Rollins (ROL) 10-Q 26 Jul 19 2019 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2019	Jul. 16, 2019
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2019
Current Fiscal Year End Date	--12-31
Entity File Number	1-4422
Entity Registrant Name	ROLLINS INC
Entity Central Index Key	0000084839
Entity Tax Identification Number	51-0068479
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2170 Piedmont Road
Entity Address, Address Line Two	N.E.
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30324
City Area Code	(404)
Local Phone Number	888-2000
Title of 12(b) Security	Common Stock
Trading Symbol	ROL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		327,486,383
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 98,466	$ 115,485
Trade receivables, net of allowance for doubtful accounts of $13,904 and $13,285, respectively	130,696	104,016
Financed receivables, short-term, net of allowance for doubtful accounts of $1,818 and $1,845, respectively	21,598	18,454
Materials and supplies	17,579	15,788
Other current assets	51,506	32,278
Total current assets	319,845	286,021
Equipment and property, net	201,196	136,885
Goodwill	563,075	368,481
Customer contracts, net	283,309	178,075
Trademarks & tradenames, net	102,986	54,140
Other intangible assets, net	11,228	11,043
Operating lease, right-of-use assets	191,183
Financed receivables, long-term, net of allowance for doubtful accounts of $1,359 and $1,536 respectively	30,611	28,227
Prepaid Pension	5,274	5,274
Deferred income taxes		6,915
Other assets	21,070	19,063
Total assets	1,729,777	1,094,124
LIABILITIES
Accounts payable	37,644	27,168
Accrued insurance	30,265	27,709
Accrued compensation and related liabilities	77,377	77,741
Unearned revenues	133,672	116,005
Operating lease liabilities - current	62,195
Current portion of long-term debt	12,500
Other current liabilities	60,688	50,406
Total current liabilities	414,341	299,029
Accrued insurance, less current portion	34,705	33,867
Operating lease liabilities, less current portion	129,373
Long-term debt	335,375
Long-term accrued liabilities	63,719	49,320
Total liabilities	977,513	382,216
STOCKHOLDERS' EQUITY
Preferred stock, without par value; 500,000 shares authorized, zero shares issued
Common stock, par value $1 per share; 550,000,000 and 375,000,000 shares authorized, 327,486,383 and 327,308,079 shares issued and outstanding, respectively	327,486	327,308
Paid in capital	82,960	85,386
Accumulated other comprehensive loss	(68,508)	(71,078)
Retained earnings	410,326	370,292
Total stockholders' equity	752,264	711,908
Total liabilities and stockholders' equity	$ 1,729,777	$ 1,094,124

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts	$ 13,904	$ 13,285
Financing receivables, short-term, allowance for doubtful accounts	1,818	1,845
Financing receivables, long-term, allowance for doubtful accounts	$ 1,359	$ 1,536
Preferred Stock, Shares Authorized	500,000	500,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par Value	$ 1	$ 1
Common Stock, Shares Authorized	550,000,000	375,000,000
Common Stock, Shares Issued	327,486,383	327,308,079
Common Stock, Shares Outstanding	327,486,383	327,308,079

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUES
Customer services	$ 523,957	$ 480,461	$ 953,026	$ 889,203
COSTS AND EXPENSES
Cost of services provided	253,333	230,772	470,591	436,915
Depreciation and amortization	20,132	16,366	36,815	33,282
Sales, general and administrative	161,886	143,379	301,416	269,866
Gain on sale of assets, net	(252)	(308)	(433)	(364)
Interest (income)/expense, net	1,899	75	1,625	133
INCOME BEFORE INCOME TAXES	86,959	90,177	143,012	149,371
PROVISION FOR INCOME TAXES	22,664	24,635	34,491	35,304
NET INCOME	$ 64,295	$ 65,542	$ 108,521	$ 114,067
NET INCOME PER SHARE - BASIC AND DILUTED	$ 0.20	$ 0.20	$ 0.33	$ 0.35
DIVIDENDS PAID PER SHARE	$ 0.11	$ 0.09	$ 0.21	$ 0.19
Weighted average participating shares outstanding - basic and diluted	327,506,000	327,282,000	327,506,000	327,263,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
NET INCOME	$ 64,295	$ 65,542	$ 108,521	$ 114,067
Other comprehensive (loss) earnings
Change in derivative	(257)		(257)
Foreign currency translation adjustments	485	(5,118)	2,827	(8,070)
Other comprehensive (loss) earnings	228	(5,118)	2,570	(8,070)
Comprehensive earnings	$ 64,523	$ 60,424	$ 111,091	$ 105,997

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning Balance (in Shares) at Dec. 31, 2017	326,988,000
Beginning Balance at Dec. 31, 2017	$ 326,988	$ 81,405	$ (45,956)	$ 291,487	$ 653,924
Net Income				114,067	114,067
Other comprehensive income, net of tax
Foreign currency translation adjustments			(8,070)		(8,070)
Cash dividends				(61,142)	(61,142)
Stock compensation	$ 617	5,959		(206)	6,370
Stock Compensation (in shares)	617,000
Employee stock buybacks	$ (279)	(9,152)		93	(9,338)
Employee Stock Buybacks (in shares)	(279,000)
Ending Balance (in Shares) at Jun. 30, 2018	327,326,000
Ending Balance at Jun. 30, 2018	$ 327,326	78,212	(54,026)	344,299	695,811
Beginning Balance (in Shares) at Mar. 31, 2018	327,279,000
Beginning Balance at Mar. 31, 2018	$ 327,279	75,079	(48,908)	309,313	662,763
Net Income				65,542	65,542
Other comprehensive income, net of tax
Foreign currency translation adjustments			(5,118)		(5,118)
Cash dividends				(30,540)	(30,540)
Stock compensation	$ 51	3,243		(17)	3,277
Stock Compensation (in shares)	51,000
Employee stock buybacks	$ (4)	(110)		1	(113)
Employee Stock Buybacks (in shares)	(4,000)
Ending Balance (in Shares) at Jun. 30, 2018	327,326,000
Ending Balance at Jun. 30, 2018	$ 327,326	78,212	(54,026)	344,299	695,811
Beginning Balance (in Shares) at Dec. 31, 2018	327,308,000
Beginning Balance at Dec. 31, 2018	$ 327,308	85,386	(71,078)	370,292	711,908
Net Income				108,521	108,521
Other comprehensive income, net of tax
Foreign currency translation adjustments			2,827		2,827
Cash dividends				(68,699)	(68,699)
Stock compensation	$ 437	7,149			7,586
Stock Compensation (in shares)	437,000
Employee stock buybacks	$ (259)	(9,575)			(9,834)
Employee Stock Buybacks (in shares)	(259,000)
Ending Balance (in Shares) at Jun. 30, 2019	327,486,000
Ending Balance at Jun. 30, 2019	$ 327,486	82,960	(68,508)	410,326	752,264
Beginning Balance (in Shares) at Mar. 31, 2019	327,530,000
Beginning Balance at Mar. 31, 2019	$ 327,530	79,932	(68,736)	380,398	719,124
Net Income				64,295	64,295
Other comprehensive income, net of tax
Foreign currency translation adjustments			485		485
Cash dividends				(34,367)	(34,367)
Stock compensation	$ (27)	3,724			3,697
Stock Compensation (in shares)	(27,000)
Employee stock buybacks	$ (17)	(696)			(713)
Employee Stock Buybacks (in shares)	(17,000)
Ending Balance (in Shares) at Jun. 30, 2019	327,486,000
Ending Balance at Jun. 30, 2019	$ 327,486	$ 82,960	$ (68,508)	$ 410,326	$ 752,264

