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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Summary of debt covenant ratios
The following table summarize Company’s ratios requirements for the three-month periods ended from March 31, 2019 to December 31, 2019, for which the Company is in compliance:
 
 
Fixed Charge Coverage Ratio
 
Leverage Ratio
 
March 31, 2019
 
1.83

 
3.83

 
June 30, 2019
 
1.86

 
3.76

 
September 30, 2019
 
1.80

 
3.83

 
December 31, 2019
 
1.86

 
3.77

 

Schedule of provision for contingencies The breakdown of the provision for contingencies is as follows: 

Description
 
Balance at beginning of period
 
Accruals, net
 
Settlements
 
Reclassifications and increase of judicial deposits
 
Translation
 
Balance at end of period
Year ended December 31, 2019:
 
 
 
 
 
 
 
 
 
 
 
 
Tax contingencies in Brazil (i)
 
$
9,497

 
$
1,455

 
$

 
$

 
$
(357
)
 
$
10,595

Labor contingencies in Brazil (ii)
 
21,108

 
12,916

 
(16,068
)
 

 
(1,117
)
 
16,839

Other (iii)
 
11,462

 
3,070

 
(1,700
)
 

 
(1,428
)
 
11,404

Subtotal
 
42,067

 
17,441

 
(17,768
)
 

 
(2,902
)
 
38,838

Judicial deposits (iv)
 
(13,558
)
 

 

 
354

 
524

 
(12,680
)
Provision for contingencies
 
$
28,509

 
$
17,441


$
(17,768
)

$
354


$
(2,378
)
 
$
26,158

 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2018:
 
 
 
 

 
 

 
 

 
 

 
 

Tax contingencies in Brazil (i)
 
$
9,324

 
$
1,805

 
$

 
$

 
$
(1,632
)
 
$
9,497

Labor contingencies in Brazil (ii)
 
21,061

 
20,785

 
(17,718
)
 

 
(3,020
)
 
21,108

Other (iii)
 
15,646

 
1,405

 
(1,984
)
 

 
(3,605
)
 
11,462

Subtotal
 
46,031

 
23,995

 
(19,702
)
 

 
(8,257
)
 
42,067

Judicial deposits (iv)
 
(18,075
)
 




1,843


2,674

 
(13,558
)
Provision for contingencies
 
$
27,956

 
$
23,995

 
$
(19,702
)
 
$
1,843

 
$
(5,583
)
 
$
28,509

 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2017:
 
 
 
 

 
 

 
 

 
 

 
 

Tax contingencies in Brazil (i)
 
$
13,312

 
$
(2,599
)
 
$
(337
)
 
$
(667
)
 
$
(385
)
 
$
9,324

Labor contingencies in Brazil (ii)
 
11,150

 
31,448

 
(21,130
)
 

 
(407
)
 
21,061

Other (iii)
 
12,222

 
7,150

 
(3,960
)
 
17

 
217

 
15,646

Subtotal
 
36,684

 
35,999

 
(25,427
)
 
(650
)
 
(575
)
 
46,031

Judicial deposits (iv)
 
(18,572
)
 
161

 

 
(60
)
 
396

 
(18,075
)
Provision for contingencies
 
$
18,112

 
$
36,160

 
$
(25,427
)
 
$
(710
)
 
$
(179
)
 
$
27,956


(i)
In 2019, 2018 and 2017, it includes mainly CIDE.
(ii)
It primarily relates to dismissals in the normal course of business.
(iii)
It relates to tax and labor contingencies in other countries and civil contingencies in all the countries.
(iv)
It primarily relates to judicial deposits the Company was required to make in connection with the proceedings in Brazil.