Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

The table below presents expenses associated with facility and vehicle operating leases (in thousands):


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
Lease Cost	Classification	2019		2018		2019		2018
Operating lease cost ⁽¹⁾	Selling and administrative expenses	$	16,358	$	15,524	$	47,690	$	45,308
Variable lease cost	Selling and administrative expenses	3,335		3,114		9,942		9,177

(1) Includes short-term lease cost, which is not material

Lease Cost

Based on our lease portfolio as of September 30, 2019, the table below sets forth the approximate future lease payments related to operating leases with initial terms of one year or more (in thousands):


2019	$	9,563
2020	54,926
2021	44,186
2022	35,217
2023	22,886
Thereafter	25,472
Total lease payments	192,250
Less: interest	14,828
Present value of lease liabilities	177,422

Schedule of Accumulated Other Comprehensive Loss

The table below presents the components of our Accumulated other comprehensive loss balance (in thousands):


	September 30,						December 31,
	2019		2018		2018
Foreign currency translation adjustments	$	(13,156)	$	(9,692)	$	(12,422)
Unrealized (losses) gains on interest rate swaps, net of tax ⁽¹⁾	(649)		2,057		1,425
Accumulated other comprehensive loss	$	(13,805)	$	(7,635)	$	(10,997)

⁽¹⁾In February 2018, the Financial Accounting Standards Board (FASB) issued guidance that allows entities the option to reclassify the tax effects related to items in accumulated other comprehensive income (loss) to retained earnings (deficit) if deemed to be stranded in accumulated other comprehensive income (loss) due to U.S. tax reform. We do not have any material amounts stranded in Accumulated other comprehensive loss as a result of U.S. tax reform.

Schedule of Recent Accounting Pronouncements

The following table summarizes the recent accounting pronouncements that we plan to adopt in future periods:


Standard	Description	Effective Date	Effect on Financial Statements and Other Significant Matters
ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments	Changes the way companies evaluate credit losses for most financial assets and certain other instruments. For trade and other receivables, held-to-maturity debt securities, loans and other instruments, entities will be required to use a new forward-looking “expected loss” model to evaluate impairment, potentially resulting in earlier recognition of allowances for losses. The new standard also requires enhanced disclosures, including the requirement to disclose the information used to track credit quality by year of origination for most financing receivables. The guidance must be applied using a cumulative-effect transition method.	Annual periods beginning after December 15, 2019	We are currently evaluating the effect this will have on our financial position, results of operations and related disclosures. We do not expect that there will be a material impact to the financial statements as a result of adopting this ASU.
ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment	Eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge (commonly referred to as Step 2 under the current guidance). Rather, the measurement of a goodwill impairment charge will be based on the excess of a reporting unit’s carrying value over its fair value (Step 1 under the current guidance). This guidance should be applied prospectively.	Annual and interim impairment tests performed in periods beginning after December 15, 2019	We are currently evaluating the effect this will have on our financial position, results of operations and related disclosures.
ASU 2018-15, Intangibles - Goodwill and Other (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract	Aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. The amendments may be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption.	Annual periods beginning after December 15, 2019	We are currently evaluating the effect this will have on our financial position, results of operations and related disclosures.