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
OPERATING ACTIVITIES
Net income	$ 108,521	$ 114,067
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	36,815	33,282
Provision for deferred income taxes	4,763	4,508
Provision for bad debts	4,925	4,190
Stock - based compensation expense	7,586	6,370
Other, net	(900)	(1,535)
Changes in operating assets and liabilities	(24,767)	(30,373)
Net cash provided by operating activities	136,943	130,509
INVESTING ACTIVITIES
Cash used for acquisitions of companies, net of cash acquired	(410,067)	(54,619)
Purchases of equipment and property	(13,436)	(14,246)
Proceeds from sales of franchises	486	228
Other	1,097	425
Net cash used in investing activities	(421,920)	(68,212)
FINANCING ACTIVITIES
Cash paid for common stock purchased	(9,834)	(9,338)
Dividends paid	(68,699)	(61,142)
Repayments of long-term debt	(20,125)
Borrowings under Term Loan	250,000
Borrowings under Revolving Commitment	118,000
Net cash used in financing activities	269,342	(70,480)
Effect of exchange rate changes on cash	(1,384)	(10,982)
Net increase/(decrease) in cash and cash equivalents	(17,019)	(19,165)
Cash and cash equivalents at beginning of period	115,485	107,050
Cash and cash equivalents at end of period	98,466	87,885
Supplemental disclosure of cash flow information:
Non-cash additions to operating lease right-of-use assets	$ 24,322

BASIS OF PREPARATION AND OTHER

BASIS OF PREPARATION AND OTHER	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
BASIS OF PREPARATION AND OTHER	NOTE 1. BASIS OF PREPARATION AND OTHER Basis of Preparation The preparation of interim financial statements requires management to make estimates and assumptions for the amounts reported in the condensed consolidated financial statements. Specifically, the Company makes estimates in its interim condensed consolidated financial statements for the termite accrual, which includes future costs including termiticide life expectancy and government regulations, the insurance accrual, which includes self-insurance and worker's compensation, inventory adjustments, discounts and volume incentives earned, among others. In the opinion of management, all adjustments necessary for a fair presentation of the Company's financial results for the interim periods have been made. These adjustments are of a normal recurring nature. The results of operations for the three and six month periods ended June 30, 2019 are not necessarily indicative of results for the entire year. The Company has only one Derivative Instruments and Hedging Activities Accounting Policy for Derivative Instruments and Hedging Activities FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity's financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company's objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. ROLLINS, INC. AND SUBSIDIARIES In accordance with the FASB's fair value measurement guidance [in ASU 2011-04], the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Three-for-Two Stock Split All share and per share data presented have been adjusted to account for the three-for-two stock split effective December 10, 2018.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS Recently adopted accounting standards The Company adopted ASU 2016-02, Leases (ASC 842), on January 1, 2019 using the modified retrospective approach and did not restate comparative periods as permitted by ASU 2018-11, Leases (Topic 842): Targeted Improvements. We have elected the transition package of practical expedients, which permitted us not to reassess our prior conclusions regarding lease identification, lease classification and initial direct cost. Upon adoption, the Company recognized operating lease right-of-use assets and liabilities of $ 195.7 195.5 The Company adopted ASU 2018-02, “Income Statement—Reporting Comprehensive Income (ASC 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 (“Tax Reform Act”). The Company adopted ASU 2018-02 effective January 1, 2019 and elected not to recognize a cumulative-effect adjustment. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (ASC 815), which provides new guidance intended to improve the financial reporting of hedging relationships to better portray the economic results of an entity's risk management activities in its financial statements. This ASU was adopted by the Company in 2019. The adoption of this ASU did not have an impact on the Company's consolidated financial statements. Recently issued accounting standards to be adopted in 2020 or later In June of 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (ASC 326): Measurement of Credit Losses on Financial Instruments.” The updated accounting guidance requires changes to the recognition of credit losses on financial instruments not accounted for at fair value through net income. The guidance is effective for interim and annual periods beginning after December 15, 2019. The Company is currently evaluating the effect the guidance will have on its consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (ASC 350): Simplifying the Test for Goodwill Impairment, which eliminates the requirement to calculate the implied fair value of goodwill (i.e., Step 2 of the current goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value (i.e., measure the charge based on the current Step 1). The standard in this update is effective for the Company's financial statements issued for fiscal years beginning in 2020. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The adoption of this ASU is not expected to have a material impact on the Company's consolidated financial statements.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 3. REVENUE On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. The following tables present our revenues disaggregated by revenue source (in thousands). Sales and usage-based taxes are excluded from revenues. No sales to an individual customer or in a country other than the United States accounted for more than 10% of the sales for the periods listed on the following table. Revenue, classified by the major geographic areas in which our customers are located (In thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 United States $ 485,170 $ 443,782 $ 879,170 $ 819,741 Other countries 38,787 36,679 73,856 69,462 Total Revenues $ 523,957 $ 480,461 $ 953,026 $ 889,203 Revenue from external customers, classified by significant product and service offerings, was as follows: (In thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Residential revenue $ 224,682 $ 202,183 $ 397,190 $ 366,558 Commercial revenue 191,456 177,726 361,127 339,932 Termite completions, bait monitoring, & renewals 102,352 93,761 182,601 170,368 Franchise revenues 3,442 4,836 6,703 7,244 Other revenues 2,025 1,955 5,405 5,101 Total Revenues $ 523,957 $ 480,461 $ 953,026 $ 889,203

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 4. EARNINGS PER SHARE The Company follows ASC 260, Earnings Per Share Basic and diluted earnings per share Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Basic and diluted earnings per share Common stock $ 0.20 $ 0.20 $ 0.33 $ 0.35 Restricted shares of common stock $ 0.18 $ 0.20 $ 0.30 $ 0.37

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	NOTE 5. CONTINGENCIES In the normal course of business, certain of the Company's subsidiaries are defendants in a number of lawsuits, claims or arbitrations which allege that the subsidiaries' services caused damage. In addition, the Company defends employment related cases and claims from time to time. We are involved in certain environmental matters primarily arising in the normal course of business. We are actively contesting each of these matters. Management does not believe that any pending claim, proceeding or litigation, either alone or in the aggregate will have a material adverse effect on the Company's financial position, results of operations or liquidity; however, it is possible that an unfavorable outcome of some or all of the matters, however unlikely, could result in a charge that might be material to the results of an individual quarter or year.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 6. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company's financial instruments consist of cash and cash equivalents, trade receivables, notes receivable, accounts payable and other short-term liabilities. The carrying amounts of these financial instruments approximate their respective fair values. The Company entered into a new Credit Agreement with SunTrust Bank and Bank of America, N.A. for an unsecured Revolving Commitment of up to $ 175.0 75.0 25.0 250.0 101.0 246.9 In order to comply with applicable debt covenants, the Company will maintain at all times a Leverage Ratio of not greater than 3.00:1.00. The Leverage ratio is calculated as of the last day of the fiscal quarter most recently ended. At June 30, the Company had a $26.9 million of earnout liability with the former owners of acquired companies. The earnouts were discounted on the Company's books using the Monte-Carlo simulation valuation model at $26.9 million of level 3 liabilities. Recurring Fair Value Measurements Quoted Prices in Active Markets for Identical Significant Other Significant Unobservable Assets and Liabilities Observable Inputs Inputs at June 30, at June 30, at June 30, Total Fair Value (Level 1) (Level 2) (Level 3) at June 30, 2019 2018 2019 2018 2019 2018 2019 2018 Liabilities Acquisition earnouts $ — $ — $ — $ — $ 26,918 $ 21,489 $ 26,918 $ 21,489 Level 3 Rollforward The table below presents a summary of the changes in fair value for level 3 assets and liabilities. The table below disaggregates, by product type, the information for assets and liabilities Six Months Ended June 30, 2019 (in thousands) 2019 2018 Acquisition earnouts booked using the Monte-Carlo Simulation Model Beginning balance $ 14,339 $ 17,959 New acquisition earnouts 12,700 3,025 Adjustments and Accrued Interest 1,355 701 Earnout payments (1,476 ) (196 ) Ending balance $ 26,918 $ 21,489

