Rollins, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Leases Classification [Table Text Block]

Lease Classification

(in thousands)
				Three Months Ended March 31,
Lease Classification		Financial Statement Classification		2021				2020
Short-term lease cost		Cost of services provided, Sales, general, and administrative expenses		$	60			$	76
Operating lease cost		Cost of services provided, Sales, general, and administrative expenses			22,634				20,717
Total lease expense				$	22,694			$	20,793

Other Information
Weighted-average remaining lease term – operating leases					5.66 years				3.84 years
Weighted-average discount rate – operating leases					3.85	%			3.93	%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases				$	22,457			$	20,477

Future minimum lease payments

Future minimum lease payments, including assumed exercise of renewal options at March 31, 2021 were as follows:

LEASES (Details 2)

(in thousands)		Operating Leases
2021 (excluding the three months ended March 31, 2021)		$	64,099
2022			70,231
2023			50,144
2024			27,083
2025			14,908
2026			10,803
Thereafter			48,844
Total Future Minimum Lease Payments			286,112
Less: Amount representing interest			31,782
Total future minimum lease payments, net of interest		$	254,330