XML 34 R20.htm IDEA: XBRL DOCUMENT v3.20.4
Leases
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases LEASES
The Company leases certain warehouses, office spaces, land, vehicles and equipment under operating lease agreements. The remaining terms of these leases range from less than 1 year to 44 years. The operating lease expense for the years ended December 31, 2020, 2019 and 2018, totaled $7,797, $8,800 and $6,175, respectively. The cash paid for amounts included in the measurement of lease liabilities included in the operating cash flows from operating leases was $6,634 and $6,802 for the years ended December 31, 2020 and 2019, respectively. The Company does not have any finance lease arrangements.
The Company's operating lease assets and lease liabilities consist of the following as of December 31, 2020 and 2019:
Year Ended December 31,
AccountClassification20202019
Right-of-use assetsOther assets$21,720 $23,028 
Short-term lease liabilitiesAccrued expenses and other liabilities5,778 5,300 
Long-term lease liabilitiesDeferred income taxes and other long-term liabilities18,448 20,410 
Total lease liabilities$24,226 $25,710 
The table below presents the maturities of operating lease liabilities as of December 31, 2020:
2021$6,452 
20224,854 
20233,573 
20242,251 
20252,076 
Thereafter8,311 
Total future minimum lease payments27,517 
Less: imputed interest(3,291)
Present value of lease liabilities$24,226 
Other information relevant to the Company's operating leases consist of the following as of December 31, 2020 and 2019:
Year Ended December 31,
20202019
Weighted-average remaining lease term9 years9 years
Weighted-average discount rate3.46 %3.58 %