XML 29 R15.htm IDEA: XBRL DOCUMENT v3.20.2
LEASES
9 Months Ended
Sep. 30, 2020
Leases [Abstract]  
LEASES LEASES
We lease certain warehouse, plant and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2034. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the three and nine months ended September 30, 2020 and 2019 were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Operating lease cost$6,076 $6,001 $17,171 $17,442 
Finance lease cost:
Amortization of right-of-use assets$905 $1,165 $3,010 $3,041 
Interest on lease liabilities$356 $344 $1,073 $984 
Total finance lease cost$1,261 $1,509 $4,083 $4,025 
Short-term lease and variable lease costs$2,466 $1,757 $7,344 $6,027 
Supplemental cash flow information related to leases was as follows:
Nine Months Ended September 30,20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$17,060 $15,874 
Operating cash flows from finance leases1,089 877 
Financing cash flows from finance leases3,678 3,365 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$19,255 $11,673 
Finance leases3,356 12,401 
LEASES LEASES
We lease certain warehouse, plant and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2034. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the three and nine months ended September 30, 2020 and 2019 were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Operating lease cost$6,076 $6,001 $17,171 $17,442 
Finance lease cost:
Amortization of right-of-use assets$905 $1,165 $3,010 $3,041 
Interest on lease liabilities$356 $344 $1,073 $984 
Total finance lease cost$1,261 $1,509 $4,083 $4,025 
Short-term lease and variable lease costs$2,466 $1,757 $7,344 $6,027 
Supplemental cash flow information related to leases was as follows:
Nine Months Ended September 30,20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$17,060 $15,874 
Operating cash flows from finance leases1,089 877 
Financing cash flows from finance leases3,678 3,365 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$19,255 $11,673 
Finance leases3,356 12,401