UNEARNED REVENUE

UNEARNED REVENUE	6 Months Ended
	Jun. 30, 2019
Unearned Revenue
UNEARNED REVENUE	NOTE 7. UNEARNED REVENUE Changes in unearned revenue For the period ended June 30, December 31 June 30, (in thousands) 2019 2018 2018 Balance at beginning of year $ 127,075 $ 117,614 $ 117,614 Deferral of unearned revenue 100,188 166,053 95,948 Recognition of unearned revenue (80,496 ) (156,592 ) (78,290 ) Balance at end of period $ 146,767 $ 127,075 $ 135,272 Deferred revenue recognized in the three and six months ended June 30, 2019 and 2018 were $ 40.5 39.5 80.5 78.3 Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized (“contracted not recognized revenue”), which includes both unearned revenue and revenue that will be invoiced and recognized in future periods. The Company has no material contracted not recognized revenue as of June 30, 2019 or December 31, 2018. At June 30, 2019 and December 31, 2018, the Company had long-term unearned revenue of $ 13.1 10.2 five

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Future Commitments Under Operating Leases
LEASES	NOTE 8. LEASES The Company leases certain buildings, vehicles, and equipment in order to reduce the risk associated with ownership. The Company elected the practical expedient approach permitted under ASC 842 not to include short-term leases with a duration of 12 months or less on the balance sheet. As of June 30, 2019 and December 31, 2018, all leases were classified as operating leases. Building leases generally carry terms of 5 to 10 years with annual rent escalations at fixed amounts per the lease. Vehicle leases generally carry a fixed term of one year with renewal options to extend the lease on a monthly basis resulting in lease terms up to 5 years depending on the class of vehicle. The exercise of renewal options is at the Company's sole discretion. It is reasonably certain that the Company will exercise the renewal options on its vehicle leases. The measurement of right-of-use assets and liabilities for vehicle leases includes the fixed payments associated with such renewal periods. We separate lease and nonlease components of contracts. Our lease agreements do not contain any material variable payments, residual value guarantees, early termination penalties or restrictive covenants. ROLLINS, INC. AND SUBSIDIARIES The Company uses the rate implicit in the lease when available; however, most of our leases do not provide a readily determinable implicit rate. Accordingly, we estimate our incremental borrowing rate based on information available at lease commencement. (in thousands) Lease Classification Financial Statement Classification Six Months Ended Short-term lease cost Cost of services provided, Sales, general, and administrative expenses $ 71 Operating lease cost Cost of services provided, Sales, general, and administrative expenses 19,115 Total lease expense $ 19,186 Other Information Weighted-average remaining lease term - operating leases 4.08 Weighted-average discount rate - operating leases 3.94 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases 18,865 Lease Commitments Future minimum lease payments (in thousands) Operating 2019 (excluding the six months ended June 30, 2019) $ 35,805 2020 61,245 2021 45,685 2022 27,575 2023 14,278 2024 9,031 Thereafter 14,965 Total future minimum lease payments 208,584 Less: Amount representing interest 17,016 Total future minimum lease payments, net of interest $ 191,568 Total future minimum lease payments for operating leases, including the amount representing interest, are comprised of $ 99.9 108.7 Future commitments under operating leases (in thousands) Operating 2019 $ 28,751 2020 18,024 2021 14,463 2022 11,142 2023 8,998 Thereafter 16,234 Total future minimum lease payments, net of interest $ 97,612 Future commitments presented in the table above exclude lease payments in renewal periods for which it is reasonably certain that the Company will exercise the renewal option.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 9. STOCKHOLDERS' EQUITY During the six months ended June 30, 2019, the Company paid $68.7 million or $ 0.21 0.19 During the second quarter ended June 30, 2019 and during the same period in 2018 the Company did not repurchase shares on the open market. The Company repurchases shares from employees for the payment of taxes on restricted shares that have vested. The Company repurchased $ 0.7 0.1 9.8 9.3 As more fully discussed in Note 17 of the Company's notes to the consolidated financial statements in its 2018 Annual Report on Form 10-K, time-lapse restricted shares and restricted stock units have been issued to officers and other management employees under the Company's Employee Stock Incentive Plans. The Company issues new shares from its authorized but unissued share pool. At June 30, 2019, approximately 5.5 Time Lapse Restricted Shares and Restricted Stock Units The following table summarizes the components of the Company's stock-based compensation Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Time lapse restricted stock: Pre-tax compensation expense $ 3,697 $ 3,277 $ 7,586 $ 6,370 Tax benefit (963 ) (717 ) (1,784 ) (1,503 ) Restricted stock expense, net of tax $ 2,734 $ 2,560 $ 5,802 $ 4,867 The following table summarizes information on unvested restricted stock Number of Average Grant- Unvested Restricted Stock at December 31, 2018 2,724 $ 21.08 Forfeited (48 ) 22.45 Vested (782 ) 15.63 Granted 485 38.40 Unvested Restricted Stock at March 31, 2019 2,379 $ 25.93 At June 30, 2019 and December 31, 2018, the Company had $ 49.2 39.2 4.5 4.3

