Right-of-Use ("ROU") Assets and Lease Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Schedule Of Operating And Finance Lease Liabilities

The following table summarizes the Company's operating and finance leases by country as of March 31, 2020 (in thousands):


	March 31, 2020
	United States		Canada		Total
Operating leases:
Real estate ROU assets, gross	$	120,607	$	15,576	$	136,183
Accumulated amortization	(26,651)		(4,127)		(30,778)
Real estate ROU assets, net	$	93,956	$	11,449	$	105,405
Real estate lease liabilities	$	93,665	$	11,562	$	105,227

Vehicle and equipment ROU assets, gross	$	17,481	$	2,492	$	19,973
Accumulated amortization	(3,346)		(332)		(3,678)
Vehicle and equipment ROU assets, net	$	14,135	$	2,160	$	16,295
Vehicle and equipment lease liabilities	$	14,080	$	2,149	$	16,229

Total operating ROU assets, net	$	108,091	$	13,609	$	121,700
Total operating lease liabilities	$	107,745	$	13,711	$	121,456

Finance leases included in property and equipment, net:
Vehicle and equipment ROU assets, gross	$	6,301	$	2,640	$	8,941
Accumulated depreciation	(2,299)		(760)		(3,059)
Total finance ROU assets, net	$	4,002	$	1,880	$	5,882
Total finance lease liabilities	$	4,252	$	2,261	$	6,513

The following table summarizes the Company's operating and finance leases by country as of December 31, 2019 (in thousands):


	December 31, 2019
	United States		Canada		Total
Operating leases:
Real estate ROU assets, gross	$	114,202	$	16,544	$	130,746
Accumulated amortization	(21,337)		(3,406)		(24,743)
Real estate ROU assets, net	$	92,865	$	13,138	$	106,003
Real estate lease liabilities	$	92,319	$	13,240	$	105,559

Vehicle and equipment ROU assets, gross	$	14,665	$	2,751	$	17,416
Accumulated amortization	(2,592)		(265)		(2,857)
Vehicle and equipment ROU assets, net	$	12,073	$	2,486	$	14,559
Vehicle and equipment lease liabilities	$	12,037	$	2,472	$	14,509

Total operating ROU assets, net	$	104,938	$	15,624	$	120,562
Total operating lease liabilities	$	104,356	$	15,712	$	120,068

Finance leases included in property and equipment, net:
Vehicle and equipment ROU assets, gross	$	6,341	$	2,863	$	9,204
Accumulated depreciation	(1,892)		(670)		(2,562)
Total finance ROU assets, net	$	4,449	$	2,193	$	6,642
Total finance lease liabilities	$	4,777	$	2,607	$	7,384

Lease, Cost

The components of lease cost are as follows (in thousands):


	Three Months Ended March 31,
	2020		2019		Income Statement Classification
Operating leases:
Lease cost	$	8,790	$	8,052	Selling, general and administrative expenses
Variable lease cost	1,260		1,053		Selling, general and administrative expenses
Operating lease cost	10,050		9,105
Finance leases:
Amortization of ROU assets	601		668		Depreciation and amortization
Interest on lease liabilities	91		124		Interest expense
Finance lease cost	692		792
Total lease cost	$	10,742	$	9,897

Supplemental cash flow information for leases is as follows (in thousands):


	Three Months Ended March 31,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,335	$	6,618
Financing cash flows from finance leases	$	678	$	654

Right-of-use-assets obtained in exchange for lease obligations:
Finance leases	$	20	$	185
Operating leases	$	10,152	$	120,555

The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases are as follows:


	March 31, 2020			December 31, 2019
	Operating Leases	Finance Leases	Operating Leases	Finance Leases
Weighted average remaining lease term (years)	5.26	3.04	5.32	3.26
Weighted average discount rate	4.3%	5.2%	4.4%	5.2%

Finance Lease, Liability, Maturity

The following table reconciles the undiscounted future lease payments for operating and finance leases to operating and finance lease liabilities recorded on the balance sheet as of March 31, 2020 (in thousands):


	Operating Leases		Finance Leases		Total
2020 (excluding the three months ended March 31, 2020)	$	25,028	$	2,108	$	27,136
2021	31,244		2,400		33,644
2022	25,817		1,456		27,273
2023	20,220		921		21,141
2024	13,437		88		13,525
2025 and thereafter	19,925		54		19,979
Total lease payments	135,671		7,027		142,698
Less: amount representing interest	(14,215)		(514)		(14,729)
Total	$	121,456	$	6,513	$	127,969

Current portion of lease liabilities	$	28,636	$	2,502	$	31,138
Long-term portion of lease liabilities	$	92,820	$	4,011	$	96,831


	Operating Leases		Finance Leases		Total
2020	$	32,257	$	2,908	$	35,165
2021	29,816		2,445		32,261
2022	24,429		1,496		25,925
2023	18,704		976		19,680
2024	11,882		95		11,977
2025 and thereafter	17,730		87		17,817
Total lease payments	134,818		8,007		142,825
Less: amount representing interest	(14,750)		(623)		(15,373)
Total	$	120,068	$	7,384	$	127,452

Current portion of lease liabilities	$	27,689	$	2,618	$	30,307
Long-term portion of lease liabilities	$	92,379	$	4,766	$	97,145

Lessee, Operating Lease, Liability, Maturity


	Operating Leases		Finance Leases		Total
2020 (excluding the three months ended March 31, 2020)	$	25,028	$	2,108	$	27,136
2021	31,244		2,400		33,644
2022	25,817		1,456		27,273
2023	20,220		921		21,141
2024	13,437		88		13,525
2025 and thereafter	19,925		54		19,979
Total lease payments	135,671		7,027		142,698
Less: amount representing interest	(14,215)		(514)		(14,729)
Total	$	121,456	$	6,513	$	127,969

Current portion of lease liabilities	$	28,636	$	2,502	$	31,138
Long-term portion of lease liabilities	$	92,820	$	4,011	$	96,831


	Operating Leases		Finance Leases		Total
2020	$	32,257	$	2,908	$	35,165
2021	29,816		2,445		32,261
2022	24,429		1,496		25,925
2023	18,704		976		19,680
2024	11,882		95		11,977
2025 and thereafter	17,730		87		17,817
Total lease payments	134,818		8,007		142,825
Less: amount representing interest	(14,750)		(623)		(15,373)
Total	$	120,068	$	7,384	$	127,452

Current portion of lease liabilities	$	27,689	$	2,618	$	30,307
Long-term portion of lease liabilities	$	92,379	$	4,766	$	97,145