Rollins (ROL) 10-K 28 Feb 20 2019 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	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, $1 Par Value
Trading Symbol	ROL
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
Entity Shell Company	false
Entity Public Float			$ 5,063,827,695
Entity Common Stock, Shares Outstanding		327,779,714

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 94,276	$ 115,485
Trade receivables, net of allowance for doubtful accounts of $16,699 and $13,285, respectively	122,766	104,016
Financed receivables, short-term, net of allowance for doubtful accounts of $1,675 and $1,845, respectively	22,267	18,454
Materials and supplies	19,476	15,788
Other current assets	51,002	32,278
Total current assets	309,787	286,021
Equipment and property, net	195,533	136,885
Goodwill	572,847	368,481
Customer contracts, net	273,720	178,075
Trademarks and tradenames, net	102,539	54,140
Other intangible assets, net	10,525	11,043
Operating lease, right-of-use assets, net	200,727
Financed receivables, long-term, net of allowance for doubtful accounts of $1,284 and $1,536 respectively	30,792	28,227
Benefit plan assets	21,565
Prepaid pension		5,274
Deferred income taxes	2,180	6,915
Other assets	24,161	19,063
Total assets	1,744,376	1,094,124
LIABILITIES
Accounts payable	35,234	27,168
Accrued insurance	30,441	27,709
Accrued compensation and related liabilities	81,943	77,741
Unearned revenues	122,825	116,005
Operating lease liabilities-current	66,117
Current portion of long-term debt	12,500
Other current liabilities	60,975	50,406
Total current liabilities	410,035	299,029
Accrued insurance, less current portion	34,920	33,867
Operating lease liabilities, less current portion	135,651
Long-term debt	279,000
Deferred income tax liability	9,927
Long-term accrued liabilities	59,093	49,320
Total liabilities	928,626	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 shares authorized, 327,430,846 and 327,308,079 shares issued and outstanding, respectively	327,431	327,308
Paid in capital	89,413	85,386
Accumulated other comprehensive loss	(21,109)	(71,078)
Retained earnings	420,015	370,292
Total stockholders' equity	815,750	711,908
Total liabilities and stockholders' equity	$ 1,744,376	$ 1,094,124

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts	$ 16,699	$ 13,285
Financing receivables, short-term, allowance for doubtful accounts	1,675	1,845
Financing receivables, long-term, allowance for doubtful accounts	$ 1,284	$ 1,536
Preferred Stock, Shares Authorized	500,000	500,000
Preferred stock, issued (in shares)	0	0
Common Stock, Par Value	$ 1	$ 1
Common Stock, Shares Authorized	550,000,000	550,000,000
Common Stock, Shares Issued	327,430,846	327,308,079
Common Stock, Shares Outstanding	327,430,846	327,308,079

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
REVENUES
Customer services	$ 2,015,477	$ 1,821,565	$ 1,673,957
COSTS AND EXPENSES
Cost of services provided	993,593	894,437	819,943
Depreciation and amortization	81,111	66,792	56,580
Pension settlement loss	49,898
Sales, general and administrative	623,379	550,698	503,433
Gain on sales of assets, net	(581)	(875)	(242)
Interest expense/(income)	6,917	(220)	(259)
TOTAL COSTS AND EXPENSES	1,754,317	1,510,832	1,379,455
INCOME BEFORE INCOME TAXES	261,160	310,733	294,502
PROVISION FOR INCOME TAXES
Current	65,041	71,442	96,742
Deferred	(7,228)	7,628	18,636
TOTAL PROVISION FOR INCOME TAXES	57,813	79,070	115,378
NET INCOME	$ 203,347	$ 231,663	$ 179,124
INCOME PER SHARE - BASIC	$ 0.62	$ 0.71	$ 0.55
INCOME PER SHARE - DILUTED	$ 0.62	$ 0.71	$ 0.55
Weighted average shares outstanding - basic	327,477,000	327,291,000	326,982,000
Weighted average shares outstanding - diluted	327,477,000	327,291,000	326,982,000
DIVIDENDS PAID PER SHARE	$ 0.47	$ 0.47	$ 0.37

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
NET INCOME	$ 203,347	$ 231,663	$ 179,124
OTHER COMPREHENSIVE EARNINGS/(LOSS)
Pension and other postretirement benefit plans, net of tax	45,896	(11,050)	14,159
Foreign currency translation adjustments	4,350	(14,072)	9,960
Interest rate swap, net of tax	(277)
Other comprehensive earnings/(loss)	49,969	(25,122)	24,119
COMPREHENSIVE EARNINGS	$ 253,316	$ 206,541	$ 203,243

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning Balance, Shares at Dec. 31, 2016	326,688,000
Beginning Balance at Dec. 31, 2016	$ 326,688		$ 77,452	$ (70,075)	$ 234,480	$ 568,545
Net Income					179,124	179,124
Other comprehensive income
Pension liability adjustment, net of tax				14,159		14,159
Foreign currency translation adjustments				9,960		9,960
Cash dividends					(122,017)	(122,017)
Stock compensation	$ 651		11,965		(217)	12,399
Stock compensation, Shares	651,000
Employee stock buybacks	$ (351)		(8,012)		117	(8,246)
Employee stock buybacks, Shares	(351,000)
Ending Balance, Shares at Dec. 31, 2017	326,988,000
Ending Balance at Dec. 31, 2017	$ 326,988		81,405	(45,956)	291,487	653,924
Other comprehensive income
Interest rate swaps, net of tax
Net Income					231,663	231,663
Pension liability adjustment, net of tax				(11,050)		(11,050)
Foreign currency translation adjustments				(14,072)		(14,072)
Cash dividends					(152,742)	(152,742)
Stock compensation	$ 605		13,323		(202)	13,726
Stock compensation, Shares	605,000
Employee stock buybacks	$ (285)		(9,342)		86	(9,541)
Employee stock buybacks, Shares	(285,000)
Ending Balance, Shares at Dec. 31, 2018	327,308,000
Ending Balance at Dec. 31, 2018	$ 327,308		85,386	(71,078)	370,292	711,908
Other comprehensive income
Interest rate swaps, net of tax
Net Income					203,347	203,347
Pension liability adjustment, net of tax				(126)		(126)
Foreign currency translation adjustments				4,350		4,350
Cash dividends					(153,836)	(153,836)
Stock compensation	$ 387		13,772			14,159
Stock compensation, Shares	387,000
Employee stock buybacks	$ (264)		(9,745)			(10,009)
Employee stock buybacks, Shares	(264,000)
Ending Balance, Shares at Dec. 31, 2019	327,431,000
Ending Balance at Dec. 31, 2019	$ 327,431		$ 89,413	(21,109)	420,015	815,750
Other comprehensive income
Impact of adoption of ASC 842					$ 212	212
Pension settlement loss, net of tax				46,022		46,022
Interest rate swaps, net of tax				$ (277)		$ (277)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net Income	$ 203,347	$ 231,663	$ 179,124
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other non-cash charges	79,544	64,675	55,533
Pension settlement loss	49,898
Provision for deferred income taxes	(7,228)	7,628	18,636
Stock based compensation expense	14,159	13,726	12,399
Provision for bad debts	15,145	13,606	10,455
Changes in assets and liabilities:
Trade accounts receivables and other accounts receivables	(20,151)	(12,549)	(13,661)
Financing receivables	(9,080)	(10,784)	(6,527)
Materials and supplies	(2,151)	(374)	(837)
Other current assets	(14,009)	(7,121)	1,448
Other non-current assets	6,081	11,329	(5,137)
Accounts payable and accrued expenses	(9,925)	(23,820)	(25,691)
Unearned revenue	5,424	4,901	1,222
Accrued insurance	1,915	(686)	4,039
Pension funding	(144)
Long-term accrued liabilities	(3,637)	(5,922)	4,367
Net cash provided by operating activities	309,188	286,272	235,370
INVESTING ACTIVITIES
Cash used for acquisitions of companies, net of cash acquired	(430,558)	(76,769)	(130,189)
Capital expenditures	(27,146)	(27,179)	(24,680)
Cash from sale of franchises	617	343	519
Derivative Investments	104	297	(264)
Proceeds from sale of assets	1,758	1,840	370
Investment tax credits	118	93	69
Net cash used in investing activities	(455,107)	(101,375)	(154,175)
FINANCING ACTIVITIES
Borrowings under term loan	250,000
Borrowings under revolving commitment	190,000
Repayments of long term debt	(148,500)
Payment of dividends	(153,836)	(152,742)	(122,017)
Cash paid for common stock purchased	(10,009)	(9,541)	(8,246)
Net cash provided by/(used in) financing activities	127,655	(162,283)	(130,263)
Effect of exchange rate changes on cash	(2,945)	(14,179)	13,333
Net increase (decrease) in cash and cash equivalents	(21,209)	8,435	(35,735)
Cash and cash equivalents at beginning of year	115,485	107,050	142,785
Cash and cash equivalents at end of year	94,276	115,485	107,050
Supplemental disclosure of cash flow information
Cash paid for interest	6,452	25
Cash paid for income taxes, net	75,812	77,351	90,702
Non-cash additions to operating lease right-of-use assets	$ 75,782

