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

9 Months Ended

Sep. 30, 2020

Schedule Of Operating And Finance Lease Liabilities

The following table summarizes the Company's operating and finance leases by country as of September 30, 2020 (in thousands):


	September 30, 2020
	United States		Canada		Total
Operating leases:
Real estate ROU assets, gross	$	130,597	$	18,768	$	149,365
Accumulated amortization	(36,719)		(5,419)		(42,138)
Real estate ROU assets, net	$	93,878	$	13,349	$	107,227
Real estate lease liabilities	$	93,995	$	13,531	$	107,526

Vehicle and equipment ROU assets, gross	$	19,630	$	2,650	$	22,280
Accumulated amortization	(5,090)		(596)		(5,686)
Vehicle and equipment ROU assets, net	$	14,540	$	2,054	$	16,594
Vehicle and equipment lease liabilities	$	14,456	$	2,041	$	16,497

Total operating ROU assets, net	$	108,418	$	15,403	$	123,821
Total operating lease liabilities	$	108,451	$	15,572	$	124,023

Finance leases included in property and equipment, net:
Vehicle and equipment ROU assets, gross	$	5,962	$	2,793	$	8,755
Accumulated depreciation	(3,020)		(1,097)		(4,117)
Total finance ROU assets, net	$	2,942	$	1,696	$	4,638
Total finance lease liabilities	$	3,335	$	2,094	$	5,429

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019		Income Statement Classification
Operating leases:
Lease cost	$	9,700	$	8,335	$	26,615	$	24,469	Selling, general and administrative expenses
Variable lease cost	283		527		3,128		2,852		Selling, general and administrative expenses
Operating lease cost	9,983		8,862		29,743		27,321
Finance leases:
Amortization of ROU assets	734		615		2,136		2,044		Depreciation and amortization
Interest on lease liabilities	73		106		246		347		Interest expense
Finance lease cost	807		721		2,382		2,391
Total lease cost	$	10,790	$	9,583	$	32,125	$	29,712

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


	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	22,336	$	20,035
Financing cash flows from finance leases	$	2,066	$	2,002

ROU assets obtained in exchange for lease obligations:
Finance leases	$	205	$	203
Operating leases	$	29,513	$	136,204

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


	September 30, 2020		December 31, 2019
	Operating Leases	Finance Leases	Operating Leases	Finance Leases
Weighted average remaining lease term (years)	5.18	2.49	5.32	3.26
Weighted average discount rate	4.0%	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 September 30, 2020 (in thousands):


	Operating Leases		Finance Leases		Total
2020 (excluding the nine months ended September 30, 2020)	$	8,700	$	706	$	9,406
2021	33,454		2,447		35,901
2022	29,184		1,537		30,721
2023	23,548		965		24,513
2024	16,594		94		16,688
2025 and thereafter	25,919		58		25,977
Total lease payments	137,399		5,807		143,206
Less: amount representing interest	(13,376)		(378)		(13,754)
Total	$	124,023	$	5,429	$	129,452

Current portion of lease liabilities	$	29,767	$	2,395	$	32,162
Long-term portion of lease liabilities	$	94,256	$	3,034	$	97,290


	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 nine months ended September 30, 2020)	$	8,700	$	706	$	9,406
2021	33,454		2,447		35,901
2022	29,184		1,537		30,721
2023	23,548		965		24,513
2024	16,594		94		16,688
2025 and thereafter	25,919		58		25,977
Total lease payments	137,399		5,807		143,206
Less: amount representing interest	(13,376)		(378)		(13,754)
Total	$	124,023	$	5,429	$	129,452

Current portion of lease liabilities	$	29,767	$	2,395	$	32,162
Long-term portion of lease liabilities	$	94,256	$	3,034	$	97,290


	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