PENSION AND POST RETIREMENT BEN

PENSION AND POST RETIREMENT BENEFIT PLAN	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
PENSION AND POST RETIREMENT BENEFIT PLAN	NOTE 10. PENSION AND POST RETIREMENT BENEFIT PLAN The following table represents the net periodic pension benefit costs and related components in accordance with FASB ASC 715 “ Compensation Retirement Benefits”: Components of Net Pension Benefit Loss/(Gain) Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2018 2017 Interest and service cost $ 1,762 $ 1,995 $ 3,524 $ 3,990 Expected return on plan assets (2,640 ) (3,443 ) (5,280 ) (6,886 ) Amortization of net loss 878 826 1,756 1,652 Net periodic loss/(benefit) $ — $ (622 ) $ — $ (1,244 ) During the six months ended June 30, 2019 and the same period in 2018 the Company made no contributions to its defined benefit retirement plans (the “Plans”). The Company made no contributions for the year ended December 31, 2018. The Company is adequately funded on its Plans and is not expecting to make further contributions in 2019. The Company has initiated the process to transition its Pension Plan to an insurance provider. The process should be completed by the end of September 30, 2019. The Company's Pension Plan is currently more than 100% funded.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
BUSINESS COMBINATIONS	NOTE 11. BUSINESS COMBINATIONS The Company made fourteen 38 Acquisition of Clark Pest Control: On April 30, 2019, the Company announced it had acquired Clark Pest Control of Stockton, Inc. Clark Pest Control is a leading pest management company in California and the nation's 8th largest pest management company according to PCT 100 rankings. Clark Pest Control has a customer base of approximately 145,000 26 2 139.2 The Company engaged an independent valuation firm to determine the allocation of the purchase price to Goodwill and identifiable Intangible assets. The preliminary valuation resulted in the allocation of $191.9 million to goodwill, $112.7 million to customer contracts, and $49.8 million to other intangible assets, principally tradenames. The Company is in the process of analyzing the estimated values of assets and liabilities acquired, evaluating third-party valuations of certain tangible and intangible assets and finalizing its operating plans and, thus, the allocation of the purchase price is subject to material revision in its future financial statements. The finite-lived intangible assets, principally customer contracts, are being amortized over periods principally ranging from 5 10 ROLLINS, INC. AND SUBSIDIARIES The preliminary fair values of Clark Pest Control's assets and liabilities, at the date of acquisition at April 30 (dollars in thousands) 2019 Assets and liabilities: Trade accounts receivables $ 6,974 Materials and supplies 900 Other current assets 5,367 Equipment and property, net 65,535 Goodwill 191,853 Customer contracts 112,700 Trademarks & tradenames 49,300 Non-compete agreements 500 Accounts payable (1,929 ) Accrued compensation and related liabilities (5,678 ) Unearned revenues (879 ) Contingent Consideration, short-term (6,777 ) Other current liabilities (5,452 ) Accrued insurance, less current portion (1,870 ) Other long-term accrued liabilities (9,352 ) Contingent Consideration, long-term (5,923 ) $ 395,269 The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 REVENUES Customer services $ 535,993 $ 515,454 $ 997,829 $ 957,373 COSTS AND EXPENSES 449,706 421,442 854,953 800,692 INCOME BEFORE INCOME TAXES 86,287 94,012 142,876 156,681 PROVISION FOR INCOME TAXES 22,489 25,683 34,458 37,032 NET INCOME $ 63,798 $ 68,329 $ 108,418 $ 119,649 NET INCOME PER SHARE - BASIC AND DILUTED $ 0.19 $ 0.21 $ 0.33 $ 0.37 DIVIDENDS PAID PER SHARE $ 0.11 $ 0.09 $ 0.21 $ 0.19 Weighted average participating shares outstanding - basic and diluted 327,506 327,282 327,506 327,263 The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period June 30, 2019 Accounts receivable, net $ 7,496 Materials & supplies 1,213 Equipment and property 67,048 Goodwill 194,562 Customer contracts and other intangible assets 173,450 Current liabilities (13,470 ) Other assets and liabilities, net (7,532 ) Total cash purchase price $ 422,767 Less: Contingent consideration liability (12,700 ) Total cash purchase price $ 410,067 ROLLINS, INC. AND SUBSIDIARIES Goodwill from acquisitions represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $563.1 million and $368.5 million at June 30, 2019 and December 31, 2018, respectively. Goodwill generally changes due to the timing of acquisitions, finalization of allocation of purchase prices of previous acquisitions and foreign currency translations. The carrying amount of goodwill in foreign countries was $ 55.2 54.9 The Company completed its most recent annual impairment analysis as of September 30, 2018. Based upon the results of this analysis, the Company has concluded that no impairment of its goodwill or other intangible assets was indicated. The carrying amount of customer contracts was $ 283.3 178.1 103.0 54.1 11.2 11.0 35.1 37.1 3.5 3.7 1.4 1.6 Customer contracts and other amortizable intangible assets are amortized on a straight-line basis over their economic useful lives. The following table sets forth the components of intangible assets Intangible Asset Carrying Useful Life Customer contracts $ 283,309 3 12 Trademarks and tradenames 102,986 N/A- 20 Non-compete agreements 4,881 3 20 Patents 1,743 3 15 Other assets 2,377 10 Internet domains 2,227 N/A Total customer contracts and other intangible assets $ 397,523

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 12. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. To manage this risk, the Company enters into derivative financial instruments from time to time. Certain of the Company's foreign operations expose the Company to fluctuations of foreign interest rates and exchange rates. These fluctuations may impact the value of the Company's cash receipts and payments in terms of the Company's functional currency. The Company enters into derivative financial instruments from time to time to protect the value or fix the amount of certain obligations in terms of its functional currency, the U.S. dollar. Cash Flow Hedges of Interest Rate Risk The Company's objectives in using interest rate derivatives are to add stability to interest and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. During 2019, such derivatives were used to hedge the cash flows associated with existing unsecured variable rate debt. ROLLINS, INC. AND SUBSIDIARIES For derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified into interest expense/income in the same period(s) during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized currently in earnings recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with the Company's accounting policy election. The earnings recognition of excluded components is presented in interest expense/income. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense/income as interest payments are made/received on the Company's variable-rate debt/assets. During 2019, the Company estimates that an additional $ 0.4 As of June 30, 2019, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk Number of Notional Interest Rate Derivative Instruments Amount Interest Rate Floors 1 $ 100,000 The table below presents the effect of fair value and cash flow hedge accounting on Accumulated Other Comprehensive Income as of June 30, 2019 and June 30 2018. The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income Derivatives in Subtopic Amount of Gain or (Loss) Amount of Gain or (Loss) 815-20 Hedging Recognized in Reclassified from Accumulated OCI Relationships OCI on Derivative into Income Three Months Ended June 30, Six Months Ended June 30, Derivatives in Cash Flow Hedging Relationships 2019 2018 2019 2018 Interest Rate Products $ 257 $ — $ 257 $ — Total $ 257 $ — $ 257 $ — Hedges of Foreign Exchange Risk The Company is exposed to fluctuations in various foreign currencies against its functional currency, the U.S. dollar. The Company uses foreign currency derivatives, specifically vanilla foreign currency forwards, to manage its exposure to fluctuations in the USD-CAD and AUD-USD exchange rates. Currency forward agreements involve fixing the foreign currency exchange rate for delivery of a specified amount of foreign currency on a specified date. The currency forward agreements are typically cash settled in U.S. dollars for their fair value at or close to their settlement date. The Company does not currently designate any of these foreign exchange forwards under hedge accounting, but rather reflects the changes in fair value immediately in earnings. Derivatives not designated as hedges are not speculative and are used to manage the Company's exposure to foreign exchange rates. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings and were equal to a net loss of $ 0.1 0.2 0.2 0.3 As of June 30, 2019, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships Non-Designated Derivative Summary FX Forward Contracts Number of Sell Buy Sell AUD/Buy USD Fwd Contract 1 $ 100 $ 71 Sell CAD/Buy USD Fwd Contract 3 $ 2,500 $ 1,869 Total 4 $ 1,940 ROLLINS, INC. AND SUBSIDIARIES The table below presents the fair value of the Company's derivative financial instruments Tabular Disclosure of Fair Values of Derivative Instruments Derivatives Asset Derivative Liabilities Fair Value as of: Derivatives Not Designated as Hedging Instruments June 30, December 31, June 30, December 31, FX Forward Contracts Balance Sheet Location Other Other Other Other Sell AUD/Buy USD Fwd Contract $ — $ 18 $ — $ (1 ) Sell CAD/Buy USD Fwd Contract 8 121 (91 ) (4 ) Total $ 8 $ 139 $ (91 ) $ (5 ) Effect of Derivative Instruments on the Income Statement as Hedging Instruments for the Three and Six Months Ended June 30, 2019 and 2018 Amount of Gain or (Loss) Amount of Gain or (Loss) Derivatives Designated Location of Gain or (Loss) Recognized in Income Recognized in Income as Hedging Instruments Recognized in Income Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Swap Other inc/(exp) $ 1 $ — $ 1 $ — Total $ 1 $ — $ 1 $ — Amount of Gain or (Loss) Amount of Gain or (Loss) Derivatives Not Designated Location of Gain or (Loss) Recognized in Income Recognized in Income as Hedging Instruments Recognized in Income Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Sell AUD/Buy USD Fwd Contract Other inc/(exp) $ 4 $ 27 $ — $ 38 Sell CAD/Buy USD Fwd Contract Other inc/(exp) (71 ) 123 (157 ) 259 Total $ (67 ) $ 150 $ (157 ) $ 297 The table below presents the total fair value classification within the fair value hierarchy for the complete portfolio of derivative transactions Recurring Fair Value Measurements Quoted Prices in Active Markets for Identical Significant Other Significant Unobservable Assets and Liabilities Observable Inputs Inputs at June 30, at June 30, at June 30, Total Fair Value (Level 1) (Level 2) (Level 3) at June 30, 2019 2018 2019 2018 2019 2018 2019 2018 Assets Derivative Financial Instruments $ — $ — $ 8 $ 122 $ — $ — $ 8 $ 122 Liabilities Derivative Financial Instruments $ — $ — $ (91 ) $ (10 ) $ — $ — $ (91 ) $ (10 ) ROLLINS, INC. AND SUBSIDIARIES As of June 30, 2019, the fair value of derivatives in a net liability position was nine thousand dollars inclusive of counterparty credit risk. As of the balance sheet date, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions at June 30, 2019, it could have been required to settle its obligations under the agreements at their termination value of nine thousand dollars.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
DEBT	NOTE 13. DEBT The Company's financial instruments consist of cash and cash equivalents, trade receivables, notes receivable, accounts payable and other short-term liabilities. The carrying amounts of these financial instruments approximate their respective fair values. The Company entered into a new Credit Agreement with SunTrust Bank and Bank of America, N.A. for an unsecured Revolving Commitment of up to $175.0 million, which includes a $75.0 million letter of credit subfacility and a $25.0 million swingline subfacility and an unsecured variable rate $250.0 million Term Loan with SunTrust Bank and Bank of America, N.A. Both the Revolving Commitment and the Term Loan have five year durations commencing on April 29, 2019. In addition, the agreement has provisions to extend the duration beyond the Revolving Commitment Termination date as well optional prepayments rights to at any time and from time to time prepay any borrowing, in whole or in part, without premium or penalty. As of June 30, 2019, the Revolving Commitment had outstanding borrowings of $101.0 million and the Term Loan had outstanding borrowings of $246.9 million. As of December 31, 2018, there were no outstanding borrowings. In order to comply with applicable debt covenants, the Company will maintain at all times a Leverage Ratio of not greater than 3.00:1.00. The Leverage ratio is calculated as of the last day of the fiscal quarter most recently ended. The Company remained in compliance with applicable debt covenants through the date of this filing and expects to maintain compliance through 2019. The credit agreement is included as Exhibit 10.1.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14. SUBSEQUENT EVENTS On July 23, 2019, the Company announced that the Board of Directors declared a regular quarterly cash dividend on its common stock of $ 0.105