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Description The Company is an international service company with headquarters located in Atlanta, Georgia, providing pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Australia, Europe, and Asia with international franchises in Mexico, Canada, Central and South America, the Caribbean, the Middle East, Asia, Europe, Africa, and Australia. Services are performed through a contract that specifies the pricing arrangement with the customer. Orkin, LLC. (“Orkin”), a wholly-owned subsidiary of the Company founded in 1901, is the world’s largest pest and termite control company. It provides customized services from over 400 locations. Orkin either serves customers directly or through franchise operations, in the United States, Canada, Mexico, Central and South America, the Caribbean, the Middle East, Asia, Europe, and Africa providing essential pest control services and protection against termite damage, rodents and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers and transportation companies. Orkin operates under the Orkin ® ® SM ® Orkin Canada, a wholly-owned subsidiary of Orkin founded in 1952, was acquired by Orkin in 1999. Orkin Canada is Canada’s largest pest control provider and a leader in the development of fast, effective and environmentally responsible pest control solutions. Western Pest Services (“Western”), a wholly-owned subsidiary of the Company founded in 1928, was acquired by Rollins, Inc. in 2004. Western is primarily a commercial pest control service company and its business complements most of the services Orkin offers, focusing on the northeastern United States. The Industrial Fumigant Company (“IFC”), a wholly-owned subsidiary of the Company founded in 1937, was acquired by Rollins, Inc. in 2005. IFC is a leading provider of pest management and sanitation services and products to the food and commodity industries. HomeTeam Pest Defense (“HomeTeam”), a wholly-owned subsidiary of the Company established in 1996, was acquired by Rollins, Inc. in April 2008. At the time of the acquisition, HomeTeam, with its unique Taexx ® Rollins Australia (“Rollins Australia”), a wholly-owned subsidiary of the Company, acquired Allpest WA (“Allpest”), in February 2014. Allpest was established in 1959 and is headquartered in Perth, Australia. Allpest provides traditional commercial, residential, and termite service as well as consulting services on border protection related to Australia’s biosecurity program and provides specialized services to Australia’s mining and oil and gas sectors. Critter Control, a wholly-owned subsidiary of the Company, was acquired by Rollins, Inc. on February 27, 2015. Critter Control was established in 1983 and is headquartered in Traverse City, Michigan. The business is primarily franchised, operating in 40 states and one Canadian province. Rollins UK was formed as a wholly-owned subsidiary of the Company to acquire Safeguard Pest Control (“Safeguard”) in June 2016. Safeguard is a pest control company established in the United Kingdom in 1991 with a history of providing superior pest control, bird control, and specialist services to residential and commercial customers. Northwest Pest Control, LLC, a wholly-owned subsidiary of the Company founded in 1951, was acquired by Rollins, Inc. in August 2017. Northwest specializes in residential and commercial termite control, pest control, mosquito control, wildlife services, lawn care, insulation, and HVAC services, focusing on the Southeast United States. On April 30, 2019, the Company acquired Clark Pest Control of Stockton, Inc. (“Clark Pest Control”) located in Lodi, CA. At the time of the acquisition, Clark Pest Control was a leading pest management company in California and the nation’s 8th largest pest management company according to PCT 100 rankings. Clark Pest Control services its customers from 26 service locations in 2 states. Clark Pest Control recorded revenues of approximately $139.2 million for the fiscal year ended December 31, 2018. The Company’s consolidated statements of income include the results of operations of Clark Pest Control for the period beginning April 30, 2019 through December 31, 2019. The Company has several smaller wholly-owned subsidiaries that in total make up less than 5% of the Company’s total revenues. The Company has only one reportable segment, its pest and termite control business. Revenue, operating profit and identifiable assets for this segment, includes the United States, Canada, Australia, Europe, Asia, Mexico, Central and South America, the Caribbean, the Middle East, and Africa. The Company’s results of operations and its financial condition are not reliant upon any single customer, few customers or foreign operations. Principles of Consolidation —The Company’s Consolidated Financial Statements include the accounts of Rollins, Inc. and the Company’s wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The Company does not consolidate the financial statements of any company in which it has an ownership interest of 50% or less. The Company is not the primary beneficiary of, nor does it have a controlling financial interest in, any variable interest entity. Accordingly, the Company has not consolidated any variable interest entity. The Company reclassified certain prior period amounts, none of which were material, to conform to the current period presentation. All material intercompany accounts and transactions have been eliminated. Subsequent Events Estimates Used in the Preparation of Consolidated Financial Statements Revenue Recognition Nature of Goods and Services and Performance Obligations The Company contracts with its customers to provide the following goods and services, each of which is a distinct performance obligation: Pest control services - The Company’s revenue recognition policies are designed to recognize revenues upon satisfaction of the performance obligation at the time services are performed. For certain revenue types, because of the timing of billing and the receipt of cash versus the timing of performing services, certain accounting estimates are utilized. Residential and commercial pest control services are primarily recurring in nature on a monthly, bi-monthly or quarterly basis, while certain types of commercial customers may receive multiple treatments within a given month. In general, pest control customers sign an initial one-year contract, and revenues are recognized at the time services are performed. The Company defers recognition of advance payments and recognizes the revenue as the services are rendered. The Company classifies discounts related to the advance payments as a reduction in revenues. Termite control services (including traditional and baiting) - Maintenance/monitoring/inspection - Termite baiting revenues are recognized based on the transfer of control of the individual units of accounting. At the inception of a new baiting services contract, upon quality control review of the installation, the Company recognizes revenue for the installation of the monitoring stations, initial directed liquid termiticide treatment and servicing of the monitoring stations. A portion of the contract amount is deferred for the undelivered monitoring performance obligation. This portion is recognized as income on a straight-line basis over the remaining contract term, which results in recognition of revenue that depicts the Company’s performance in transferring control of the service. The allocation of the transaction price to the two deliverables is based on the relative stand-alone selling price. There are no contingencies related to the delivery of additional items or meeting other specified performance conditions. Baiting renewal revenue is deferred and recognized over the annual contract period on a straight-line basis that depicts the Company’s performance in transferring control of the service. Revenue received for conventional termite renewals is deferred and recognized on a straight-line basis over the remaining contract term that depicts the Company’s performance in transferring control of the service; and, the cost of reinspections, reapplications and repairs and associated labor and chemicals are expensed as incurred. For outstanding claims, an estimate is made of the costs to be incurred (including legal costs) based upon current factors and historical information. The performance of reinspections tends to be close to the contract renewal date and while reapplications and repairs involve an insubstantial number of the contracts, these costs are incurred over the contract term. As the revenue is being deferred, the future cost of reinspections, reapplications and repairs and associated labor and chemicals applicable to the deferred revenue are expensed as incurred. The Company accrues for noticed claims. The costs of providing termite services upon renewal are compared to the expected revenue to be received and a provision is made for any expected losses. Miscellaneous services (e.g., cleaning, etc.) - Products - Equipment rental (or lease) - Right to access intellectual property (Franchise) - All Orkin domestic franchises have a guaranteed repurchase clause that the Orkin franchise may be repurchased by Orkin at a later date once it has been established. The Company amortizes the initial franchise fee over the initial franchise term. Deferred Orkin franchise fees were $ 1.7 1.6 Royalties from Orkin franchises are accrued and recognized as revenues are earned on a monthly basis. Revenue from Orkin franchises was $ 8.7 8.8 5.4 Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record unearned revenue when revenue is recognized subsequent to billing. Unearned revenue mainly relates to the Company’s termite baiting offering, conventional renewals, and year-in-advance pest control services for which we have been paid in advance and earn the revenue when we transfer control of the product or service. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. Refer to Note 3 - Revenue for further information, including changes in unearned revenue for the year. The Company extends terms to certain customers on higher dollar termite and ancillary work, as well as to certain franchisees for initial funding on the sale of franchises. These financed receivables are segregated from our trade receivables. The amounts that are due within one year from the balance sheet dates are classified as short-term financed receivables, and are shown, net of allowance for doubtful accounts, at $22.3 million as of December 31, 2019 and $18.5 million at December 31, 2018. The balances of long-term financed receivables, net of allowance for doubtful accounts, were $30.8 million as of December 31, 2019 and $28.2 million at December 31, 2018 and are included in long-term assets on our consolidated statements of financial position. See Note 6 – Financing Receivables for further information. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts can be found on Schedule II-Valuation and Qualifying Accounts. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Practical Expedients and Exemptions We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within sales and marketing expenses. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. All revenues are reported net of sales taxes. The Company’s foreign operations accounted for approximately 8% of revenues for each of the years ended December 31, 2019 and 2018. Allowance for Doubtful Accounts Advertising Years ended December 31, 2019 2018 2017 (in thousands) Advertising $ 81,174 $ 69,875 $ 66,115 Cash and Cash Equivalents The Company’s $94.3 million of total cash at December 31, 2019, is primarily cash held at various banking institutions. Approximately $74.1 million is held in cash accounts at international bank institutions and the remaining $20.2 million is primarily held in Federal Deposit Insurance Corporation (“FDIC”) insured non-interest-bearing accounts at various domestic banks which at times may exceed federally insured amounts. The Company’s international business is expanding, and we intend to continue to grow the business in foreign markets in the future through reinvestment of foreign deposits and future earnings as well as acquisitions of unrelated companies. Repatriation of cash from the Company’s foreign subsidiaries is not a part of the Company’s current business plan. Rollins maintains adequate liquidity and capital resources, without regard to its foreign deposits, that are directed to finance domestic operations and obligations and to fund expansion of its domestic business for the foreseeable future. At December 31, 2019 2018 (in thousands) (in US dollars) Cash held in foreign bank accounts $ 74,094 $ 53,613 Marketable Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designations as of each balance sheet date. Debt securities are classified as available-for-sale because the Company does not have the intent to hold the securities to maturity. Available-for-sale securities are stated at their fair values, with the unrealized gains and losses reported as in earnings. The Company had no marketable securities other than those held in the defined benefit pension plan and the non-qualified deferred compensation plan at December 31, 2019 and 2018. See Note 16 for further details. Materials and Supplies Income Taxes Equipment and Property Years ended December 31, 2019 2018 2017 (in thousands) Depreciation $ 36,646 $ 30,364 $ 27,381 Goodwill and Other Intangible Assets “Intangibles - Goodwill and other” Impairment of Long-Lived Assets “Property, Plant and Equipment” Accrued Insurance Accrual for Termite Contracts Contingency Accruals “Contingencies,” Three-for-two stock split Earnings Per Share “Earnings Per Share-Overall,” The Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and therefore are considered participating securities. See Note 17 for further information on restricted stock granted to employees. The basic and diluted calculations are the same as there were no stock options included in diluted earnings per share as we have no stock options outstanding. Basic and diluted earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the respective periods. A reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock Years Ended December 31, 2019 2018 2017 Net income available to stockholders $ 203,347 $ 231,663 $ 179,124 Less: Dividends paid Common Stock (152,793 ) (151,458 ) (120,930 ) Restricted shares of common stock (1,042 ) (1,284 ) (1,087 ) Undistributed earnings for the period $ 49,512 $ 78,921 $ 57,107 Allocation of undistributed earnings: Common stock 49,144 78,255 56,567 Restricted shares of common stock 368 666 540 Basic and diluted shares outstanding: Common stock 325,046 324,529 323,891 Restricted shares of common stock 2,431 2,762 3,091 Basic and diluted shares outstanding (in shares) 327,477 327,291 326,982 Basic and diluted earnings per share: Common stock: Distributed earnings $ 0.47 $ 0.47 $ 0.37 Undistributed earnings 0.15 0.24 $ 0.18 $ 0.62 $ 0.71 $ 0.55 Restricted shares of common stock Distributed earnings $ 0.43 $ 0.47 $ 0.35 Undistributed earnings 0.15 0.24 0.18 $ 0.58 $ 0.71 $ 0.53 Translation of Foreign Currencies Stock-Based Compensation Compensation – Stock Compensation TLRSs provide for the issuance of a share of the Company’s Common Stock at no cost to the holder and generally vest after a certain stipulated number of years from the grant date, depending on the terms of the issue. Outstanding TLRSs vest in 20 percent increments starting with the second anniversary of the grant, over six years from the date of grant. During these years, grantees receive all dividends declared and retain voting rights for the granted shares. The agreements under which the restricted stock is issued provide that shares awarded may not be sold or otherwise transferred until restrictions established under the plans have lapsed. The fair value of these awards is recognized as compensation expense, net of forfeitures, on a straight-line basis over six years. Comprehensive Income (Loss) Franchising Program 50 47 47 five 6.7 6.5 5.0 4.9 2.5 As of December 31, 2019, 2018 and 2017, Orkin had 97 86 81 Royalties from Orkin franchises (domestic and international) are accrued and recognized as revenues and are earned on a monthly basis. Revenue from Orkin franchises was $8.7 million for the year ended December 31, 2019 and $8.8 million and $5.4 million for the years ended December 31, 2018 and 2017, respectively. Rollins’ wholly-owned subsidiary, Critter Control, had 84 80 89 0.9 0.6 Combined domestic and international revenues from Orkin, Critter Control and Australia franchises were $ 17.1 14.7 9.7 Right to access intellectual property (Franchise) Recent Accounting Guidance 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. The new standard also provides practical expedients for an entity’s ongoing accounting. We elected the short-term lease recognition exemption. Accordingly, the Company does not recognize right of use assets or lease liabilities, for existing short-term leases of those assets in transition. Upon adoption, the Company recognized operating lease right-of-use assets and liabilities of $195.7 million and $195.5 million, and a $0.2 million adjustment to beginning retained earnings. 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 (Topic 326): Measurement of Credit Losses on Financial Instruments.” The updated accounting guidance requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets, including trade receivables. Based on our current receivables and forecasts of future macroeconomic conditions, we estimate that the allowance for credit losses reported in our consolidated balance sheet will decrease by an immaterial amount at adoption. We will record the cumulative effect of initially applying the new standard as an adjustment to the opening balance of retained earnings. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 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. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The updated accounting guidance modifies the disclosure requirements on fair value measurements by removing certain disclosure requirements related to the fair value hierarchy, modifying existing disclosure requirements related to measurement uncertainty and adding new disclosure requirements. The standard in this update is effective for the Company’s financial statements issued for fiscal years beginning in 2020. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
ACQUISITIONS	2. ACQUISITIONS The Company has made 30 and 38 acquisitions during the years ended December 31, 2019, and 2018, respectively, some of which have been disclosed on various press releases and related Current Reports on Form 8-K. Acquisition of Clark Pest Control: The Company completed the acquisition of Clark Pest Control on April 30, 2019. Clark Pest Control is a leading pest management company in California and was the nation’s 8th largest pest management company according to PCT 100 rankings at the time of the acquisition, making it the largest Rollins acquisition since the Company acquired HomeTeam Pest Defense in 2008. Clark Pest Control services its customers from 26 service locations in 2 states. Clark Pest Control recorded revenues of approximately $139.2 million for the fiscal year ended December 31, 2018. The Company’s consolidated statements of income include the results of operations of Clark Pest Control for the period beginning April 30, 2019 through December 31, 2019. The Company engaged an independent valuation firm to determine the allocation of the purchase price to goodwill and identifiable intangible assets. The 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 finite-lived intangible assets, principally customer contracts, are being amortized over periods principally ranging from 5 to 10 years on a straight-lined basis. The fair values of Clark Pest Control's assets and liabilities, at the date of acquisition (in thousands) at April 30, 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 ) Other long term liabilities (9,352 ) Accrued insurance, less current portion (1,870 ) Contingent Consideration, long-term (5,923 ) Total $ 395,269 The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition as if it had occurred as of the beginning of our fiscal year 2018 12 Months Ended December 31, (in thousands, except per share amounts) 2019 2018 Revenues: Customer Services $ 2,060,280 $ 1,960,741 Costs And Expenses 1,798,984 1,640,120 Income Before Income Taxes 261,296 320,621 Provision For Income Taxes 57,813 79,070 Net Income $ 203,483 $ 241,551 Net Income Per Share - Basic And Diluted $ 0.62 $ 0.74 Dividends Paid Per Share $ 0.47 $ 0.47 Weighted average participating shares outstanding - basic and diluted 327,477 327,291 Total cash purchase price for the Company’s acquisitions in 2019 and 2018 were $430.6 million and $76.8 million, respectively. The fair values of major classes of assets acquired and liabilities assumed along with the contingent consideration liability recorded during the valuation period of acquisition is included in the reconciliation of the total consideration December 31, 2019 2018 Accounts receivable $ 7,728 $ 3,558 Materials and supplies 1,378 556 Equipment and property 68,704 7,374 Goodwill 204,162 25,605 Customer contracts 136,344 62,228 Other intangible assets 50,650 6,936 Current liabilities (18,195 ) (21,536 ) Other assets and liabilities, net (7,513 ) (3,089 ) Total consideration paid 443,258 81,632 Less: Contingent consideration liability (12,700 ) (4,863 ) Total cash purchase price $ 430,558 $ 76,769

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	3. REVENUE Adoption of ASC 606, “Revenue from Contracts with Customers”. 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. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under ASC 605. There was no material impact on the Company’s financial statements as a result of adopting ASC 606 for the twelve months ended December 31, 2018. The following tables present our revenues disaggregated by revenue source (in thousands, unaudited). 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 Years ended December 31, 2019 2018 2017 (in thousands) United States $ 1,862,698 $ 1,677,116 $ 1,541,336 Other Countries 152,779 144,449 132,621 Total Revenues $ 2,015,477 $ 1,821,565 $ 1,673,957 Revenue from external customers, classified by significant product and service offerings, was as follows: Years ended December 31, 2019 2018 2017 (in thousands) Residential revenue $ 861,636 $ 773,932 $ 705,787 Commercial revenue 770,342 707,386 666,523 Termite completions, bait monitoring and renewals 371,258 332,573 294,982 Other revenues 12,241 7,674 6,665 Total Revenues $ 2,015,477 $ 1,821,565 $ 1,673,957 Deferred revenue recognized for the year ended December 31, 2019 and 2018 was $ 165.0 156.6 Changes in unearned revenue At December 31, 2019 2018 (in thousands) Balance at beginning of year $ 127,075 $ 117,614 Deferral of unearned revenue 174,404 166,053 Recognition of unearned revenue (164,972 ) (156,592 ) Balance at end of year $ 136,507 $ 127,075 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 billed and recognized in future periods. The Company has no material contracted not recognized revenue as of December 31, 2019 or December 31, 2018. At December 31, 2019 and December 31, 2018, the Company had long-term unearned revenue of $ 13.7 11.1

DEBT

DEBT	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
DEBT	4. DEBT 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 25.0 250.0 101.5 190.0 291.5 The aggregate annual maturities of long-term debt (in thousands) Revolving Term Loan Total 2020 $ — $ 12,500 $ 12,500 2021 — 17,188 17,188 2022 — 18,750 18,750 2023 — 23,437 23,437 2024 101,500 118,125 219,625 Total $ 101,500 $ 190,000 $ 291,500 The Company maintains approximately $ 32.9 In order to comply with applicable debt covenants, the Company is required to 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.

