Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Lease Expense

The components of lease costs for the twelve months ended December 31, 2020 and December 31, 2019 are as follows:    

	Twelve Months Ended December 31, 2020					Twelve Months Ended December 31, 2019
	Cost of Goods Sold		Selling, General and Administrative	Total		Cost of Goods Sold	Selling, General and Administrative	Total
Operating lease costs
Fixed	$	25,067	102,504	127,571		30,002	97,988	127,990
Short-term	11,633		16,021	27,654		9,725	13,933	23,658
Variable	8,285		30,036	38,321		8,123	29,852	37,975
Sub-leases	(411)		(741)	(1,152)		(311)	(537)	(848)
	$	44,574	147,820	192,394		47,539	141,236	188,775
	Twelve Months Ended December 31, 2020					Twelve Months Ended December 31, 2019
	Depreciation and Amortization		Interest	Total		Depreciation and Amortization	Interest	Total
Finance lease costs
Amortization of leased assets	$	6,423	—	6,423		4,015	—	4,015
Interest on lease liabilities	—		690	690		—	491	491
	$	6,423	690	7,113		4,015	491	4,506
Net lease costs				$	199,507			193,281

Rental expense under fixed operating leases was $143,513 in 2018.

Lease term and discount rate are as follows:

	At December 31, 2020		At December 31, 2019
Weighted Average Remaining Lease Term
Operating Leases	4.5 years		4.3 years
Finance Leases	7.7 years		8.4 years
Weighted Average Discount Rate
Operating Leases	2.8	%	3.3	%
Finance Leases	1.4	%	1.4	%

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:

	Classification	At December 31, 2020		At December 31, 2019
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	323,138	323,003
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	58,170		35,271
Accumulated depreciation	Accumulated depreciation	(12,498)		(5,664)
Property, plant and equipment, net	Property, plant and equipment, net	45,672		29,607
Total lease assets		$	368,810	352,610
Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	98,042	101,945
Non-current	Non-current operating lease liabilities	234,726		228,155
Total operating liabilities		332,768		330,100
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	8,025		4,835
Long-term debt	Long-term debt, less current portion	38,098		25,214
Total finance liabilities		46,123		30,049
Total lease liabilities		$	378,891	360,149

Maturity of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 are as follows:

Year ending December 31,	Finance Leases		Operating Leases	Total
2021	$	8,830	113,151	121,981
2022	8,399		88,607	97,006
2023	7,632		60,118	67,750
2024	5,870		38,785	44,655
2025	4,453		26,837	31,290
Thereafter	14,599		27,454	42,053
Total lease payments	49,783		354,952	404,735
Less imputed interest	3,660		22,184
Present value, Total	$	46,123	332,768

Maturity of Finance Lease Liabilities

Maturities of lease liabilities as of December 31, 2020 are as follows:

Year ending December 31,	Finance Leases		Operating Leases	Total
2021	$	8,830	113,151	121,981
2022	8,399		88,607	97,006
2023	7,632		60,118	67,750
2024	5,870		38,785	44,655
2025	4,453		26,837	31,290
Thereafter	14,599		27,454	42,053
Total lease payments	49,783		354,952	404,735
Less imputed interest	3,660		22,184
Present value, Total	$	46,123	332,768

Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows:

	Twelve Months Ended
	December 31, 2020		December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	124,708	127,213
Operating cash flows from finance leases	690		349
Financing cash flows from finance leases	6,386		3,975
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	110,036		133,959
Finance leases	18,248		20,464
Amortization:
Amortization of right of use operating lease assets(1)	113,898		109,884

(1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Consolidated Statements of Cash Flows.