BASIS OF PREPARATION AND OTHER

BASIS OF PREPARATION AND OTHER (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Preparation	Basis of Preparation The preparation of interim financial statements requires management to make estimates and assumptions for the amounts reported in the condensed consolidated financial statements. Specifically, the Company makes estimates in its interim condensed consolidated financial statements for the termite accrual, which includes future costs including termiticide life expectancy and government regulations, the insurance accrual, which includes self-insurance and worker's compensation, inventory adjustments, discounts and volume incentives earned, among others. In the opinion of management, all adjustments necessary for a fair presentation of the Company's financial results for the interim periods have been made. These adjustments are of a normal recurring nature. The results of operations for the three and six month periods ended June 30, 2019 are not necessarily indicative of results for the entire year. The Company has only one
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Accounting Policy for Derivative Instruments and Hedging Activities FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity's financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company's objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.
Three-for-Two Stock Split	Three-for-Two Stock Split All share and per share data presented have been adjusted to account for the three-for-two stock split effective December 10, 2018.

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue, classified by the major geographic areas in which our customers are located	Sales and usage-based taxes are excluded from revenues. No sales to an individual customer or in a country other than the United States accounted for more than 10% of the sales for the periods listed on the following table. Revenue, classified by the major geographic areas in which our customers are located (In thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 United States $ 485,170 $ 443,782 $ 879,170 $ 819,741 Other countries 38,787 36,679 73,856 69,462 Total Revenues $ 523,957 $ 480,461 $ 953,026 $ 889,203 Revenue from external customers, classified by significant product and service offerings, was as follows: (In thousands) Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Residential revenue $ 224,682 $ 202,183 $ 397,190 $ 366,558 Commercial revenue 191,456 177,726 361,127 339,932 Termite completions, bait monitoring, & renewals 102,352 93,761 182,601 170,368 Franchise revenues 3,442 4,836 6,703 7,244 Other revenues 2,025 1,955 5,405 5,101 Total Revenues $ 523,957 $ 480,461 $ 953,026 $ 889,203

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Basic and diluted earnings per share	Basic and diluted earnings per share Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Basic and diluted earnings per share Common stock $ 0.20 $ 0.20 $ 0.33 $ 0.35 Restricted shares of common stock $ 0.18 $ 0.20 $ 0.30 $ 0.37

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	Recurring Fair Value Measurements Quoted Prices in Active Markets for Identical Significant Other Significant Unobservable Assets and Liabilities Observable Inputs Inputs at June 30, at June 30, at June 30, Total Fair Value (Level 1) (Level 2) (Level 3) at June 30, 2019 2018 2019 2018 2019 2018 2019 2018 Liabilities Acquisition earnouts $ — $ — $ — $ — $ 26,918 $ 21,489 $ 26,918 $ 21,489
product type, the information for assets and liabilities	The table below disaggregates, by product type, the information for assets and liabilities Six Months Ended June 30, 2019 (in thousands) 2019 2018 Acquisition earnouts booked using the Monte-Carlo Simulation Model Beginning balance $ 14,339 $ 17,959 New acquisition earnouts 12,700 3,025 Adjustments and Accrued Interest 1,355 701 Earnout payments (1,476 ) (196 ) Ending balance $ 26,918 $ 21,489

UNEARNED REVENUE (Tables)

UNEARNED REVENUE (Tables)	6 Months Ended
	Jun. 30, 2019
Unearned Revenue
Changes in unearned revenue	Changes in unearned revenue For the period ended June 30, December 31 June 30, (in thousands) 2019 2018 2018 Balance at beginning of year $ 127,075 $ 117,614 $ 117,614 Deferral of unearned revenue 100,188 166,053 95,948 Recognition of unearned revenue (80,496 ) (156,592 ) (78,290 ) Balance at end of period $ 146,767 $ 127,075 $ 135,272