TRADE RECEIVABLES

TRADE RECEIVABLES	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
TRADE RECEIVABLES	5. TRADE RECEIVABLES The allowance for doubtful accounts is principally calculated based on the application of estimated loss percentages to delinquency aging totals, based on contractual terms, for the various categories of receivables. Bad debt write-offs occur according to Company policies that are specific to pest control, commercial and termite accounts. At December 31, 2019 2018 (in thousands) Gross trade receivables $ 139,465 $ 117,301 Allowance for doubtful accounts (16,699 ) (13,285 ) Net trade receivables $ 122,766 $ 104,016 At any given time, the Company may have immaterial amounts due from related parties, which are invoiced and settled on a regular basis.

FINANCING RECEIVABLES

FINANCING RECEIVABLES	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
FINANCING RECEIVABLES	6. FINANCING RECEIVABLES Rollins manages its financing receivables on an aggregate basis when assessing and monitoring credit risks. The Company’s credit risk is generally low with a large number of entities comprising Rollins’ customer base and dispersion across many different geographical regions. The credit quality of a potential obligor is evaluated at the loan origination based on an assessment of the individual’s Beacon/credit bureau score. Rollins requires a potential obligor to have good credit worthiness with low risk before entering into a contract. Depending upon the individual’s credit score, the Company may accept with 100% financing or require a significant down payment or turndown the contract. Delinquencies of accounts are monitored each month. Financing receivables include installment receivable amounts which are due subsequent to one year from the balance sheet dates. Schedule of financed receivables including installment receivable amounts which are due subsequent to one year At December 31, 2019 2018 (in thousands) Gross financing receivables, short-term $ 23,942 $ 20,299 Gross financing receivables, long-term 32,076 29,763 Allowance for doubtful accounts (2,959 ) (3,381 ) Net financing receivables $ 53,059 $ 46,681 Total financing receivables, net were $53.1 million and $46.7 million at December 31, 2019 and December 31, 2018, respectively. Financing receivables are generally charged-off when deemed uncollectable or when 180 5.0 3.8 The Company offers 90 180 Included in financing receivables are notes receivable from franchise owners. The majority of these notes are low risk as the repurchase of these franchises is guaranteed by the Company’s wholly-owned subsidiary, Orkin Systems, LLC, and the repurchase price of the franchise is currently estimated and has historically been well above the receivable due from the franchise owner. Also included in notes receivables are franchise notes from other brands which are not guaranteed and do not have the same historical valuation. The carrying amount of notes receivable approximates fair value as the interest rates approximate market rates for these types of contracts. Long-Term Installment receivables, net were $30.8 million and $28.2 million at December 31, 2019 and 2018, respectively. Rollins establishes an allowance for doubtful accounts to ensure financing receivables are not overstated due to uncollectability. The allowance balance is comprised of a general reserve, which is determined based on a percentage of the financing receivables balance, and a specific reserve, which is established for certain accounts with identified exposures, such as customer default, bankruptcy or other events, that make it unlikely that Rollins will recover its investment. The general reserve percentages are based on several factors, which include consideration of historical credit losses and portfolio delinquencies, trends in overall weighted-average risk rating of the portfolio and information derived from competitive benchmarking. The allowance for doubtful accounts related to financing receivables At December 31, 2019 2018 (in thousands) Balance, beginning of period $ 3,381 $ 2,892 Additions to allowance 2,179 2,161 Deductions, net of recoveries (2,601 ) (1,672 ) Balance, end of period $ 2,959 $ 3,381 The following is a summary of the past due financing receivables At December 31, 2019 2018 (in thousands) 30-59 days past due $ 1,427 $ 1,566 60-89 days past due 751 777 90 days or more past due 1,412 1,407 Total $ 3,590 $ 3,750 The following is a summary of percentage of gross financing receivables At December 31, 2019 2018 Current 93.7 % 92.5 % 30-59 days past due 2.5 % 3.1 % 60-89 days past due 1.3 % 1.6 % 90 days or more past due 2.5 % 2.8 % Total 100.0 % 100.0 %

EQUIPMENT AND PROPERTY

EQUIPMENT AND PROPERTY	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
EQUIPMENT AND PROPERTY	7. EQUIPMENT AND PROPERTY Equipment and property are presented at cost less accumulated depreciation December 31, 2019 2018 (in thousands) Buildings $ 95,525 $ 53,339 Operating equipment 120,826 103,429 Furniture and fixtures 19,579 18,476 Computer equipment and systems 193,795 177,441 429,725 352,685 Less: accumulated depreciation (267,370 ) (240,320 ) 162,355 112,365 Land 33,178 24,520 Net equipment and property $ 195,533 $ 136,885 Included in equipment and property, net at December 31, 2019 and 2018, are fixed assets held in foreign countries of $ 7.7 7.6 Total depreciation expense was approximately $36.6 million in 2019, $30.4 million in 2018 and $27.4 million in 2017.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	8. FAIR VALUE MEASUREMENT The Company’s financial instruments consist of cash and cash equivalents, short-term investments, trade and notes receivables, accounts payable, and other short-term liabilities. The carrying amounts of these financial instruments approximate their fair values. The Company has financial instruments related to its defined benefit pension plan and deferred compensation plan detailed in Note 16. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant non-observable inputs. At December 31, 2019 and 2018 respectively, the Company had $49.1 million and $30.9 million of acquisition holdback and earnout liabilities with the former owners of acquired companies. The earnout liabilities were discounted to reflect the expected probability of payout, and both earnout and holdback liabilities were discounted to their net present value on the Company’s books and are considered level 3 liabilities. The table below presents a summary of the changes in fair value for these liabilities. (in thousands) Acquisition holdback and earnout liabilities at December 31, 2017 $ 28,848 New acquisitions and revaluations 15,124 Payouts (13,193 ) Interest on outstanding liabilities 1,082 Charge offset, forfeit and other (935 ) Acquisition holdback and earnout liabilities at December 31, 2018 30,926 New acquisitions and revaluations 34,003 Payouts (15,994 ) Interest on outstanding liabilities 1,973 Charge offset, forfeit and other (1,776 ) Acquisition holdback and earnout liabilities at December 31, 2019 $ 49,132

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	9. GOODWILL Goodwill represents the excess of the purchase price over the fair value of net assets of businesses acquired. The carrying amount of goodwill was $572.8 million at December 31, 2019 and $368.5 million as of December 31, 2018. Goodwill increased for the year ended December 31, 2019 due to acquisitions and currency conversion of foreign goodwill. The carrying amount of goodwill in foreign countries was $ 55.8 54.9 The changes in the carrying amount of goodwill (in thousands) Goodwill at December 31, 2017 $ 346,514 Goodwill acquired 25,605 Goodwill adjustments due to currency translation (3,638 ) Goodwill at December 31, 2018 368,481 Goodwill acquired 204,162 Goodwill adjustments due to currency translation 204 Goodwill at December 31, 2019 $ 572,847

CUSTOMER CONTRACTS, TRADENAMES

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS	10. CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS Customer contracts are amortized on a straight-line basis over the period of the agreements, as straight-line best approximates the ratio that current revenues bear to the total of current and anticipated revenues, based on the estimated lives of the assets. In accordance with the FASB ASC Topic 350 “Intangibles - Goodwill and other”, the expected lives of customer contracts were reviewed, and it was determined that customer contracts should be amortized over a life of 7 20 The carrying amount and accumulated amortization for customer contracts December 31, 2019 2018 (in thousands) Customer contracts $ 470,781 $ 339,864 Less: accumulated amortization (197,061 ) (161,789 ) Customer contracts, net $ 273,720 $ 178,075 The carrying amount of customer contracts in foreign countries was $ 33.5 37.1 Trademarks and tradenames are amortized on a straight-line basis over the period of its useful life. The Company has determined the assets have useful lives between 7 20 The carrying amount and accumulated amortization for trademarks and tradenames December 31, 2019 2018 (in thousands) Trademarks and tradenames $ 107,579 $ 58,471 Less: accumulated amortization (5,040 ) (4,331 ) Trademarks and tradenames, net $ 102,539 $ 54,140 The carrying amount of trademarks and tradenames in foreign countries was $ 3.4 3.7 Other intangible assets include non-compete agreements and patents. Non-compete agreements are amortized on a straight-line basis over periods ranging from 3 20 15 The carrying amount and accumulated amortization for other intangible assets December 31, 2019 2018 (in thousands) Other intangible assets $ 22,023 $ 22,742 Less: accumulated amortization (11,498 ) (11,699 ) Other intangible assets, net $ 10,525 $ 11,043 The carrying amount of other intangible assets in foreign countries was $ 1.2 1.6 Included in the table above are non-amortizable, indefinite lived Internet domain names of $2.2 million at December 31, 2019 and 2018, respectively. Total amortization expense was approximately $ 44.5 36.4 29.2 Estimated amortization expense for the existing carrying amount of customer contracts and other intangible assets (in thousands) 2020 $ 44,850 2021 42,638 2022 41,086 2023 36,451 2024 31,460

