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

Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

LEASES (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Lease Classification

Schedule of Lease Classification

(in thousands, except Other Information)
				Three Months Ended June 30,								Six Months Ended June 30,

Lease Classification		Financial Statement Classification		2021				2020				2021				2020
Short-term lease cost		Cost of services provided, Sales, general, and administrative expenses		$	60			$	57			$	125			$	133
Operating lease cost		Cost of services provided, Sales, general, and administrative expenses			22,634				21,307				46,025				42,024
Total lease expense				$	22,694			$	21,364			$	46,150			$	42,157

Other Information
Weighted-average remaining lease term – operating leases													5.59 years				3.78 years
Weighted-average discount rate – operating leases													3.75%				3.93%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases												$	45,498			$	41,599

Schedule of Future minimum lease payments

Future minimum lease payments, including assumed exercise of renewal options as of June 30, 2021 were as follows:

LEASES (Details 2)

(in thousands)
2021 (excluding the six months ended June 30, 2021)		$	44,958
2022			76,537
2023			56,663
2024			33,021
2025			18,425
2026			12,612
Thereafter			51,645
Total Future Minimum Lease Payments			293,861
Less: Amount representing interest			(33,453	)
Total future minimum lease payments, net of interest		$	260,408