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LEASES

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

OPERATING LEASES

LEASES

The Company's operating leases are comprised primarily of facility leases and finance leases are comprised primarily of vehicle and equipment leases.

Balance sheet information related to our leases is presented below:

			Balance Sheet location						June 30, 2021						December 31, 2020
Operating leases:
Right-of-use lease assets			Right-of-use operating lease assets						$	230,650					$	241,342
Right-of-use lease liability, current			Other current liabilities						37,763						38,296
Right-of-use lease liability, long-term			Right-of-use operating lease liability						247,408						257,424
Finance leases:
Right-of-use lease assets			Property, plant and equipment						237,502						170,155
Right-of-use lease liability, current			Current portion of long-term debt						89,694						63,454
Right-of-use lease liability, long-term			Long-term debt						110,098						96,183

The following provides details of the Company's lease expense:

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Operating lease expense, net			$	14,239					$	14,849					$	28,546					$	29,853
Finance lease expense:
Amortization of assets			12,738						6,960						24,312						11,420
Interest on lease liabilities			2,121						1,477						4,222						2,504
Total finance lease expense			14,859						8,437						28,534						13,924
			$	29,098					$	23,286					$	57,080					$	43,777

Other information related to leases is presented below:

			As of June 30,
			2021						2020
Right-of-use assets acquired in exchange for operating lease obligations			$	11,215					$	15,430
Cash Paid For Amounts Included In Measurement of Liabilities:
Operating cash flows related to finance leases			4,222						2,504
Operating cash flows related to operating leases			29,705						32,126
Weighted Average Remaining Lease Term:
Operating leases			8.7 years						9.3 years
Finance leases			2.3 years						2.9 years
Weighted Average Discount Rate:
Operating leases			5.59		%				5.86		%
Finance leases			5.04		%				5.66		%

The minimum future annual payments under non-cancellable leases during the next five years and thereafter, at rates now in force, are as follows:

			Finance leases						Operating leases
2021 (excluding the six months ended June 30, 2021)			$	48,525					$	16,775
2022			92,877						54,176
2023			57,768						46,485
2024			11,607						42,894
2025			291						34,961
Thereafter			—						171,230
Total future minimum lease payments, undiscounted			211,068						366,521
Less: Imputed interest			(11,276)						(81,350)
Present value of future minimum lease payments			$	199,792					$	285,171

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- References

No definition available.

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- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

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