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	11. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives The Company is exposed to certain interest rate risks on our outstanding debt and foreign currency risks arising from our international business operations and global economic conditions. The Company enters into certain derivative financial instruments to lock in certain interest rates, as well as 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 uses interest rate swap arrangements to manage or hedge its interest rate risk. Notwithstanding the terms of the swaps, the Company is ultimately obligated for all amounts due and payable under the Revolving Commitment and the Term Loan (“Credit Facility”). The Company does not use such instruments for speculative or trading purposes. On June 19, 2019, the Company entered into a floating-to-fixed interest rate swap for an aggregate notional amount of $80.0 million in order to hedge a portion of the Company’s floating rate indebtedness under the Credit Facility. The Company designated the swap as a cash flow hedge. The swap requires us to pay a fixed rate of 1.94% per annum on the notional amount. The cash flows from the swap began June 30, 2019 and ends on December 31, 2021. As of December 31, 2019, $0.3 million had been recorded as an Accumulated Loss in Other Comprehensive Income (“AOCI”). Realized gains and losses in connection with each required interest payment are reclassified from AOCI to interest expense during the period of the cash flows. During 2019, $0.1 million was recorded as interest income to offset the floating rate interest expense on our Credit Facility. On a quarterly basis, management evaluates any swap agreement to determine its effectiveness or ineffectiveness and records the change in fair value as an adjustment to AOCI. Management intends that the swap remains effective. No swaps existed at December 31, 2018. Hedges of Foreign Exchange Risk The Company is exposed to fluctuations in various foreign currencies against its functional currency, the US dollar. We use foreign currency derivatives, specifically vanilla foreign currency forward contracts (“FX Forwards”), to manage our exposure to fluctuations in the USD-CAD and AUD-USD exchange rates. FX Forwards involve fixing the foreign currency exchange rate for delivery of a specified amount of foreign currency on a specified date. The FX Forwards are typically settled in US dollars for their fair value at or close to their settlement date. We do not currently designate any of these FX Forwards under hedge accounting, but rather reflect the changes in fair value immediately in earnings. We do not use such instruments for speculative or trading purposes, but rather use them to manage our exposure to foreign exchange rates. Changes in the fair value of FX Forwards recorded in other income/expense and were equal to a net loss of $0.4 million for the twelve months ended December 31, 2019 and a net gain of $0.5 million in 2018. The fair value of the Company’s FX Forwards was recorded in Other Current Liabilities as a net obligation of $0.2 million at December 31, 2019 and in Other Assets of $0.1 million at December 31, 2018. As of December 31, 2019, the Company had the following outstanding FX Forwards (in thousands except for number of instruments) Number of Sell Buy FX Forward Contracts Sell AUD/Buy USD Fwd Contract $ 7 $ 1,050 $ 726 Sell CAD/Buy USD Fwd Contract 16 20,000 15,218 Total $ 23 $ — $ 15,944 The financial statement impact related to these derivative instruments was insignificant for the years ended December 31, 2019, 2018, and 2017.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	12. INCOME TAXES The Company's income tax provision For the years ended December 31, 2019 2018 2017 (in thousands) Current: Federal $ 43,593 $ 49,911 $ 76,178 State 15,337 13,602 13,406 Foreign 6,111 7,929 7,158 Total current tax 65,041 71,442 96,742 Deferred: Federal (5,217 ) 6,091 17,249 State (1,518 ) 1,957 1,610 Foreign (493 ) (420 ) (223 ) Total deferred tax (7,228 ) 7,628 18,636 Total income tax provision $ 57,813 $ 79,070 $ 115,378 The primary factors causing income tax expense to be different than the federal statutory rate For the years ended December 31, 2019 2018 2017 (in thousands) Income tax at statutory rate $ 54,845 $ 65,254 $ 103,075 State income tax expense (net of federal benefit) 10,182 12,984 9,979 Foreign tax expense/(benefit) 933 1,186 (1,613 ) Foreign tax credit (242 ) (234 ) (221 ) Repatriation tax under TCJA (844 ) 1,233 7,956 Pension settlement (10,537 ) — — Restricted Stock Adjustment (2,973 ) (4,420 ) (4,064 ) Other 6,449 3,067 266 Total income tax provision $ 57,813 $ 79,070 $ 115,378 Other includes the release of deferred tax liabilities, tax credits, valuation allowance, and other immaterial adjustments. On December 22, 2017 the Tax Cuts and Jobs Act (TCJA) was signed into law. The TCJA reduced the corporate tax rate from 35% to 21% and made numerous other tax law changes. In 2017, the SEC issued Staff Accounting Bulletin No. 118 which permitted the recording of provisional amounts related to the impact of the TCJA during a measurement period not to exceed one year. A provisional amount based on reasonable estimates was made with respect to the tax implications associated with the deemed repatriated earnings on foreign subsidiaries based on the initial analysis of the TCJA. Certain tax effects of the TCJA were recognized in the year ended December 31, 2017, resulting in the recording of $ 11.6 8.0 2.9 0.7 The Provision for Income Taxes resulted in an effective tax rate of 22.1 For 2018 the effective tax rate was 25.4 For 2017 the effective tax rate was 39.2 During 2019, 2018 and 2017, the Company paid income taxes of $75.8 million, $77.3 million and $90.7 million, respectively, net of refunds. Deferred income taxes reflect the net tax effects of the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company's deferred tax assets and liabilities December 31, 2019 2018 (in thousands) Deferred tax assets: Termite accrual $ 786 $ 812 Insurance and contingencies 18,464 18,136 Unearned revenues 11,506 11,091 Compensation and benefits 11,983 11,238 State and foreign operating loss carryforwards 3,939 5,346 Bad debt reserve 4,312 3,687 Foreign tax credit 3,972 6,664 Other 2,439 2,060 Valuation allowance (83 ) (76 ) Total deferred tax assets 57,318 58,958 Deferred tax liabilities: Depreciation and amortization (24,981 ) (21,237 ) Net pension liability (5,279 ) (1,340 ) Intangibles and other (34,805 ) (29,466 ) Total deferred tax liabilities (65,065 ) (52,043 ) Net deferred taxes Deferred tax assets $ 2,180 $ 6,915 Deferred tax liabilities $ (9,927 ) $ — Analysis of the valuation allowance: December 31, 2019 2018 (in thousands) Valuation allowance at beginning of year $ 76 $ 24 Increase in valuation allowance 7 52 Valuation allowance at end of year $ 83 $ 76 As of December 31, 2019, the Company has net operating loss carryforwards for foreign and state income tax purposes of approximately $ 85.3 0.4 0.04 Earnings from continuing operations before income tax included foreign income of $ 26.7 22.7 22.1 The total amount of unrecognized tax benefits at December 31, 2019 that, if recognized, would affect the effective tax rate is $0.8 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits December 31, 2019 2018 (in thousands) Unrecognized tax benefits at beginning of year $ 2,554 $ 3,148 Additions for tax positions of prior years 844 — Reductions for tax positions of prior years (2,554 ) (594 ) Unrecognized tax benefits at end of year $ 844 $ 2,554 The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax of multiple state and foreign jurisdictions. In addition, the Company has subsidiaries in various state and international jurisdictions that are currently under audit for years ranging from 2012 through 2018. With few exceptions, we are no longer subject to U.S. federal, state and local, or non-U.S., income tax examinations for years prior to 2012. It is reasonably possible that the amount of unrecognized tax benefits will decrease in the next 12 months. The Company’s policy is to record interest and penalties related to income tax matters in income tax expense. Accrued interest and penalties were $ 0.03 1.0 0.1

ACCRUAL FOR TERMITE CONTRACTS

ACCRUAL FOR TERMITE CONTRACTS	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
ACCRUAL FOR TERMITE CONTRACTS	13. ACCRUAL FOR TERMITE CONTRACTS In accordance with the FASB ASC Topic 450 “Contingencies,” A reconciliation of changes in the accrual for termite contracts At December 31, 2019 2018 (in thousands) Accrual for termite claims at beginning of year $ 3,219 $ 4,885 Current year provision 3,014 2,392 Settlements, claims, and expenditures (3,094 ) (4,058 ) Accrual for termite claims at end of year $ 3,139 $ 3,219 The accrual for termite contracts is included in other current liabilities, $2.3 million and $2.2 million at December 31, 2019 and 2018, respectively and long-term accrued liabilities, $0.8 million and $1.0 million at December 31, 2019 and 2018, respectively on the Company’s consolidated statements of financial position.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2019
Leases
LEASES	14. 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 December 31, 2019 and 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 non-lease components of contracts. Our lease agreements do not contain any material variable payments, residual value guarantees, early termination penalties or restrictive covenants. As of December 31, 2019, the Company had no additional future obligations for leases that had not yet commenced. 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. (dollars in thousands) Lease Classification Financial Statement Classification Year Ended Short-term lease cost Cost of services provided, Sales, general, and administrative expenses $ 351 Operating lease cost Cost of services provided, Sales, general, and administrative expenses 77,412 Total lease expense $ 77,763 Other Information: Weighted-average remaining lease term - operating leases 3.90 Yrs 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 $ 76,404 Operating lease right-of-use assets, net $ 200,727 Operating lease liabilities-current $ 66,117 Operating lease liabilities, less current portion $ 135,651 Lease Commitments Future minimum lease payments (in thousands) Operating 2020 $ 72,916 2021 58,344 2022 39,790 2023 21,550 2024 10,158 Thereafter 16,623 Total future minimum lease payments 219,381 Less: Amount representing interest 17,613 Total future minimum lease payments, net of interest $ 201,768

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND 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, which may include claims on a representative or class action basis alleging wage and hour law violations. 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.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2019
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS	16. EMPLOYEE BENEFIT PLANS Defined Benefit Pension Plans Rollins, Inc. Retirement Income Plan The Company maintained several noncontributory tax-qualified defined benefit pension plans (the “Plans”) covering employees meeting certain age and service requirements. The Plans provide benefits based on the average compensation for the highest five years during the last ten years of credited service (as defined) in which compensation was received, and the average anticipated Social Security covered earnings. The Company funds the Plans with at least the minimum amount required by ERISA. The Company made a contribution of $0.1 million to the Plans for the year ended December 31, 2019 and no contribution for the years ended December 31, 2018 and 2017. In 2005, the Company ceased all future benefit accruals under the Rollins, Inc. Retirement Income Plan, although the Company remains obligated to provide employees benefits earned through June 2005. In September 2019, the Company settled its fully-funded pension plan through a combination of lump sum payments to participants, payments to the Pension Benefit Guaranty Corporation, and the purchase of a group annuity contract. With the completed funding of the plan payout settlements, the Company had approximately $31.8 million of pension assets remaining. The remaining assets were the result of the funded status of the plan, higher take rate of lump sum payment election by participants and optimal pricing of the group annuity contract. The Company has evaluated the ERISA allowable opportunities for utilization of the excess pension assets including funding other employee benefits. The Company used $11.0 million of the $31.8 million to fund its 401(k) match obligation during the year ended December 31, 2019, and plans to continue funding future benefit plan obligations with a possible reversion of any remaining pension assets to the Company per ERISA regulations. The Company recognized a $49.9 million non-cash pension settlement expense from this transition, which is the accounting treatment of the accumulated sum of unrealized losses due to change in actuarial assumptions over the life of the plan. Net of tax, the expense was $26.6 million. As of December 31, 2019, the Company had approximately $21.6 million remaining of benefit plan assets. The Company includes the Waltham Services, LLC Hourly Employee Pension Plan in the Company’s financial statements. The Waltham Services, LLC Hourly Employee Pension Plan was amended, effective September 1, 2018, to freeze future benefit accruals for all participants. The Company accounts for these defined benefit plans in accordance with the FASB ASC Topic 715 “Compensation- Retirement Benefits,” and engages an outside actuary to calculate its obligations and costs. With the assistance of the actuary, the Company evaluates the significant assumptions used on a periodic basis including the estimated future return on plan assets, the discount rate, and other factors, and makes adjustments to these liabilities as necessary. The Company currently uses December 31 as the measurement date for its defined benefit post-retirement plans. The funded status of the Plans and the net amount recognized in the statement of financial position December 31, 2019 2018 (in thousands) CHANGE IN ACCUMULATED BENEFIT OBLIGATION Accumulated benefit obligation at beginning of year $ 208,425 $ 202,310 Service cost — 37 Interest cost 4,804 7,926 Actuarial (gain)/loss (4,156 ) 11,175 Benefits paid (8,000 ) (13,023 ) Settlement (198,255 ) — Accumulated Benefit obligation at end of year 2,818 208,425 CHANGE IN PLAN ASSETS Fair value of assets at beginning of year 213,699 219,905 Settlement (198,255 ) — Actual return on assets 27,064 6,817 Employer contributions 144 — Rollins 401(k) funding (11,049 ) — Benefits paid (8,000 ) (13,023 ) Fair value of plan assets at end of year 23,603 213,699 Funded status $ 20,785 $ 5,274 Amounts Recognized in the Statement of Financial Position consist of: December 31, 2019 2018 (in thousands) Assets: Benefit plan assets $ 21,565 $ — Prepaid pension — 5,274 Liabilities: Long-term accrued liabilities $ 780 $ — Amounts Recognized in the Accumulated Other Comprehensive Income consist of: December 31, 2019 2018 (in thousands) Net Actuarial Loss $ 912 $ 76,362 The accumulated benefit obligation for the defined benefit pension plans were $2.8 million and $208.4 million at December 31, 2019 and 2018, respectively. Accumulated benefit obligation and projected benefit obligation are materially the same for the Plans. In 2019 and 2017, pension liability pre-tax decreases of $ 75.4 19.0 14.8 The following weighted-average assumptions were used to determine the accumulated benefit obligation and net benefit cost December 31, 2019 2018 2017 ACCUMULATED BENEFIT OBLIGATION Discount rate 3.65 % 4.00 % * 4.00 % Rate of compensation increase N/A N/A N/A NET BENEFIT COST Discount rate 4.70 % 4.05 % 4.45 % Expected return on plan assets 7.00 % 7.00 % 7.00 % Rate of compensation increase N/A N/A N/A * In 2018, the Company used a termination liability approach in calculating the 2018 discount rate for the Rollins, Inc. Pension plan. The following assumptions were used 1) 3.90%, based on current market conditions, for participants in pay status expected to elect a plan termination annuity; 2) 4.11%, based on current market conditions, for active and terminated participants with deferred benefits expected to elect a plan termination annuity; 3) The IRC 417(e) interest rates for the month of November 2018 (3.43%, 4.46%, and 4.88%), based on plan provisions, for all lump sum eligible expected to elect a plan termination lump sum. The Waltham Services, LLC Hourly Employee Pension Plan applied 4.05% discount rate based on yield curve analysis. The return on plan assets reflects the weighted-average of the expected long-term rates of return for the broad categories of investments held in the plan. The expected long-term rate of return is adjusted when there are fundamental changes in the expected returns on the plan investments. The discount rate reflects the current rate at which the pension liabilities could be effectively settled at the end of the year. In estimating this rate, the Company utilized a yield curve analysis for the Waltham Services, LLC Hourly Employee Pension Plan for fiscal year’s 2019, 2018 and 2017. For the Rollins, Inc. Defined Benefit Plan, the Company utilized a termination liability approach for fiscal year 2018 and settled the plan in 2019. The components of net periodic benefit cost Years ended December 31, 2019 2018 2017 (in thousands) Service cost $ — $ 37 $ 58 Interest cost 4,805 7,926 8,493 Expected return on plan assets (6,149 ) (13,775 ) (13,368 ) Amortization of net loss 2,396 3,292 3,322 Preliminary net periodic benefit cost/(income) 1,052 (2,520 ) (1,495 ) Settlement expense 46,419 — 53 Net periodic benefit cost/(income) 47,471 (2,520 ) (1,442 ) The benefit obligations recognized in other comprehensive income Years ended December 31, 2019 2018 2017 (in thousands) Pretax (income)/loss $ (26,634 ) $ 18,056 $ (15,597 ) Amortization of net loss (2,396 ) (3,292 ) (3,322 ) Settlement expense (46,419 ) — (53 ) Total recognized in other comprehensive income $ (75,449 ) $ 14,764 $ (18,972 ) At December 31, 2019 and 2018, the Plan’s assets were comprised of listed common stocks and U.S. government and corporate securities, real estate and other. Included in the assets of the Plan were shares of Rollins, Inc. Common Stock with a market value $ 1.6 The Plans' weighted average asset allocation Target Percentage of plan assets Asset category 2020 2019 2018 Cash and cash equivalents 0.0% - 100.0 % 72.3 % 3.5 % Equity securities - Rollins stock 0.0% - 40.0 % 0.0 % 0.4 % Domestic equity - all other 0.0% - 40.0 % 3.8 % 0.7 % International equity 0.0% - 30.0 % 1.9 % 0.2 % Debt securities - core fixed income 0.0% - 100.0 % 2.1 % 91.1 % Real estate 0.0% - 20.0 % 9.5 % 2.0 % Alternative/Opportunistic/Special 0.0% - 20.0 % 10.4 % 2.1 % Total 0.0% - 100.0 % 100.0 % 100.0 % For each of the asset categories in the pension plan, the investment strategy is identical – maximize the long-term rate of return on plan assets with an acceptable level of risk in order to minimize the cost of providing pension benefits. The investment policy establishes a target allocation for each asset class which is rebalanced as required. The plans utilize a number of investment approaches, including individual market securities, equity and fixed income funds in which the underlying securities are marketable, and debt funds to achieve this target allocation. The Company and management are not considering making contributions to the remaining pension plan during fiscal 2020. Some of our assets, primarily our private equity , . Fair Value Measurements Given the funded status of the Rollins, Inc. Plan, the Company has modified the overall investment strategy to mitigate risk related to volatility with asset types by transitioning to a higher percentage of fixed income securities. As such, the Company’s overall investment strategy is to achieve a mix of approximately 50 percent of investments to match long-term pension obligations and 50 percent for near term benefits payments, with a diversification of assets types, fund strategies and fund managers. With the modification of investment strategy, the Company has transitioned the majority of its assets to Fixed-income securities. Fixed-income securities include corporate bonds, mortgage-backed securities, sovereign bonds, and U.S. Treasuries. Equity securities primarily include investments in large-cap and small-cap companies domiciled domestically and internationally. Other types of investments include real estate funds and private equity funds that follow several different investment strategies. For each of the asset categories in the pension plan, the investment strategy is identical – maximize the long-term rate of return on plan assets with an acceptable level of risk in order to minimize the cost of providing pension benefits. The investment policy establishes a target allocation for each asset class which is rebalanced as required. The plans utilize a number of investment approaches, including but not limited to individual market securities, equity and fixed income funds in which the underlying securities are marketable, and debt funds to achieve this target allocation. The following table presents our plan assets using the fair value hierarchy (in thousands) Level 1 Level 2 NAV Total (1) Cash and cash equivalents $ 17,071 $ — $ — $ 17,071 (2) Fixed income securities — 499 — 499 Domestic equity securities — 899 — 899 (3) International equity securities — 437 — 437 (4) Real estate — — 2,235 2,235 (5) Alternative/opportunistic/special — — 2,462 2,462 Total $ 17,071 $ 1,835 $ 4,697 $ 23,603 The following table presents our plan assets using the fair value hierarchy as of December 31, 2018. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Combined Rollins and Waltham Defined Benefit Plans (in thousands) Level 1 Level 2 NAV Total (1) Cash and cash equivalents $ 7,438 $ — $ — $ 7,438 (2) Fixed income securities 170,249 474 24,026 194,749 Domestic equity securities Rollins, Inc. stock 1,582 — — 1,582 Other securities — 789 — 789 (3) International equity securities — 363 — 363 (4) Real estate — — 4,204 4,204 (5) Alternative/opportunistic/special — — 4,574 4,574 Total $ 179,269 $ 1,626 $ 32,804 $ 213,699 (1) Cash and cash equivalents, which are used to pay benefits and plan administrative expenses, are held in Rule 2a-7 money market funds. (2) Fixed income securities are primarily valued using a market approach with inputs that include broker quotes, benchmark yields, base spreads and reported trades. (3) International equity securities are valued using a market approach based on the quoted market prices of identical instruments in their respective markets. (4) Real estate fund values are primarily reported by the fund manager and are based on valuation of the underlying investments, which include inputs such as cost, discounted future cash flows, independent appraisals and market based comparable data. (5) Alternative/Opportunistic/Special funds can invest across the capital structure in both liquid and illiquid securities that are valued using a market approach based on the quoted market prices of identical instruments, or if no market price is available, instruments will be held at their fair market value (which may be cost) as reasonably determined by the investment manager, independent dealers, or pricing services. There were no purchases, sales or transfers of assets classified as Level 3 in 2019 or 2018. The estimated future benefit payments (in thousands) 2020 $ 69 2021 76 2022 84 2023 90 2024 110 Thereafter 694 Total $ 1,123 Defined Contribution 401(k) Savings Plan The Company sponsors a defined contribution 401(k) Savings Plan that is available to a majority of the Company’s full-time employees the first day of the calendar quarter following completion of three months one year 1,000 hours fifty one 6 25.5 21.1 11.0 30.8% 41.7% 38.8% 0.1 Nonqualified Deferred Compensation Plan The Deferred Compensation Plan provides that participants may defer up to 50% 85% 2 Accounts will be credited with hypothetical earnings, and/or debited with hypothetical losses, based on the performance of certain “Measurement Funds.” Account values are calculated as if the funds from deferrals and Company credits had been converted into shares or other ownership units of selected Measurement Funds by purchasing (or selling, where relevant) such shares or units at the current purchase price of the relevant Measurement Fund at the time of the participant’s selection. Deferred Compensation Plan benefits are unsecured general obligations of the Company to the participants, and these obligations rank in parity with the Company’s other unsecured and unsubordinated indebtedness. The Company has established a “rabbi trust,” which it uses to voluntarily set aside amounts to indirectly fund any obligations under the Deferred Compensation Plan. To the extent that the Company’s obligations under the Deferred Compensation Plan exceed assets available under the trust, the Company would be required to seek additional funding sources to fund its liability under the Deferred Compensation Plan. Generally, the Deferred Compensation Plan provides for distributions of any deferred amounts upon the earliest to occur of a participant’s death, disability, retirement or other termination of employment (a “Termination Event”). However, for any deferrals of salary and bonus (but not Company contributions), participants would be entitled to designate a distribution date which is prior to a Termination Event. Generally, the Deferred Compensation Plan allows a participant to elect to receive distributions under the Deferred Compensation Plan in installments or lump-sum payments. At December 31, 2019, the Deferred Compensation Plan had 71 47.4 22.0 18.3 The estimated life insurance premium payments (in thousands) 2020 $ 108 2021 1,550 2022 1,665 2023 1,906 2024 2,417 Total $ 7,646 The following table presents our non-qualified deferred compensation plan assets using the fair value hierarchy (in thousands) Level 1 Level 2 Level 3 Total December 31, 2019 $ 71 $ — $ 22,158 $ 22,229 December 31, 2018 $ 148 $ — $ 18,267 $ 18,415 Cash and cash equivalents, which are used to pay benefits and deferred compensation plan administrative expenses, are held in Money Market Funds. Total expense related to deferred compensation was $ 250 180 230 21.2 17.5

