublease income | (140) |  |  | (540) |  |  |
Total lease cost | $ | 24,762 |  |  | $ | 23,775 |  |  |
Other Information Supplemental cash flow information related to leases was as follows:
| Year Ended December 31
| 2020 |  | 2019
| (thousands)
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases | $ | 13,018 |  |  | $ | 13,508 |
Operating cash flows from finance leases | 2,271 |  |  | 1,862 |
Financing cash flows from finance leases | 1,307 |  |  | 783 |
Right-of-use assets obtained in exchange for lease obligations |  |  |
Operating leases | 8,310 |  |  | 4,211 |
Finance leases | 9,969 |  |  | 2,637 |
Other information related to leases was as follows:
| December 31, 2020 |  | December 31, 2019 |  |  |  |
Weighted-average remaining lease term (years) |  |  |  |  |  |  |
Operating leases | 8 |  | 8 |  |  |  |
Finance leases | 15 |  | 14 |  |  |  |
Weighted-average discount rate |  |  |  |  |  |  |
Operating leases (a) | 6.4 | % |  | 6.5 | % |  |  |  |
Finance leases | 7.7 | % |  | 8.5 | % |  |  |  |
___________________________________ (a) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. As of December 31, 2020, our minimum lease payment requirements for noncancelable operating and finance leases are as follows:
|  | Operating Leases |  | Finance Leases
|  | (thousands)
2021 |  | $ | 13,593 |  |  | $ | 3,924 |
2022 |  | 13,024 |  |  | 3,930 |
2023 |  | 12,073 |  |  | 3,970 |
2024 |  | 11,189 |  |  | 3,967 |
2025 |  | 9,448 |  |  | 3,607 |
Thereafter |  | 25,545 |  |  | 37,801 |
Total future minimum lease payments |  | 84,872 |  |  | 57,199 |
Less: interest |  | (18,945) |  |  | (24,035) |
Total lease obligations |  | 65,927 |  |  | 33,164 |
Less: current obligations |  | (9,926) |  |  | (1,557) |
Long-term lease obligations |  | $ | 56,001 |  |  | $ | 31,607 |
As of December 31, 2020, the minimum lease payment amount for leases signed but not yet commenced was $7.3 million. Disclosures Related to Periods Prior to Adoption of ASC Topic 842, "Leases" Rental expense for operating leases was $18.2 million for the year ended December 31, 2018, and sublease rental income was not material. During the year ended December 31, 2018, we recorded two capital leases for distribution centers with initial lease terms of 13 and 20 years, respectively, in the amount of $18.9 million, which represents non-cash investing and financing activities.

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