XML 63 R29.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Lease Position
The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet (in thousands, except for remaining lease terms and percentages):
December 31, 2019
Assets
Real Estate$316,499  
Flexdrive Program124,759  
Total operating lease right-of-use assets$441,258  
Liabilities
Current
Real Estate$40,729  
Flexdrive Program53,470  
Total current operating lease liabilities94,199  
Noncurrent
Real Estate312,323  
Flexdrive Program69,754  
Total noncurrent operating lease liabilities382,077  
Total operating lease liabilities$476,276  
Weighted-average remaining lease term (years)
Real Estate6.8
Flexdrive Program1.9
Weighted-average discount rate(1)
Real Estate6.6 %
Flexdrive Program6.5 %
_______________
(1)Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.
Schedule of Lease Costs of Operating Leases
The table below presents certain information related to the lease costs for operating leases for the year ended December 31, 2019 (in thousands):
December 31, 2019
Real EstateFlexdrive
Program
Total
Operating
Leases
Operating lease cost$61,277  $54,142  $115,419  
Short-term lease cost4,670  —  4,670  
Variable lease cost(1)
10,845  5,815  16,660  
Total lease cost$76,792  $59,957  $136,749  
_______________
(1)Consist primarily of common-area maintenance, taxes and utilities for real estate leases, and certain vehicle related charges under the Flexdrive program.
Schedule of Operating Lease Liabilities
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2019 (in thousands):
Real EstateFlexdrive
Program
Total Leases
2020$70,308  $55,661  $125,969  
202176,681  49,968  126,649  
202271,104  27,357  98,461  
202355,147  743  55,890  
202450,613  —  50,613  
Thereafter134,210  —  134,210  
Total minimum lease payments458,063  133,729  591,792  
Less: amount of lease payments representing interest(105,011) (10,505) (115,516) 
Present value of future minimum lease payments353,052  123,224  476,276  
Less: current obligations under leases(40,729) (53,470) (94,199) 
Long-term lease obligations$312,323  $69,754  $382,077  
Future Minimum Lease Payments
As of December 31, 2018, the future minimum lease payments required under noncancelable operating leases as defined under the previous accounting guidance of ASC Topic 840 were as follows (in thousands):
Real EstateFlexdrive ProgramTotal
Operating
Leases
2019$51,221  $30,129  $81,350  
202053,380  34,597  87,977  
202152,794  6,439  59,233  
202248,813  —  48,813  
2023 and Thereafter133,670  —  133,670  
Total minimum lease payments$339,878  $71,165  $411,043