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	17. STOCK-BASED COMPENSATION Stock Compensation Plans Time Lapse Restricted Shares and Restricted Stock Units Time lapse restricted shares (TLRSs) have been issued to officers and other management employees under the Company’s Employee Stock Incentive Plan. The Company recognizes compensation expense for the unvested portion of awards outstanding over the remainder of the service period. The compensation cost recorded for these awards is based on their closing stock price at the grant date less the cost of estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods to reflect actual forfeitures. TLRSs provide for the issuance of a share of the Company’s Common Stock at no cost to the holder and generally vest after a certain stipulated number of years from the grant date, depending on the terms of the issue. TLRSs vest in 20 six years In April 2018, the Company granted a one-time issuance of TLRSs on a tiered Company tenure basis to U.S. based employees. The one-time grant vested 100 percent on the first anniversary date of the granted shares. The total shares granted were less than 0.1 million shares. During the year, grantees receive all dividends declared and retain voting rights for the granted shares. The agreements under which the one-time restricted stock is issued provide that shares awarded may not be sold or otherwise transferred until restrictions established under the plans have lapsed. All share and per share information has been adjusted for the three-for-two stock split effective December 10, 2018. The Company issued time lapse restricted shares of 0.5 million 0.6 million 0.7 The Company issues new shares from its authorized but unissued share pool. At December 31, 2019, approximately 5.5 Compensation – Stock Compensation,” The following table summarizes the components of the Company's stock-based compensation programs Years ended December 31, 2019 2018 2017 Time lapse restricted stock: Pre-tax compensation expense $ 14,159 $ 13,726 $ 12,399 Tax benefit (3,597 ) (3,486 ) (4,799 ) Restricted stock expense, net of tax $ 10,562 $ 10,240 $ 7,600 As of December 31, 2019 and 2018, $ 41.3 39.2 4.0 4.1 The following table summarizes information on unvested restricted stock units outstanding Number of Weighted- Unvested as of December 31, 2016 3,392 $ 13.47 Forfeited (51 ) 14.92 Vested (1,018 ) 11.47 Granted 703 22.97 Unvested as of December 31, 2017 3,026 16.33 Forfeited (35 ) 19.05 Vested (910 ) 13.24 Granted 643 32.25 Unvested as of December 31, 2018 2,724 21.08 Forfeited (98 ) 24.61 Vested (800 ) 17.39 Granted 484 38.40 Unvested as of December 31, 2019 2,310 $ 25.84

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	18. ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) Accumulated other comprehensive income/ (loss) Pension Foreign Interest Total Balance at December 31, 2016 $ (49,200 ) $ (20,875 ) $ — $ (70,075 ) Change during 2017: Before-tax amount 18,980 9,960 — 28,940 Tax expense (4,821 ) — — (4,821 ) Other comprehensive earnings/(loss) 14,159 9,960 — 24,119 Balance at December 31, 2017 (35,041 ) (10,915 ) — (45,956 ) Change during 2018: Before-tax amount (14,812 ) (14,072 ) — (28,884 ) Tax expense 3,762 — 3,762 Other comprehensive earnings/(loss) (11,050 ) (14,072 ) — (25,122 ) Balance at December 31, 2018 (46,091 ) (24,987 ) — (71,078 ) Change during 2019: Before-tax amount 75,449 4,350 (277 ) 79,552 Tax expense (29,553 ) — — (29,553 ) Other comprehensive earnings/(loss) 45,896 4,350 (277 ) 49,969 Balance at December 31, 2019 $ (195 ) $ (20,637 ) $ (277 ) $ (21,109 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS The Company provides certain administrative services to RPC, Inc. (“RPC”) (a company of which Mr. R. Randall Rollins is also Chairman, and which is otherwise affiliated with the Company). The service agreements between RPC and the Company provide for the provision of services on a cost reimbursement basis and are terminable on 6 0.1 The Company rents office, hanger and storage space to LOR, Inc. (“LOR”) (a company controlled by R. Randall Rollins and Gary W. Rollins). Charges to LOR (or corporations which are subsidiaries of LOR) for rent totaled $ 0.8 0.9 1.0 In 2014, P.I.A. LLC, a company owned by the Chairman of the Board of Directors, Mr. R. Randall Rollins, purchased a Lear Model 35A jet and entered into a lease arrangement with the Company for Company use of the aircraft for business purposes. The lease is terminable by either party on 30 0.9 0.7 0.8 100 On January 24, 2018, the Company pledged a charitable gift of $0.7 million to Emory University Hospital Midtown. The amount will be paid in equal annual installments over the next five years. Dr. Lawley recused himself from the Board of Director’s approval of the gift agreement. On December 1, 2019, Orkin, a subsidiary of the Company entered into a franchise agreement with Wilson Pest Management, Inc. The franchisee is owned 100% by John Wilson IV. The Company received a total of approximately $0.8 million, which included payment for the franchise and an initial franchise fee of seventy-five thousand dollars in connection with the transaction. The franchise agreement provides for a monthly royalty fee of 9.0% of the franchisee’s reported income. John Wilson IV is the son of John F. Wilson, President and Chief Operating Officer of the Company. The Company approved the agreement in accordance with its Related Party Transactions policy.

