XML 48 R34.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Supplemental Balance Sheet Information
The following table presents the Company's total right-of-use assets and lease liabilities as of December 31, 2020 and 2019 (dollars in thousands):
Balance Sheet LocationDecember 31, 2020December 31, 2019
Right-of-Use Assets
     OperatingOperating lease right-of-use assets$157,568 $143,436 
     Finance, net of accumulated amortization of $498 and $352 at December 31, 2020 and 2019, respectively
Other assets496 380 
Total Assets$158,064 $143,816 
Lease Liabilities
Current
     OperatingCurrent portion of operating lease liabilities$28,121 $34,462 
     FinanceAccounts payable and accrued liabilities250 234 
Noncurrent
     OperatingOperating lease liabilities129,273 111,184 
     FinanceOther liabilities256 146 
Total Liabilities$157,900 $146,026 
Lease Cost
The following table presents the total lease cost for the years ended December 31, 2020 and 2019 (dollars in thousands):
Statement of Operations LocationDecember 31, 2020December 31, 2019
Operating Lease CostSelling, general and administrative expenses; Corporate expenses$33,439 $37,750 
Finance Lease Cost
     Amortization of right-of-use assetsDepreciation and amortization348 414 
     Interest on lease liabilitiesInterest expense40 42 
Total Lease Cost$33,827 $38,206 
The following tables present other supplementary information for the years ended December 31, 2020 and 2019, respectively (dollars in thousands):
December 31, 2020December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
     Operating cash flows from operating leases$34,051 $22,370 
     Operating cash flows from finance leases40 42 
     Financing cash flows from finance leases339 414 
Right-of-use assets obtained in exchange for lease obligations:
     Operating leases$40,506 $22,922 
December 31, 2020December 31, 2019
Weighted Average Remaining Lease Term (in years)
     Operating leases8.857.99
     Finance leases2.692.22
Weighted Average Discount Rate
     Operating leases6.68 %7.45 %
     Finance leases6.22 %7.44 %
Operating Lease Maturity
As of December 31, 2020, future minimum lease payments, as defined under ASC 842, for the following five fiscal years and thereafter were as follows (dollars in thousands):
Operating LeasesFinance LeasesTotal
2021$28,106 $253 $28,359 
202227,577 173 27,750 
202326,045 61 26,106 
202422,133 44 22,177 
202518,972 15 18,987 
Thereafter85,883 — 85,883 
Total lease payments$208,716 $546 $209,262 
Less: imputed interest(51,322)(40)(51,362)
Total$157,394 $506 $157,900 
Finance Leases Maturity
As of December 31, 2020, future minimum lease payments, as defined under ASC 842, for the following five fiscal years and thereafter were as follows (dollars in thousands):
Operating LeasesFinance LeasesTotal
2021$28,106 $253 $28,359 
202227,577 173 27,750 
202326,045 61 26,106 
202422,133 44 22,177 
202518,972 15 18,987 
Thereafter85,883 — 85,883 
Total lease payments$208,716 $546 $209,262 
Less: imputed interest(51,322)(40)(51,362)
Total$157,394 $506 $157,900 
Sale Leaseback Maturity Future minimum payments related to the Company's failed sale-leasebacks as of December 31, 2020 were as follows (dollars in thousands):
Tower SaleOtherTotal
2021$13,266 $1,603 $14,869 
202213,664 1,650 15,314 
202314,074 1,701 15,775 
202414,496 1,751 16,247 
202514,931 301 15,232 
Thereafter171,175 — 171,175 
$241,606 $7,006 $248,612 
Lease Receivable, Maturity
Future minimum payments to be received under the Company's lessor arrangements as of December 31, 2020 were as follows (dollars in thousands):
Operating Leases
2021$271 
2022245 
2023242 
2024160 
202582 
Thereafter119 
Total lease receivables$1,119