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Future Commitments Under Operating Leases
Lease Classification	(in thousands) Lease Classification Financial Statement Classification Six Months Ended Short-term lease cost Cost of services provided, Sales, general, and administrative expenses $ 71 Operating lease cost Cost of services provided, Sales, general, and administrative expenses 19,115 Total lease expense $ 19,186 Other Information Weighted-average remaining lease term - operating leases 4.08 Weighted-average discount rate - operating leases 3.94 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases 18,865
Future minimum lease payments	Future minimum lease payments (in thousands) Operating 2019 (excluding the six months ended June 30, 2019) $ 35,805 2020 61,245 2021 45,685 2022 27,575 2023 14,278 2024 9,031 Thereafter 14,965 Total future minimum lease payments 208,584 Less: Amount representing interest 17,016 Total future minimum lease payments, net of interest $ 191,568
Future commitments under operating leases	Future commitments under operating leases (in thousands) Operating 2019 $ 28,751 2020 18,024 2021 14,463 2022 11,142 2023 8,998 Thereafter 16,234 Total future minimum lease payments, net of interest $ 97,612

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
components of the Company's stock-based compensation	The following table summarizes the components of the Company's stock-based compensation Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2019 2018 Time lapse restricted stock: Pre-tax compensation expense $ 3,697 $ 3,277 $ 7,586 $ 6,370 Tax benefit (963 ) (717 ) (1,784 ) (1,503 ) Restricted stock expense, net of tax $ 2,734 $ 2,560 $ 5,802 $ 4,867
unvested restricted stock	The following table summarizes information on unvested restricted stock Number of Average Grant- Unvested Restricted Stock at December 31, 2018 2,724 $ 21.08 Forfeited (48 ) 22.45 Vested (782 ) 15.63 Granted 485 38.40 Unvested Restricted Stock at March 31, 2019 2,379 $ 25.93

PENSION AND POST RETIREMENT B_2

PENSION AND POST RETIREMENT BENEFIT PLAN (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Components of Net Pension Benefit Loss/(Gain)	Components of Net Pension Benefit Loss/(Gain) Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2019 2018 2018 2017 Interest and service cost $ 1,762 $ 1,995 $ 3,524 $ 3,990 Expected return on plan assets (2,640 ) (3,443 ) (5,280 ) (6,886 ) Amortization of net loss 878 826 1,756 1,652 Net periodic loss/(benefit) $ — $ (622 ) $ — $ (1,244 )

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
The preliminary fair values of Clark Pest Control's assets and liabilities, at the date of acquisition	The preliminary fair values of Clark Pest Control's assets and liabilities, at the date of acquisition at April 30 (dollars in thousands) 2019 Assets and liabilities: Trade accounts receivables $ 6,974 Materials and supplies 900 Other current assets 5,367 Equipment and property, net 65,535 Goodwill 191,853 Customer contracts 112,700 Trademarks & tradenames 49,300 Non-compete agreements 500 Accounts payable (1,929 ) Accrued compensation and related liabilities (5,678 ) Unearned revenues (879 ) Contingent Consideration, short-term (6,777 ) Other current liabilities (5,452 ) Accrued insurance, less current portion (1,870 ) Other long-term accrued liabilities (9,352 ) Contingent Consideration, long-term (5,923 ) $ 395,269
The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition	The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 REVENUES Customer services $ 535,993 $ 515,454 $ 997,829 $ 957,373 COSTS AND EXPENSES 449,706 421,442 854,953 800,692 INCOME BEFORE INCOME TAXES 86,287 94,012 142,876 156,681 PROVISION FOR INCOME TAXES 22,489 25,683 34,458 37,032 NET INCOME $ 63,798 $ 68,329 $ 108,418 $ 119,649 NET INCOME PER SHARE - BASIC AND DILUTED $ 0.19 $ 0.21 $ 0.33 $ 0.37 DIVIDENDS PAID PER SHARE $ 0.11 $ 0.09 $ 0.21 $ 0.19 Weighted average participating shares outstanding - basic and diluted 327,506 327,282 327,506 327,263
The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period	The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period June 30, 2019 Accounts receivable, net $ 7,496 Materials & supplies 1,213 Equipment and property 67,048 Goodwill 194,562 Customer contracts and other intangible assets 173,450 Current liabilities (13,470 ) Other assets and liabilities, net (7,532 ) Total cash purchase price $ 422,767 Less: Contingent consideration liability (12,700 ) Total cash purchase price $ 410,067

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk	As of June 30, 2019, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk Number of Notional Interest Rate Derivative Instruments Amount Interest Rate Floors 1 $ 100,000
The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income	The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income Derivatives in Subtopic Amount of Gain or (Loss) Amount of Gain or (Loss) 815-20 Hedging Recognized in Reclassified from Accumulated OCI Relationships OCI on Derivative into Income Three Months Ended June 30, Six Months Ended June 30, Derivatives in Cash Flow Hedging Relationships 2019 2018 2019 2018 Interest Rate Products $ 257 $ — $ 257 $ — Total $ 257 $ — $ 257 $ —
fair value of the Company's derivative financial instruments	The table below presents the fair value of the Company's derivative financial instruments Tabular Disclosure of Fair Values of Derivative Instruments Derivatives Asset Derivative Liabilities Fair Value as of: Derivatives Not Designated as Hedging Instruments June 30, December 31, June 30, December 31, FX Forward Contracts Balance Sheet Location Other Other Other Other Sell AUD/Buy USD Fwd Contract $ — $ 18 $ — $ (1 ) Sell CAD/Buy USD Fwd Contract 8 121 (91 ) (4 ) Total $ 8 $ 139 $ (91 ) $ (5 )
Effect of Derivative Instruments on the Income Statement	Effect of Derivative Instruments on the Income Statement as Hedging Instruments for the Three and Six Months Ended June 30, 2019 and 2018 Amount of Gain or (Loss) Amount of Gain or (Loss) Derivatives Designated Location of Gain or (Loss) Recognized in Income Recognized in Income as Hedging Instruments Recognized in Income Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Swap Other inc/(exp) $ 1 $ — $ 1 $ — Total $ 1 $ — $ 1 $ — Amount of Gain or (Loss) Amount of Gain or (Loss) Derivatives Not Designated Location of Gain or (Loss) Recognized in Income Recognized in Income as Hedging Instruments Recognized in Income Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Sell AUD/Buy USD Fwd Contract Other inc/(exp) $ 4 $ 27 $ — $ 38 Sell CAD/Buy USD Fwd Contract Other inc/(exp) (71 ) 123 (157 ) 259 Total $ (67 ) $ 150 $ (157 ) $ 297
total fair value classification within the fair value hierarchy for the complete portfolio of derivative transactions	The table below presents the total fair value classification within the fair value hierarchy for the complete portfolio of derivative transactions Recurring Fair Value Measurements Quoted Prices in Active Markets for Identical Significant Other Significant Unobservable Assets and Liabilities Observable Inputs Inputs at June 30, at June 30, at June 30, Total Fair Value (Level 1) (Level 2) (Level 3) at June 30, 2019 2018 2019 2018 2019 2018 2019 2018 Assets Derivative Financial Instruments $ — $ — $ 8 $ 122 $ — $ — $ 8 $ 122 Liabilities Derivative Financial Instruments $ — $ — $ (91 ) $ (10 ) $ — $ — $ (91 ) $ (10 )

BASIS OF PREPARATION AND OTHE_2

BASIS OF PREPARATION AND OTHER (Details Narrative)	6 Months Ended
	Jun. 30, 2019Number
Accounting Policies [Abstract]
Number of Reportable Segment	1