UNAUDITED QUARTERLY DATA

UNAUDITED QUARTERLY DATA	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY DATA	20. UNAUDITED QUARTERLY DATA UNAUDITED QUARTERLY DATA (in thousands except per share data) First Second Third Fourth 2019 Revenues $ 429,069 $ 523,957 $ 556,466 $ 505,985 Gross profit (Revenues less cost of services provided) $ 211,811 $ 270,624 $ 287,748 $ 251,701 Net Income $ 44,226 $ 64,295 $ 44,064 $ 50,762 Income per share: Income per share-Basic $ 0.14 $ 0.20 $ 0.13 $ 0.16 Income per share-Diluted $ 0.14 $ 0.20 $ 0.13 $ 0.16 2018 Revenues $ 408,742 $ 480,461 $ 487,739 $ 444,623 Gross profit (Revenues less cost of services provided) $ 202,599 $ 249,689 $ 251,452 $ 223,389 Net Income $ 48,525 $ 65,542 $ 66,628 $ 50,968 Income per share: Income per share-Basic $ 0.15 $ 0.20 $ 0.20 $ 0.16 Income per share-Diluted $ 0.15 $ 0.20 $ 0.20 $ 0.16

CASH DIVIDEND

CASH DIVIDEND	12 Months Ended
	Dec. 31, 2019
Cash Dividend
CASH DIVIDEND	21. CASH DIVIDEND On January 28, 2020, the Board of Directors approved a 14.3% 0.12 0.105 0.05

SCHEDULE II-VALUATION AND QUALI

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS ROLLINS, INC. AND SUBSIDIARIES Balance at Beginning of Period Charged to Costs and Expenses Net (Deductions) Recoveries Balance at End of Period Allowance for Doubtful Accounts (in thousands) Balance at Charged to Net Balance at Year ended December 31, 2019 $ 16,666 $ 15,145 $ (12,153 ) $ 19,658 Year ended December 31, 2018 $ 14,706 $ 13,606 $ (11,646 ) $ 16,666 Year ended December 31, 2017 $ 14,600 $ 10,455 $ (10,349 ) $ 14,706

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Business Description	Business Description The Company is an international service company with headquarters located in Atlanta, Georgia, providing pest and termite control services through its wholly-owned subsidiaries to both residential and commercial customers in the United States, Canada, Australia, Europe, and Asia with international franchises in Mexico, Canada, Central and South America, the Caribbean, the Middle East, Asia, Europe, Africa, and Australia. Services are performed through a contract that specifies the pricing arrangement with the customer. Orkin, LLC. (“Orkin”), a wholly-owned subsidiary of the Company founded in 1901, is the world’s largest pest and termite control company. It provides customized services from over 400 locations. Orkin either serves customers directly or through franchise operations, in the United States, Canada, Mexico, Central and South America, the Caribbean, the Middle East, Asia, Europe, and Africa providing essential pest control services and protection against termite damage, rodents and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers and transportation companies. Orkin operates under the Orkin ® ® SM ® Orkin Canada, a wholly-owned subsidiary of Orkin founded in 1952, was acquired by Orkin in 1999. Orkin Canada is Canada’s largest pest control provider and a leader in the development of fast, effective and environmentally responsible pest control solutions. Western Pest Services (“Western”), a wholly-owned subsidiary of the Company founded in 1928, was acquired by Rollins, Inc. in 2004. Western is primarily a commercial pest control service company and its business complements most of the services Orkin offers, focusing on the northeastern United States. The Industrial Fumigant Company (“IFC”), a wholly-owned subsidiary of the Company founded in 1937, was acquired by Rollins, Inc. in 2005. IFC is a leading provider of pest management and sanitation services and products to the food and commodity industries. HomeTeam Pest Defense (“HomeTeam”), a wholly-owned subsidiary of the Company established in 1996, was acquired by Rollins, Inc. in April 2008. At the time of the acquisition, HomeTeam, with its unique Taexx ® Rollins Australia (“Rollins Australia”), a wholly-owned subsidiary of the Company, acquired Allpest WA (“Allpest”), in February 2014. Allpest was established in 1959 and is headquartered in Perth, Australia. Allpest provides traditional commercial, residential, and termite service as well as consulting services on border protection related to Australia’s biosecurity program and provides specialized services to Australia’s mining and oil and gas sectors. Critter Control, a wholly-owned subsidiary of the Company, was acquired by Rollins, Inc. on February 27, 2015. Critter Control was established in 1983 and is headquartered in Traverse City, Michigan. The business is primarily franchised, operating in 40 states and one Canadian province. Rollins UK was formed as a wholly-owned subsidiary of the Company to acquire Safeguard Pest Control (“Safeguard”) in June 2016. Safeguard is a pest control company established in the United Kingdom in 1991 with a history of providing superior pest control, bird control, and specialist services to residential and commercial customers. Northwest Pest Control, LLC, a wholly-owned subsidiary of the Company founded in 1951, was acquired by Rollins, Inc. in August 2017. Northwest specializes in residential and commercial termite control, pest control, mosquito control, wildlife services, lawn care, insulation, and HVAC services, focusing on the Southeast United States. On April 30, 2019, the Company acquired Clark Pest Control of Stockton, Inc. (“Clark Pest Control”) located in Lodi, CA. At the time of the acquisition, Clark Pest Control was a leading pest management company in California and the nation’s 8th largest pest management company according to PCT 100 rankings. Clark Pest Control services its customers from 26 service locations in 2 states. Clark Pest Control recorded revenues of approximately $139.2 million for the fiscal year ended December 31, 2018. The Company’s consolidated statements of income include the results of operations of Clark Pest Control for the period beginning April 30, 2019 through December 31, 2019. The Company has several smaller wholly-owned subsidiaries that in total make up less than 5% of the Company’s total revenues. The Company has only one reportable segment, its pest and termite control business. Revenue, operating profit and identifiable assets for this segment, includes the United States, Canada, Australia, Europe, Asia, Mexico, Central and South America, the Caribbean, the Middle East, and Africa. The Company’s results of operations and its financial condition are not reliant upon any single customer, few customers or foreign operations.
Principles of Consolidation	Principles of Consolidation —The Company’s Consolidated Financial Statements include the accounts of Rollins, Inc. and the Company’s wholly-owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”). The Company does not consolidate the financial statements of any company in which it has an ownership interest of 50% or less. The Company is not the primary beneficiary of, nor does it have a controlling financial interest in, any variable interest entity. Accordingly, the Company has not consolidated any variable interest entity. The Company reclassified certain prior period amounts, none of which were material, to conform to the current period presentation. All material intercompany accounts and transactions have been eliminated.
Subsequent Events	Subsequent Events
Estimates Used in the Preparation of Consolidated Financial Statements	Estimates Used in the Preparation of Consolidated Financial Statements
Revenue Recognition	Revenue Recognition Nature of Goods and Services and Performance Obligations The Company contracts with its customers to provide the following goods and services, each of which is a distinct performance obligation: Pest control services - The Company’s revenue recognition policies are designed to recognize revenues upon satisfaction of the performance obligation at the time services are performed. For certain revenue types, because of the timing of billing and the receipt of cash versus the timing of performing services, certain accounting estimates are utilized. Residential and commercial pest control services are primarily recurring in nature on a monthly, bi-monthly or quarterly basis, while certain types of commercial customers may receive multiple treatments within a given month. In general, pest control customers sign an initial one-year contract, and revenues are recognized at the time services are performed. The Company defers recognition of advance payments and recognizes the revenue as the services are rendered. The Company classifies discounts related to the advance payments as a reduction in revenues. Termite control services (including traditional and baiting) - Maintenance/monitoring/inspection - Termite baiting revenues are recognized based on the transfer of control of the individual units of accounting. At the inception of a new baiting services contract, upon quality control review of the installation, the Company recognizes revenue for the installation of the monitoring stations, initial directed liquid termiticide treatment and servicing of the monitoring stations. A portion of the contract amount is deferred for the undelivered monitoring performance obligation. This portion is recognized as income on a straight-line basis over the remaining contract term, which results in recognition of revenue that depicts the Company’s performance in transferring control of the service. The allocation of the transaction price to the two deliverables is based on the relative stand-alone selling price. There are no contingencies related to the delivery of additional items or meeting other specified performance conditions. Baiting renewal revenue is deferred and recognized over the annual contract period on a straight-line basis that depicts the Company’s performance in transferring control of the service. Revenue received for conventional termite renewals is deferred and recognized on a straight-line basis over the remaining contract term that depicts the Company’s performance in transferring control of the service; and, the cost of reinspections, reapplications and repairs and associated labor and chemicals are expensed as incurred. For outstanding claims, an estimate is made of the costs to be incurred (including legal costs) based upon current factors and historical information. The performance of reinspections tends to be close to the contract renewal date and while reapplications and repairs involve an insubstantial number of the contracts, these costs are incurred over the contract term. As the revenue is being deferred, the future cost of reinspections, reapplications and repairs and associated labor and chemicals applicable to the deferred revenue are expensed as incurred. The Company accrues for noticed claims. The costs of providing termite services upon renewal are compared to the expected revenue to be received and a provision is made for any expected losses. Miscellaneous services (e.g., cleaning, etc.) - Products - Equipment rental (or lease) - Right to access intellectual property (Franchise) - All Orkin domestic franchises have a guaranteed repurchase clause that the Orkin franchise may be repurchased by Orkin at a later date once it has been established. The Company amortizes the initial franchise fee over the initial franchise term. Deferred Orkin franchise fees were $ 1.7 1.6 Royalties from Orkin franchises are accrued and recognized as revenues are earned on a monthly basis. Revenue from Orkin franchises was $ 8.7 8.8 5.4 Contract Balances Timing of revenue recognition may differ from the timing of invoicing to customers. We record unearned revenue when revenue is recognized subsequent to billing. Unearned revenue mainly relates to the Company’s termite baiting offering, conventional renewals, and year-in-advance pest control services for which we have been paid in advance and earn the revenue when we transfer control of the product or service. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. Refer to Note 3 - Revenue for further information, including changes in unearned revenue for the year. The Company extends terms to certain customers on higher dollar termite and ancillary work, as well as to certain franchisees for initial funding on the sale of franchises. These financed receivables are segregated from our trade receivables. The amounts that are due within one year from the balance sheet dates are classified as short-term financed receivables, and are shown, net of allowance for doubtful accounts, at $22.3 million as of December 31, 2019 and $18.5 million at December 31, 2018. The balances of long-term financed receivables, net of allowance for doubtful accounts, were $30.8 million as of December 31, 2019 and $28.2 million at December 31, 2018 and are included in long-term assets on our consolidated statements of financial position. See Note 6 – Financing Receivables for further information. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts can be found on Schedule II-Valuation and Qualifying Accounts. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Practical Expedients and Exemptions We generally expense sales commissions when incurred because the amortization period would have been one year or less. These costs are recorded within sales and marketing expenses. We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. All revenues are reported net of sales taxes. The Company’s foreign operations accounted for approximately 8% of revenues for each of the years ended December 31, 2019 and 2018.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts
Advertising	Advertising Years ended December 31, 2019 2018 2017 (in thousands) Advertising $ 81,174 $ 69,875 $ 66,115
Cash and Cash Equivalents	Cash and Cash Equivalents The Company’s $94.3 million of total cash at December 31, 2019, is primarily cash held at various banking institutions. Approximately $74.1 million is held in cash accounts at international bank institutions and the remaining $20.2 million is primarily held in Federal Deposit Insurance Corporation (“FDIC”) insured non-interest-bearing accounts at various domestic banks which at times may exceed federally insured amounts. The Company’s international business is expanding, and we intend to continue to grow the business in foreign markets in the future through reinvestment of foreign deposits and future earnings as well as acquisitions of unrelated companies. Repatriation of cash from the Company’s foreign subsidiaries is not a part of the Company’s current business plan. Rollins maintains adequate liquidity and capital resources, without regard to its foreign deposits, that are directed to finance domestic operations and obligations and to fund expansion of its domestic business for the foreseeable future. At December 31, 2019 2018 (in thousands) (in US dollars) Cash held in foreign bank accounts $ 74,094 $ 53,613
Marketable Securities	Marketable Securities Management determines the appropriate classification of debt securities at the time of purchase and re-evaluates such designations as of each balance sheet date. Debt securities are classified as available-for-sale because the Company does not have the intent to hold the securities to maturity. Available-for-sale securities are stated at their fair values, with the unrealized gains and losses reported as in earnings. The Company had no marketable securities other than those held in the defined benefit pension plan and the non-qualified deferred compensation plan at December 31, 2019 and 2018. See Note 16 for further details.
Materials and Supplies	Materials and Supplies
Income Taxes	Income Taxes
Equipment and Property	Equipment and Property Years ended December 31, 2019 2018 2017 (in thousands) Depreciation $ 36,646 $ 30,364 $ 27,381
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets “Intangibles - Goodwill and other”
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets “Property, Plant and Equipment”
Accrued Insurance	Accrued Insurance
Accrual for Termite Contracts	Accrual for Termite Contracts
Contingency Accruals	Contingency Accruals “Contingencies,”
Three-for-two stock split	Three-for-two stock split
Earnings Per Share	Earnings Per Share “Earnings Per Share-Overall,” The Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and therefore are considered participating securities. See Note 17 for further information on restricted stock granted to employees. The basic and diluted calculations are the same as there were no stock options included in diluted earnings per share as we have no stock options outstanding. Basic and diluted earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the respective periods. A reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock Years Ended December 31, 2019 2018 2017 Net income available to stockholders $ 203,347 $ 231,663 $ 179,124 Less: Dividends paid Common Stock (152,793 ) (151,458 ) (120,930 ) Restricted shares of common stock (1,042 ) (1,284 ) (1,087 ) Undistributed earnings for the period $ 49,512 $ 78,921 $ 57,107 Allocation of undistributed earnings: Common stock 49,144 78,255 56,567 Restricted shares of common stock 368 666 540 Basic and diluted shares outstanding: Common stock 325,046 324,529 323,891 Restricted shares of common stock 2,431 2,762 3,091 Basic and diluted shares outstanding (in shares) 327,477 327,291 326,982 Basic and diluted earnings per share: Common stock: Distributed earnings $ 0.47 $ 0.47 $ 0.37 Undistributed earnings 0.15 0.24 $ 0.18 $ 0.62 $ 0.71 $ 0.55 Restricted shares of common stock Distributed earnings $ 0.43 $ 0.47 $ 0.35 Undistributed earnings 0.15 0.24 0.18 $ 0.58 $ 0.71 $ 0.53
Translation of Foreign Currencies	Translation of Foreign Currencies
Stock-Based Compensation	Stock-Based Compensation Compensation – Stock Compensation TLRSs provide for the issuance of a share of the Company’s Common Stock at no cost to the holder and generally vest after a certain stipulated number of years from the grant date, depending on the terms of the issue. Outstanding TLRSs vest in 20 percent increments starting with the second anniversary of the grant, over six years from the date of grant. During these years, grantees receive all dividends declared and retain voting rights for the granted shares. The agreements under which the restricted stock is issued provide that shares awarded may not be sold or otherwise transferred until restrictions established under the plans have lapsed. The fair value of these awards is recognized as compensation expense, net of forfeitures, on a straight-line basis over six years.
Comprehensive Income (Loss)	Comprehensive Income (Loss)
Franchising Program	Franchising Program 50 47 47 five 6.7 6.5 5.0 4.9 2.5 As of December 31, 2019, 2018 and 2017, Orkin had 97 86 81 Royalties from Orkin franchises (domestic and international) are accrued and recognized as revenues and are earned on a monthly basis. Revenue from Orkin franchises was $8.7 million for the year ended December 31, 2019 and $8.8 million and $5.4 million for the years ended December 31, 2018 and 2017, respectively. Rollins’ wholly-owned subsidiary, Critter Control, had 84 80 89 0.9 0.6 Combined domestic and international revenues from Orkin, Critter Control and Australia franchises were $ 17.1 14.7 9.7 Right to access intellectual property (Franchise)
Recent Accounting Guidance	Recent Accounting Guidance 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. The new standard also provides practical expedients for an entity’s ongoing accounting. We elected the short-term lease recognition exemption. Accordingly, the Company does not recognize right of use assets or lease liabilities, for existing short-term leases of those assets in transition. Upon adoption, the Company recognized operating lease right-of-use assets and liabilities of $195.7 million and $195.5 million, and a $0.2 million adjustment to beginning retained earnings. 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 (Topic 326): Measurement of Credit Losses on Financial Instruments.” The updated accounting guidance requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets, including trade receivables. Based on our current receivables and forecasts of future macroeconomic conditions, we estimate that the allowance for credit losses reported in our consolidated balance sheet will decrease by an immaterial amount at adoption. We will record the cumulative effect of initially applying the new standard as an adjustment to the opening balance of retained earnings. In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 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. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. The updated accounting guidance modifies the disclosure requirements on fair value measurements by removing certain disclosure requirements related to the fair value hierarchy, modifying existing disclosure requirements related to measurement uncertainty and adding new disclosure requirements. The standard in this update is effective for the Company’s financial statements issued for fiscal years beginning in 2020. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
[custom:AdvertisingCostsExpensedTableTextBlock]
Advertising	Years ended December 31, 2019 2018 2017 (in thousands) Advertising $ 81,174 $ 69,875 $ 66,115
[custom:ScheduleOfCashAndCashEquivalentsHeldInForeignBankAccountsTableTextBlock]
Cash held in foreign bank accounts	At December 31, 2019 2018 (in thousands) (in US dollars) Cash held in foreign bank accounts $ 74,094 $ 53,613
[custom:ScheduleOfDepreciationAndAmortizationExpenseTableTextBlock]
Depreciation	Years ended December 31, 2019 2018 2017 (in thousands) Depreciation $ 36,646 $ 30,364 $ 27,381
weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock	A reconciliation of weighted average shares outstanding along with the earnings per share attributable to restricted shares of common stock
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)	Years Ended December 31, 2019 2018 2017 Net income available to stockholders $ 203,347 $ 231,663 $ 179,124 Less: Dividends paid Common Stock (152,793 ) (151,458 ) (120,930 ) Restricted shares of common stock (1,042 ) (1,284 ) (1,087 ) Undistributed earnings for the period $ 49,512 $ 78,921 $ 57,107 Allocation of undistributed earnings: Common stock 49,144 78,255 56,567 Restricted shares of common stock 368 666 540 Basic and diluted shares outstanding: Common stock 325,046 324,529 323,891 Restricted shares of common stock 2,431 2,762 3,091 Basic and diluted shares outstanding (in shares) 327,477 327,291 326,982 Basic and diluted earnings per share: Common stock: Distributed earnings $ 0.47 $ 0.47 $ 0.37 Undistributed earnings 0.15 0.24 $ 0.18 $ 0.62 $ 0.71 $ 0.55 Restricted shares of common stock Distributed earnings $ 0.43 $ 0.47 $ 0.35 Undistributed earnings 0.15 0.24 0.18 $ 0.58 $ 0.71 $ 0.53

