Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease, Cost [Table Text Block]
The following table summarizes the Company's lease costs for the year ended December 31, 2019 and related information:
 
Year ended
 
December 31,
2019
Lease cost
 
Finance lease cost:
 
Amortization of right-of-use assets
$
1,019

Interest on lease liabilities
129

Operating lease cost
59,012

Short-term lease cost
12,056

Variable lease cost
373,181

Sublease income
2,154

Total lease cost
$
447,551

 
 
Other information
 
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from finance leases
$
129

Operating cash flows from operating leases
$
57,589

Financing cash flows from finance leases
$
946

Right-of-use assets obtained in exchange for new finance lease liabilities
$
8,188

Right-of-use assets obtained in exchange for new operating lease liabilities
$
202,278

Weighted-average remaining lease term - finance leases (in years)
4.6

Weighted-average remaining lease term - operating leases (in years)
3.8

Weighted-average discount rate - finance leases
3.4
%
Weighted-average discount rate - operating leases
4.0
%

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]
The table below reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the lease liabilities recorded on the balance sheet as of December 31, 2019:

Payment Due Period
Operating Leases
Finance Leases
2020
$
61,804

$
1,611

2021
46,755

1,610

2022
31,918

1,342

2023
22,088

1,200

2024
14,775

798

Thereafter
7,351

268

Total minimum lease payments
184,691

6,829

Less: amount of lease payments representing interest
(32,551
)
(499
)
Present value of future minimum lease payments
152,140

6,330

Less: current portion of lease obligations
(50,615
)
(1,421
)
Long-term lease obligations
$
101,525

$
4,909