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Details Narrative) $ in Thousands	Jun. 30, 2019USD ($)
Accounting Changes and Error Corrections [Abstract]
Operating Lease Right-Of-Use Assets	$ 195,700
Operating Lease Right-Of-Use Liabilities	$ 195,500

Revenue, classified by the majo

Revenue, classified by the major geographic areas in which our customers are located (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 523,957	$ 480,461	$ 953,026	$ 889,203
Residential Contract Revenue [Member]
Revenue	224,682	202,183	397,190	366,558
Commercial Contract Revenue [Member]
Revenue	191,456	177,726	361,127	339,932
Termite Completions Bait Monitoring Renewals [Member]
Revenue	102,352	93,761	182,601	170,368
Franchise Revenues [Member]
Revenue	3,442	4,836	6,703	7,244
Other Revenues [Member]
Revenue	2,025	1,955	5,405	5,101
UNITED STATES
Revenue	485,170	443,782	879,170	819,741
Non-US [Member]
Revenue	$ 38,787	$ 36,679	$ 73,856	$ 69,462

Basic and diluted earnings per

Basic and diluted earnings per share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earning Per Share	$ 0.20	$ 0.20	$ 0.33	$ 0.35
Common Stock [Member]
Earning Per Share	0.20	0.20	0.33	0.35
Restricted Stock [Member]
Earning Per Share	$ 0.18	$ 0.20	$ 0.30	$ 0.37

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Fair Value, Recurring [Member] - Liability [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition earnouts	$ 26,918		$ 21,489
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition earnouts
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition earnouts
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition earnouts	$ 26,918	$ 14,339	$ 21,489	$ 17,959

product type, the information f

product type, the information for assets and liabilities (Details) - Fair Value, Recurring [Member] - Liability [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ending balance	$ 26,918	$ 21,489
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	14,339	17,959
New acquisition earnouts	12,700	3,025
Adjustments and Accrued Interest	1,355	701
Earnout payments	(1,476)	(196)
Ending balance	$ 26,918	$ 21,489

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details Narrative)	6 Months Ended
	Jun. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Debt Instrument, Restrictive Covenants	In order to comply with applicable debt covenants, the Company will maintain at all times a Leverage Ratio of not greater than 3.00:1.00. The Leverage ratio is calculated as of the last day of the fiscal quarter most recently ended.
Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 175,000,000
Outstanding borrowings	101,000,000
Revolving Credit Facility [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	75,000,000
Revolving Credit Facility [Member] | Swingline Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	25,000
Sun Trust Bank And Bank Of America [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	250,000,000
Term Loan [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings	$ 246,900

Changes in unearned revenue (De

Changes in unearned revenue (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Unearned Revenue
Balance at beginning of year	$ 127,075	$ 117,614	$ 117,614
Deferral of unearned revenue	100,188	95,948	166,053
Recognition of unearned revenue	(80,496)	(78,290)	(156,592)
Balance at end of period	$ 146,767	$ 135,272	$ 127,075

UNEARNED REVENUE (Details Narra

UNEARNED REVENUE (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Unearned Revenue
[custom:DeferredRevenueRevenueRecognized]	$ 39,500	$ 80,500	$ 78,300
Long-term unearned revenue		$ 13,100		$ 10,200

Lease Classification (Details)

Lease Classification (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Lease Classification
Short-term lease cost	$ 71
Operating lease cost	19,115
Total lease expense	$ 19,186
Weighted-average remaining lease term - operating leases	4 years 29 days
Weighted-average discount rate - operating leases	3.94%
Operating cash flows for operating leases	$ 18,865

Future minimum lease payments (

Future minimum lease payments (Details) $ in Thousands	Jun. 30, 2019USD ($)
Future Commitments Under Operating Leases
2019 (excluding the six months ended June 30, 2019)	$ 35,805
2020	61,245
2021	45,685
2022	27,575
2023	14,278
2024	9,031
Thereafter	14,965
Total future minimum lease payments	208,584
Less: Amount representing interest	17,016
Total future minimum lease payments, net of interest	$ 191,568

Future commitments under operat

Future commitments under operating leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
Future Commitments Under Operating Leases
2019	$ 28,751
2020	18,024
2021	14,463
2022	11,142
2023	8,998
Thereafter	16,234
Total future minimum lease payments, net of interest	$ 97,612

LEASES (Details Narrative)

LEASES (Details Narrative) $ in Thousands	Jun. 30, 2019USD ($)
Property, Plant and Equipment [Line Items]
Total future minimum lease payments	$ 208,584
Building [Member]
Property, Plant and Equipment [Line Items]
Total future minimum lease payments	99,900
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total future minimum lease payments	$ 108,700

components of the Company's sto

components of the Company's stock-based compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Time lapse restricted stock:
Pre-tax compensation expense	$ 3,697	$ 3,277	$ 7,586	$ 6,370
Tax benefit	(963)	(717)	(1,784)	(1,503)
Restricted stock expense, net of tax	$ 2,734	$ 2,560	$ 5,802	$ 4,867

unvested restricted stock (Deta

unvested restricted stock (Details) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested Restricted Stock at December 31, 2018 | shares	2,724,000
Unvested Restricted Stock at December 31, 2018 ($ per Shares) | $ / shares	$ 21.08
Forfeited | shares	(48,000)
Forfeited ($ per Shares) | $ / shares	$ 22.45
Vested | shares	(782,000)
Vested ($ per Shares) | $ / shares	$ 15.63
Granted | shares	485,000
Granted ($ per Shares) | $ / shares	$ 38.40
Unvested Restricted Stock at March 31, 2019 | shares	2,379,000
Unvested Restricted Stock at March 31, 2019 ($ per Shares) | $ / shares	$ 25.93

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend per share (in dollars per share)	$ 0.11	$ 0.09	$ 0.21	$ 0.19
Shares repurchased	$ 700	$ 100	$ 9,800	$ 9,300
Common Stock, Capital Shares Reserved for Future Issuance	5,500		5,500
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 49,200		$ 49,200		$ 39,200
Unrecognized compensation cost, period for recognition			4 years 6 months		4 years 3 months 18 days

Components of Net Pension Benef

Components of Net Pension Benefit Loss/(Gain) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Retirement Benefits [Abstract]
Interest and service cost	$ 1,762	$ 1,995	$ 3,524	$ 3,990
Expected return on plan assets	(2,640)	(3,443)	(5,280)	(6,886)
Amortization of net loss	878	826	1,756	1,652
Net periodic loss/(benefit)		$ (622)		$ (1,244)

The preliminary fair values of

The preliminary fair values of Clark Pest Control's assets and liabilities, at the date of acquisition (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Apr. 30, 2019	Dec. 31, 2018
Assets and liabilities:
Goodwill	$ 563,075		$ 368,481
Clark Pest Control [Member]
Assets and liabilities:
Trade accounts receivables		$ 6,974
Materials and supplies		900
Other current assets		5,367
Equipment and property, net		65,535
Goodwill		191,853
Customer contracts		112,700
Trademarks & tradenames		49,300
Non-compete agreements		500
Accounts payable		(1,929)
Accrued compensation and related liabilities		(5,678)
Unearned revenues		(879)
Contingent Consideration, short-term		(6,777)
Other current liabilities		(5,452)
Accrued insurance, less current portion		(1,870)
Other long-term accrued liabilities		(9,352)
Contingent Consideration, long-term		(5,923)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		$ 395,269