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
fair values of Clark Pest Control's assets and liabilities, at the date of acquisition	The fair values of Clark Pest Control's assets and liabilities, at the date of acquisition
ACQUISITIONS
unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition as if it had occurred as of the beginning of our fiscal year 2018	The unaudited pro forma financial information presented below gives effect to the Clark Pest Control acquisition as if it had occurred as of the beginning of our fiscal year 2018
ACQUISITIONS (Details 2)
The fair values of major classes of assets acquired and liabilities assumed along with the contingent consideration liability recorded during the valuation period of acquisition is included in the reconciliation of the total consideration	Total cash purchase price for the Company’s acquisitions in 2019 and 2018 were $430.6 million and $76.8 million, respectively. The fair values of major classes of assets acquired and liabilities assumed along with the contingent consideration liability recorded during the valuation period of acquisition is included in the reconciliation of the total consideration

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue, classified	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
REVENUE (Details 2)
Changes in unearned revenue	Deferred revenue recognized for the year ended December 31, 2019 and 2018 was $ 165.0 156.6 Changes in unearned revenue

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
aggregate annual maturities of long-term debt	The aggregate annual maturities of long-term debt

TRADE RECEIVABLES (Tables)

TRADE RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

FINANCING RECEIVABLES (Tables)

FINANCING RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Schedule of financed receivables including installment receivable amounts which are due subsequent to one year	Schedule of financed receivables including installment receivable amounts which are due subsequent to one year
FINANCING RECEIVABLES
The allowance for doubtful accounts related to financing receivables	The allowance for doubtful accounts related to financing receivables
FINANCING RECEIVABLES (Details 2)
summary of the past due financing receivables	The following is a summary of the past due financing receivables
FINANCING RECEIVABLES (Details 3)
summary of percentage of gross financing receivables	The following is a summary of percentage of gross financing receivables

EQUIPMENT AND PROPERTY (Tables)

EQUIPMENT AND PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Equipment and property are presented at cost less accumulated depreciation	Equipment and property are presented at cost less accumulated depreciation

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
The table below presents a summary of the changes in fair value for these liabilities.	The table below presents a summary of the changes in fair value for these liabilities.

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
The changes in the carrying amount of goodwill	The changes in the carrying amount of goodwill

CUSTOMER CONTRACTS, TRADENAME_2

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
carrying amount and accumulated amortization for customer contracts	The carrying amount and accumulated amortization for customer contracts
CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS
carrying amount and accumulated amortization for trademarks and tradenames	The carrying amount and accumulated amortization for trademarks and tradenames
CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details 2)
carrying amount and accumulated amortization for other intangible assets	The carrying amount and accumulated amortization for other intangible assets
CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details 3)
Estimated amortization expense for the existing carrying amount of customer contracts and other intangible assets	Estimated amortization expense for the existing carrying amount of customer contracts and other intangible assets

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Company had the following outstanding FX Forwards	As of December 31, 2019, the Company had the following outstanding FX Forwards

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Company's income tax provision	The Company's income tax provision
INCOME TAXES
primary factors causing income tax expense to be different than the federal statutory rate	The primary factors causing income tax expense to be different than the federal statutory rate
INCOME TAXES (Details 2)
Significant components of the Company's deferred tax assets and liabilities	Deferred income taxes reflect the net tax effects of the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company's deferred tax assets and liabilities
INCOME TAXES (Details 3)
Analysis of the valuation allowance:	Analysis of the valuation allowance:
INCOME TAXES (Details 4)
reconciliation of the beginning and ending amount of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits

ACCRUAL FOR TERMITE CONTRACTS (

ACCRUAL FOR TERMITE CONTRACTS (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
reconciliation of changes in the accrual for termite contracts	A reconciliation of changes in the accrual for termite contracts
ACCRUAL FOR TERMITE CONTRACTS	At December 31, 2019 2018 (in thousands) Accrual for termite claims at beginning of year $ 3,219 $ 4,885 Current year provision 3,014 2,392 Settlements, claims, and expenditures (3,094 ) (4,058 ) Accrual for termite claims at end of year $ 3,139 $ 3,219

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2019
Leases
[custom:ScheduleOfLeaseClassificationTableTextBlock]
Lease Classification
Future minimum lease payments	Future minimum lease payments

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2019
Employee Benefit Plans
The funded status of the Plans and the net amount recognized in the statement of financial position	The Company currently uses December 31 as the measurement date for its defined benefit post-retirement plans. The funded status of the Plans and the net amount recognized in the statement of financial position
EMPLOYEE BENEFIT PLANS	December 31, 2019 2018 (in thousands) CHANGE IN ACCUMULATED BENEFIT OBLIGATION Accumulated benefit obligation at beginning of year $ 208,425 $ 202,310 Service cost — 37 Interest cost 4,804 7,926 Actuarial (gain)/loss (4,156 ) 11,175 Benefits paid (8,000 ) (13,023 ) Settlement (198,255 ) — Accumulated Benefit obligation at end of year 2,818 208,425 CHANGE IN PLAN ASSETS Fair value of assets at beginning of year 213,699 219,905 Settlement (198,255 ) — Actual return on assets 27,064 6,817 Employer contributions 144 — Rollins 401(k) funding (11,049 ) — Benefits paid (8,000 ) (13,023 ) Fair value of plan assets at end of year 23,603 213,699 Funded status $ 20,785 $ 5,274
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
Amounts Recognized in the Statement of Financial Position consist of:	Amounts Recognized in the Statement of Financial Position consist of: December 31, 2019 2018 (in thousands) Assets: Benefit plan assets $ 21,565 $ — Prepaid pension — 5,274 Liabilities: Long-term accrued liabilities $ 780 $ —
Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]
Amounts Recognized in the Accumulated Other Comprehensive Income consist of:	Amounts Recognized in the Accumulated Other Comprehensive Income consist of: December 31, 2019 2018 (in thousands) Net Actuarial Loss $ 912 $ 76,362
weighted-average assumptions were used to determine the accumulated benefit obligation and net benefit cost	The following weighted-average assumptions were used to determine the accumulated benefit obligation and net benefit cost
EMPLOYEE BENEFIT PLANS (Details 4)	December 31, 2019 2018 2017 ACCUMULATED BENEFIT OBLIGATION Discount rate 3.65 % 4.00 % * 4.00 % Rate of compensation increase N/A N/A N/A NET BENEFIT COST Discount rate 4.70 % 4.05 % 4.45 % Expected return on plan assets 7.00 % 7.00 % 7.00 % Rate of compensation increase N/A N/A N/A
components of net periodic benefit cost	The components of net periodic benefit cost
EMPLOYEE BENEFIT PLANS (Details 5)	Years ended December 31, 2019 2018 2017 (in thousands) Service cost $ — $ 37 $ 58 Interest cost 4,805 7,926 8,493 Expected return on plan assets (6,149 ) (13,775 ) (13,368 ) Amortization of net loss 2,396 3,292 3,322 Preliminary net periodic benefit cost/(income) 1,052 (2,520 ) (1,495 ) Settlement expense 46,419 — 53 Net periodic benefit cost/(income) 47,471 (2,520 ) (1,442 )
benefit obligations recognized in other comprehensive income	The benefit obligations recognized in other comprehensive income
EMPLOYEE BENEFIT PLANS (Details 6)	Years ended December 31, 2019 2018 2017 (in thousands) Pretax (income)/loss $ (26,634 ) $ 18,056 $ (15,597 ) Amortization of net loss (2,396 ) (3,292 ) (3,322 ) Settlement expense (46,419 ) — (53 ) Total recognized in other comprehensive income $ (75,449 ) $ 14,764 $ (18,972 )
Plans' weighted average asset allocation	The Plans' weighted average asset allocation
EMPLOYEE BENEFIT PLANS (Details 7)	Target Percentage of plan assets Asset category 2020 2019 2018 Cash and cash equivalents 0.0% - 100.0 % 72.3 % 3.5 % Equity securities - Rollins stock 0.0% - 40.0 % 0.0 % 0.4 % Domestic equity - all other 0.0% - 40.0 % 3.8 % 0.7 % International equity 0.0% - 30.0 % 1.9 % 0.2 % Debt securities - core fixed income 0.0% - 100.0 % 2.1 % 91.1 % Real estate 0.0% - 20.0 % 9.5 % 2.0 % Alternative/Opportunistic/Special 0.0% - 20.0 % 10.4 % 2.1 % Total 0.0% - 100.0 % 100.0 % 100.0 %
assets using the fair value hierarchy	The following table presents our plan assets using the fair value hierarchy
EMPLOYEE BENEFIT PLANS (Details 8)	(in thousands) Level 1 Level 2 NAV Total (1) Cash and cash equivalents $ 17,071 $ — $ — $ 17,071 (2) Fixed income securities — 499 — 499 Domestic equity securities — 899 — 899 (3) International equity securities — 437 — 437 (4) Real estate — — 2,235 2,235 (5) Alternative/opportunistic/special — — 2,462 2,462 Total $ 17,071 $ 1,835 $ 4,697 $ 23,603
estimated future benefit payments	The estimated future benefit payments
EMPLOYEE BENEFIT PLANS (Details 9)	(in thousands) 2020 $ 69 2021 76 2022 84 2023 90 2024 110 Thereafter 694 Total $ 1,123
estimated life insurance premium payments	The estimated life insurance premium payments
EMPLOYEE BENEFIT PLANS (Details 10)	(in thousands) 2020 $ 108 2021 1,550 2022 1,665 2023 1,906 2024 2,417 Total $ 7,646
non-qualified deferred compensation plan assets using the fair value hierarchy	The following table presents our non-qualified deferred compensation plan assets using the fair value hierarchy
EMPLOYEE BENEFIT PLANS (Details 11)	(in thousands) Level 1 Level 2 Level 3 Total December 31, 2019 $ 71 $ — $ 22,158 $ 22,229 December 31, 2018 $ 148 $ — $ 18,267 $ 18,415

