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Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure Of Leases [Abstract]  
Summary of Right-of-Use-Assets

Precision recognizes right of use assets primarily from its leases of real estate and vehicles and equipment.

 

 

 

Real Estate

 

 

Vehicles and Equipment

 

 

Total

 

Balance, January 1, 2019

 

$

—

 

 

$

—

 

 

$

—

 

Transition adjustments

 

 

58,635

 

 

 

14,829

 

 

 

73,464

 

Additions

 

 

—

 

 

 

1,947

 

 

 

1,947

 

Derecognition

 

 

(29

)

 

 

—

 

 

 

(29

)

Depreciation

 

 

(4,055

)

 

 

(4,403

)

 

 

(8,458

)

Lease remeasurements

 

 

163

 

 

 

—

 

 

 

163

 

Effect of foreign currency exchange differences

 

 

(688

)

 

 

(257

)

 

 

(945

)

Balance, December 31, 2019

 

$

54,026

 

 

$

12,116

 

 

$

66,142

 

 
Expected Non-cancellable Operating Lease Payments Expected non-cancellable operating lease payments are as follows:

 

 

 

2019

 

 

2018

 

Less than one year

 

$

11,954

 

 

$

13,496

 

One to five years

 

 

33,566

 

 

 

36,639

 

More than five years

 

 

11,117

 

 

 

17,797

 

 

 

$

56,637

 

 

$

67,932

 

 
Summary of Maturity Analysis of Lease Payments

The following table sets out a maturity analysis of lease payments, showing the undiscounted lease payments to be received after December 31, 2019.

 

 

 

 

 

 

Less than one year

 

$

297,425

 

One to five years

 

 

207,746

 

More than five years

 

 

12,437

 

 

 

$

517,608