The unaudited pro forma financi

The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition (Details) - Clark Pest Control [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUES
Customer services	$ 535,993	$ 515,454	$ 997,829	$ 957,373
COSTS AND EXPENSES	449,706	421,442	854,953	800,692
INCOME BEFORE INCOME TAXES	86,287	94,012	142,876	156,681
PROVISION FOR INCOME TAXES	22,489	25,683	34,458	37,032
NET INCOME	$ 63,798	$ 68,329	$ 108,418	$ 119,649
NET INCOME PER SHARE - BASIC AND DILUTED	$ 0.19	$ 0.21	$ 0.33	$ 0.37
DIVIDENDS PAID PER SHARE	$ 0.11	$ 0.09	$ 0.21	$ 0.19
Weighted average participating shares outstanding - basic and diluted	327,506,000	327,282,000	327,506,000	327,263,000

The preliminary values of major

The preliminary values of major classes of assets acquired and liabilities assumed recorded at the date of acquisition, as adjusted during the valuation period (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Materials & supplies	$ 17,579,000	$ 15,788,000
Goodwill	563,075,000	$ 368,481,000
Finite-lived Intangible Assets Acquired	397,523,000
Customer Contracts [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	$ 283,309,000
Customer Contracts [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	3 years
Customer Contracts [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	12 years
Trademarks and Trade Names [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	$ 102,986,000
Trademarks and Trade Names [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	20 years
Noncompete Agreements [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	$ 4,881,000
Noncompete Agreements [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	3 years
Noncompete Agreements [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	20 years
Patents [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,743,000
Patents [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	3 years
Patents [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	15 years
Other Intangible Assets [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	$ 2,377,000
Finite lived intangible assets useful life	10 years
Internet Domain Names [Member]
Restructuring Cost and Reserve [Line Items]
Finite-lived Intangible Assets Acquired	$ 2,227,000
Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Accounts receivable, net	7,496,000
Materials & supplies	1,213,000
Equipment and property	67,048,000
Goodwill	194,562,000
Customer contracts and other intangible assets	173,450,000
Current liabilities	(13,470,000)
Other assets and liabilities, net	(7,532)
Total cash purchase price	422,767,000
Less: Contingent consideration liability	(12,700,000)
Total cash purchase price	$ 410,067

BUSINESS COMBINATIONS (Details

BUSINESS COMBINATIONS (Details Narrative) $ in Thousands	Apr. 30, 2019Number	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Number	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)Number
Restructuring Cost and Reserve [Line Items]
Number of acquisitions | Number				14		38
Business Acquisition, Name of Acquired Entity	Clark Pest Control of Stockton, Inc.
Business Acquisition, Description of Acquired Entity	Clark Pest Control is a leading pest management company in California and the nation's 8th largest pest management company according to PCT 100 rankings.
Revenues		$ 523,957	$ 480,461	$ 953,026	$ 889,203
Carrying amount of finite lived intangible assets in foreign countries		55,200		55,200		$ 54,900
Customer Contracts [Member]
Restructuring Cost and Reserve [Line Items]
Carrying amount of finite lived intangible assets in foreign countries		35,100		35,100		37,100
Carrying amount of finite lived intangible assets		283,300		$ 283,300		178,100
Customer Contracts [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life				3 years
Customer Contracts [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life				12 years
Trademarks and Trade Names [Member]
Restructuring Cost and Reserve [Line Items]
Carrying amount of finite lived intangible assets in foreign countries		3,500		$ 3,500		3,700
Carrying amount of finite lived intangible assets		103,000		$ 103,000		54,100
Trademarks and Trade Names [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life				20 years
Other Intangible Assets [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life				10 years
Carrying amount of finite lived intangible assets in foreign countries		1,400		$ 1,400		1,600
Carrying amount of finite lived intangible assets		$ 11,200		$ 11,200		11,000
Clark Pest Control [Member]
Restructuring Cost and Reserve [Line Items]
No. of Customers | Number	145,000
Number of Service Location | Number	26
Number Of States | Number	2
Revenues						$ 139,200
Clark Pest Control [Member] | Customer Contracts [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	5 years
Clark Pest Control [Member] | Customer Contracts [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Finite lived intangible assets useful life	10 years

outstanding interest rate deriv

outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (Details) - Cash Flow Hedging [Member] - Interest Rate Floor [Member] $ in Thousands	Jun. 30, 2019USD ($)Number
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | Number	1
Notional Amount | $	$ 100,000

The Effect of Fair Value and Ca

The Effect of Fair Value and Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)Number	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Number	Jun. 30, 2018USD ($)
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | Number	4		4
Buy Notional	$ 1,940		$ 1,940
Sell A U D Buy U S D Fwd Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | Number	1		1
Sell Notional	$ 100		$ 100
Buy Notional	$ 71		$ 71
Sell C A D Buy U S D Fwd Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | Number	3		3
Sell Notional	$ 2,500		$ 2,500
Buy Notional	1,869		1,869
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	257
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income			257
Cash Flow Hedging [Member] | Interest Rate Floor [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivative	$ 257
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income			$ 257
Number of Instruments | Number	1		1

fair value of the Company's der

fair value of the Company's derivative financial instruments (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Other Current Liabilities	$ (60,688,000)	$ (50,406,000)
Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Assets	8	139,000
Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Current Liabilities	(91,000)	(5,000)
Not Designated as Hedging Instrument [Member] | Sell A U D Buy U S D Fwd Contract [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Assets		18,000
Not Designated as Hedging Instrument [Member] | Sell A U D Buy U S D Fwd Contract [Member] | Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Current Liabilities		(1,000)
Not Designated as Hedging Instrument [Member] | Sell C A D Buy U S D Fwd Contract [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Assets	8,000	121,000
Not Designated as Hedging Instrument [Member] | Sell C A D Buy U S D Fwd Contract [Member] | Other Current Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Current Liabilities	$ (91,000)	$ (4,000)

Effect of Derivative Instrument

Effect of Derivative Instruments on the Income Statement (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income	$ 1,000		$ 1,000
Designated as Hedging Instrument [Member] | Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain or (Loss) Recognized in Income			Other inc/(exp)
Amount of Gain or (Loss) Recognized in Income	1,000		$ 1,000
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in Income	(67,000)	150,000	$ (157,000)	297,000
Not Designated as Hedging Instrument [Member] | Sell A U D Buy U S D Fwd Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
[custom:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLineItemOnIncomeStatementForGainLoss1]			Other inc/(exp)
Amount of Gain or (Loss) Recognized in Income	4,000	27,000		38
Not Designated as Hedging Instrument [Member] | Sell C A D Buy U S D Fwd Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
[custom:DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLineItemOnIncomeStatementForGainLoss1]			Other inc/(exp)
Amount of Gain or (Loss) Recognized in Income	$ (71,000)	$ 123,000	$ (157,000)	$ 259,000

total fair value classification

total fair value classification within the fair value hierarchy for the complete portfolio of derivative transactions (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments	$ 8	$ 122
Derivative Financial Instruments	(91)	(10)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments
Derivative Financial Instruments
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments	8	122
Derivative Financial Instruments	(91)	(10)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Financial Instruments
Derivative Financial Instruments

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Estimated Reclassified Increase to Interest Expense			$ 400
Derivative [Member]
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items]
Changes in the fair value of derivatives not designated in hedging relationships	$ 100	$ (200)	$ 200	$ (300)

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Jul. 23, 2019$ / shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared quarterly (in dollars per share)	$ 0.105