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LEASES (Tables)
6 Months Ended
Jun. 30, 2019
LEASES  
Future minimum lease payments under operating leases

 

 

 

 

Period

    

Amount

Six months ending December 31, 2019

 

$

20,834

2020

 

 

39,965

2021

 

 

33,461

2022

 

 

27,944

2023

 

 

22,854

2024 and thereafter

 

 

88,139

 

 

 

233,197

Less: present value discount

 

 

(52,746)

Operating lease liabilities at June 30, 2019

 

$

180,451

 

Other information pertaining to leases

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

Six Months Ended 

 

    

June 30, 2019

    

June 30, 2019

Operating lease costs included in selling general and administrative expenses

 

$  

11,298

 

$

20,963

Operating cash flows from operating leases

 

 

10,379

 

 

19,473

Operating lease assets obtained in exchange for operating lease obligations

 

 

13,469

 

 

37,317

 

Future minimum lease payments under operating leases ASU 840

In accordance with ASC 840 future minimum lease payments under operating leases in place at December 31, 2018 were as follows:

 

 

 

 

 

Year Ending December 31,

    

Amount

2019

 

$

35,426

2020

 

 

31,695

2021

 

 

24,813

2022

 

 

20,906

2023

 

 

16,743

2024 and thereafter

 

 

50,045

Total minimum lease payments

 

$

179,628