XML 16 R14.htm IDEA: XBRL DOCUMENT
v3.19.3

Leases (Notes) | 9 Months Ended
--- | ---
Sep. 30, 2019
Leases [Abstract] |
Lessee, Operating Leases [Text Block] | – Leases During the first quarter 2019, the Company adopted ASU No. 2016-02, “Leases (Topic 842),” which requires leases with durations greater than twelve months to be recognized on the balance sheet. The Company adopted the standard using the modified retrospective approach with an effective date as of January 1, 2019. The Company did not apply the new standard to comparative periods and therefore, those amounts are not presented below. The Company elected the package of three practical expedients. As such, the Company did not reassess whether expired or existing contracts are or contain a lease and did not need to reassess the lease classifications or reassess the initial direct costs associated with expired or existing leases. The Company did not elect the hindsight practical expedient and the land easement practical expedient, neither of which are applicable to the Company. Also, the Company has elected to take the practical expedient to not separate lease and non-lease components for all asset classes. The Company leases office space, sample production space, warehouses, showrooms, storage and retail stores under operating leases. The Company’s portfolio of leases is primarily related to real estate and since most of our leases do not provide a readily determinable implicit rate, the Company estimated its incremental borrowing rate to discount the lease payments based on information available at lease commencement. Lease Position The table below presents the lease-related assets and liabilities recorded on the balance sheet as of September 30, 2019:
| Classification on the Balance Sheet |  | September 30, 2019
Assets |  |  |
Noncurrent (1) | Operating lease right-of-use asset |  | $ | 162,385 |
Liabilities |  |  |
Current | Operating leases - current portion |  | $ | 38,068 |
Noncurrent | Operating leases - long-term portion |  | 139,704 |
Total operating lease liabilities |  |  | $ | 177,772 |
Weighted-average remaining lease term |  |  | 5.7 years |
Weighted-average discount rate(2) |  |  | 4.4 | %
(1) During the third quarter of 2019, the Company recorded a pre-tax charge related to the right-of-use asset of $1,883. (2) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. Lease Costs The table below presents certain information related to lease costs for leases during the three and nine months ended September 30, 2019:
| Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
Operating lease cost | $ | 12,259 |  |  | $ | 35,160 |
Short-term lease cost | 163 |  |  | 179 |
Less: sublease income | 245 |  |  | 522 |
Total lease cost | $ | 12,177 |  |  | $ | 34,817 |
Other Information The table below presents supplemental cash flow information related to leases as of the nine months ended September 30, 2019:
| Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities |
Operating cash flows used for operating leases | $ | 35,251 |
Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the balance sheet as of September 30, 2019:
| Operating Leases
2019 (remaining three months) | $ | 11,709 |
2020 | 44,731 |
2021 | 38,305 |
2022 | 29,800 |
2023 | 21,407 |
Thereafter | 55,583 |
Total minimum lease payments | 201,535 |
Less: interest | 23,763 |
Present value of lease liabilities | $ | 177,772 |

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