Leases, Codification Topic 842

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Leases of Lessee Disclosure

Leases

We have operating leases for our corporate and division offices, production facilities, model homes, and certain office and production equipment. Additionally, we have entered into finance leases for one of our production facilities and certain plant equipment. Our leases have remaining lease terms of up to 19.7 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the lease. See Note 1 herein for additional information regarding leases.

The components of lease expense were as follows:

	Year Ended December 31, 2020		Year Ended December 31, 2019
Lease expense
Operating lease expense	$	31,704	$	30,991
Finance lease expense:
Amortization of ROU assets	1,313		382
Interest on lease liabilities	281		76
Short-term lease expense	24,361		26,843
Total lease expense	$	57,659	$	58,292

For the year ended December 31, 2018, total rent expense incurred under operating leases was approximately $52,900.

Other information related to leases was as follows:

	Year Ended December 31, 2020			Year Ended December 31, 2019
Supplemental Cash Flows Information:
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	27,953		$	25,272
Operating cash flows from finance leases	$	281		$	76
Financing cash flows from finance leases	$	989		$	306
ROU assets obtained in exchange for lease obligations:
Operating leases	$	10,159		$	17,078
Finance leases	$	10,034		$	7,434
Weighted-average remaining lease term (in years):
Operating leases	4.7			5.1
Finance leases	12.5			6.7
Weighted-average discount rate:
Operating leases	3.4		%	3.6		%
Finance leases	2.8		%	2.8		%

We are committed under multiple non-cancelable operating leases involving office space, model homes, production facilities, automobiles and equipment. Future lease payments under these operating leases as of December 31, 2020 are as follows:

Year Ending December 31,	Operating Leases		Finance Leases
2021	$	30,111	$	1,744
2022	19,500		1,749
2023	14,918		1,754
2024	8,825		1,759
2025	4,970		1,764
Thereafter	6,641		10,742
Total lease payments	84,965		19,512
Less:
Imputed interest	5,544		3,339
Short-term lease payments	6,765		—
Total lease liability	$	72,656	$	16,173