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
components of the Company's stock-based compensation programs	The following table summarizes the components of the Company's stock-based compensation programs
STOCK-BASED COMPENSATION
unvested restricted stock units outstanding	The following table summarizes information on unvested restricted stock units outstanding

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Accumulated other comprehensive income/ (loss)	Accumulated other comprehensive income/ (loss)

UNAUDITED QUARTERLY DATA (Table

UNAUDITED QUARTERLY DATA (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
UNAUDITED QUARTERLY DATA	UNAUDITED QUARTERLY DATA

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Advertising	$ 81,174	$ 69,875	$ 66,115

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash held in foreign bank accounts	$ 74,094	$ 53,613

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Depreciation	$ 36,646	$ 30,364	$ 27,381

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net income available to stockholders	$ 50,762	$ 44,064	$ 64,295	$ 44,226	$ 50,968	$ 66,628	$ 65,542	$ 48,525	$ 203,347	$ 231,663	$ 179,124
Less: Dividend paid									(153,836)	(152,742)	(122,017)
Undistributed earnings for the period									$ 49,512	$ 78,921	$ 57,107
Basic and diluted shares outstanding (in shares)									327,477,000	327,291,000	326,982,000
Basic (in dollars per share)	$ 0.16	$ 0.13	$ 0.20	$ 0.14	$ 0.16	$ 0.20	$ 0.20	$ 0.15	$ 0.62	$ 0.71	$ 0.55
Diluted (in dollars per share)	$ 0.16	$ 0.13	$ 0.20	$ 0.14	$ 0.16	$ 0.20	$ 0.20	$ 0.15	$ 0.62	$ 0.71	$ 0.55
Common Stock [Member]
Less: Dividend paid									$ (152,793)	$ (151,458)	$ (120,930)
Undistributed earnings for the period									$ 49,144	$ 78,255	$ 56,567
Basic and diluted shares outstanding (in shares)									325,046,000	324,529,000	323,891,000
Distributed earnings (in dollars per share)									$ 0.47	$ 0.47	$ 0.37
Distributed earnings (in dollars per share)									0.47	0.47	0.37
Undistributed earnings (in dollars per share)									0.15	0.24	0.18
Undistributed earnings (in dollars per share)									0.15	0.24	0.18
Basic (in dollars per share)									0.62	0.71	0.55
Diluted (in dollars per share)									$ 0.62	$ 0.71	$ 0.55
Restricted Stock [Member]
Less: Dividend paid									$ (1,042)	$ (1,284)	$ (1,087)
Undistributed earnings for the period									$ 368	$ 666	$ 540
Basic and diluted shares outstanding (in shares)									2,431,000	2,762,000	3,091,000
Distributed earnings (in dollars per share)									$ 0.43	$ 0.47	$ 0.35
Distributed earnings (in dollars per share)									0.43	0.47	0.35
Undistributed earnings (in dollars per share)									0.15	0.24	0.18
Undistributed earnings (in dollars per share)									0.15	0.24	0.18
Basic (in dollars per share)									0.58	0.71	0.53
Diluted (in dollars per share)									$ 0.58	$ 0.71	$ 0.53

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019USD ($)Franchise	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)Franchise	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)Franchise	Dec. 31, 2018USD ($)Franchise	Dec. 31, 2017USD ($)Franchise
Repurchase Agreement Counterparty [Line Items]
Deferred franchise fees	$ 1,700				$ 1,600				$ 1,700	$ 1,600
Revenue from franchises	$ 505,985	$ 556,466	$ 523,957	$ 429,069	$ 444,623	$ 487,739	$ 480,461	$ 408,742	2,015,477	1,821,565	$ 1,673,957
Non-US [Member]
Repurchase Agreement Counterparty [Line Items]
Revenue from franchises									$ 152,779	$ 144,449	$ 132,621
Significant Changes, Franchised Outlets in Operation | Franchise	97				86				97	86	81
Critter Control [Member]
Repurchase Agreement Counterparty [Line Items]
Significant Changes, Franchised Outlets in Operation | Franchise	84				80				84	80	89
[custom:NotesReceivableFromFranchisesNet-0]	$ 900				$ 600				$ 900	$ 600
Orkin Franchises [Member]
Repurchase Agreement Counterparty [Line Items]
Revenue from franchises									8,700	8,800	$ 5,400
Orkin Citter Control And Australia [Member]
Repurchase Agreement Counterparty [Line Items]
Revenue from franchises									$ 17,100	$ 14,700	$ 9,700

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets and liabilities:
Goodwill		$ 572,847	$ 368,481	$ 346,514
Business Acquisition [Member]
Assets and liabilities:
Trade accounts receivables	$ 6,974	7,728	3,558
Materials and supplies	900	1,378	556
Other current assets	5,367
Equipment and property, net	65,535	68,704	7,374
Goodwill	191,853	204,162	25,605
Customer contracts	112,700	136,344	62,228
Trademarks & tradenames	49,300	50,650	6,936
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)
Other long term liabilities	(9,352)
Accrued insurance, less current portion	(1,870)
Contingent Consideration, long-term	(5,923)	$ (12,700)	$ (4,863)
Total	$ 395,269

ACQUISITIONS (Details 2)

ACQUISITIONS (Details 2) - Business Acquisition [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Customer Services	$ 2,060,280	$ 1,960,741
Costs And Expenses	1,798,984	1,640,120
Income Before Income Taxes	261,296	320,621
Provision For Income Taxes	57,813	79,070
Net Income	$ 203,483	$ 241,551
Net Income Per Share - Basic And Diluted	$ 0.62	$ 0.74
Dividends Paid Per Share	$ 0.47	$ 0.47
Weighted average participating shares outstanding - basic and diluted	327,477,000	327,291,000

ACQUISITIONS (Details 3)

ACQUISITIONS (Details 3) - USD ($) $ in Thousands	Apr. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 572,847	$ 368,481	$ 346,514
Business Acquisition [Member]
Business Acquisition [Line Items]
Accounts receivable	$ 6,974	7,728	3,558
Materials and supplies	900	1,378	556
Equipment and property	65,535	68,704	7,374
Goodwill	191,853	204,162	25,605
Customer contracts	112,700	136,344	62,228
Other intangible assets	49,300	50,650	6,936
Current liabilities		(18,195)	(21,536)
Other assets and liabilities, net		(7,513)	(3,089)
Total consideration paid		443,258	81,632
Less: Contingent consideration liability	$ (5,923)	(12,700)	(4,863)
Total cash purchase price		$ 430,558	$ 76,769

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 505,985	$ 556,466	$ 523,957	$ 429,069	$ 444,623	$ 487,739	$ 480,461	$ 408,742	$ 2,015,477	$ 1,821,565	$ 1,673,957
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues									1,862,698	1,677,116	1,541,336
Non-US [Member]
Disaggregation of Revenue [Line Items]
Revenues									$ 152,779	$ 144,449	$ 132,621

REVENUE (Details 2)

REVENUE (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenues	$ 505,985	$ 556,466	$ 523,957	$ 429,069	$ 444,623	$ 487,739	$ 480,461	$ 408,742	$ 2,015,477	$ 1,821,565	$ 1,673,957
Residential Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues									861,636	773,932	705,787
Commercial Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues									770,342	707,386	666,523
Termite Completions, Bait Monitoring, & Renewals [Member]
Disaggregation of Revenue [Line Items]
Revenues									371,258	332,573	294,982
Other Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenues									$ 12,241	$ 7,674	$ 6,665

REVENUE (Details 3)

REVENUE (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Balance at beginning of year	$ 127,075	$ 117,614
Deferral of unearned revenue	174,404	166,053
Recognition of unearned revenue	(164,972)	(156,592)
Balance at end of year	$ 136,507	$ 127,075

REVENUE (Details Narrative)

REVENUE (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Long-term unearned revenue	$ 13,700	$ 11,100

DEBT (Details)

DEBT (Details) $ in Thousands	Dec. 31, 2019USD ($)
Line of Credit Facility [Line Items]
2020	$ 12,500
2021	17,188
2022	18,750
2023	23,437
2024	219,625
Total	291,500
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
2020
2021
2022
2023
2024	101,500
Total	101,500
Term Loan [Member]
Line of Credit Facility [Line Items]
2020	12,500
2021	17,188
2022	18,750
2023	23,437
2024	118,125
Total	$ 190,000

DEBT (Details Narrative)

DEBT (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 291,500
Letter of Credit	$ 32,900
DebtInstrumentRestrictiveCovenants	In order to comply with applicable debt covenants, the Company is required to 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 Facility [Line Items]
Long-term Line of Credit	$ 101,500
Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	175,000
Revolving Credit Facility [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	75,000
Revolving Credit Facility [Member] | Swingline Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	25,000
SunTrust Bank and Bank of America, [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	250,000
Term Loan [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 190,000

TRADE RECEIVABLES (Details)

TRADE RECEIVABLES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Gross trade receivables	$ 139,465	$ 117,301
Allowance for doubtful accounts	(16,699)	(13,285)
Net trade receivables	$ 122,766	$ 104,016

FINANCING RECEIVABLES (Details)

FINANCING RECEIVABLES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Gross financing receivables, short-term	$ 23,942	$ 20,299
Gross financing receivables, long-term	32,076	29,763
Allowance for doubtful accounts	(2,959)	(3,381)
Net financing receivables	$ 53,059	$ 46,681

FINANCING RECEIVABLES (Details

FINANCING RECEIVABLES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Balance, beginning of period	$ 3,381	$ 2,892
Additions to allowance	2,179	2,161
Deductions, net of recoveries	(2,601)	(1,672)
Balance, end of period	$ 2,959	$ 3,381

FINANCING RECEIVABLES (Detail_2

FINANCING RECEIVABLES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Past due financing receivables	$ 3,590	$ 3,750
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past due financing receivables	1,427	1,566
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past due financing receivables	751	777
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past due financing receivables	$ 1,412	$ 1,407

FINANCING RECEIVABLES (Detail_3

FINANCING RECEIVABLES (Details 4)	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Current	93.70%	92.50%
30-59 days past due	2.50%	3.10%
60-89 days past due	1.30%	1.60%
90 days or more past due	2.50%	2.80%
Total	100.00%	100.00%

FINANCING RECEIVABLES (Detail_4

FINANCING RECEIVABLES (Details Narrative)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
[custom:FinancingReceivablePercentageOfFinanceSubjectToCreditScore]	100.00%
Number of days to elapse for financing receivables to be charged-off	180 days
Charge-offs as a percentage of average financing receivables	5.00%	3.80%
Number of days the Company offers cash financing to customers	90 days
Period of past due loans that continue to accrue interest due to an administrative issue	180 days

EQUIPMENT AND PROPERTY (Details

EQUIPMENT AND PROPERTY (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Less: Accumulated Depreciation	$ (36,646)	$ (30,364)	$ (27,381)
Net equipment and property	195,533	136,885
Building [Member]
Property, Plant and Equipment [Line Items]
Gross equipment and property	95,525	53,339
Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross equipment and property	120,826	103,429
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Gross equipment and property	19,579	18,476
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross equipment and property	193,795	177,441
Plant And Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross equipment and property	429,725	352,685
Less: Accumulated Depreciation	(267,370)	(240,320)
Net equipment and property	162,355	112,365
Land [Member]
Property, Plant and Equipment [Line Items]
Gross equipment and property	$ 33,178	$ 24,520

EQUIPMENT AND PROPERTY (Detai_2

EQUIPMENT AND PROPERTY (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Foreign Countries [Member]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed Assets held in Foreign Countries	$ 7,700	$ 7,600

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - Fair Value, Inputs, Level 3 [Member] - Liability [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition holdback and earnout liabilities at December 31, 2017	$ 30,926	$ 28,848
New acquisitions and revaluations	34,003	15,124
Payouts	(15,994)	(13,193)
Interest on outstanding liabilities	1,973	1,082
Charge offset, forfeit and other	(1,776)	(935)
Acquisition holdback and earnout liabilities at December 31, 2019	$ 49,132	$ 30,926

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill at December 31, 2017	$ 368,481	$ 346,514
Goodwill acquired	204,162	25,605
Goodwill adjustments due to currency translation	204	(3,638)
Goodwill at December 31, 2019	$ 572,847	$ 368,481

GOODWILL (Details Narrative)

GOODWILL (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying amount of goodwill in foreign countries	$ 55,800	$ 54,900

CUSTOMER CONTRACTS, TRADENAME_3

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details) - Customer Contracts [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Customer contracts	$ 470,781	$ 339,864
Less: accumulated amortization	(197,061)	(161,789)
Customer contracts, net	$ 273,720	$ 178,075

CUSTOMER CONTRACTS, TRADENAME_4

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Trademarks and tradenames, net	$ 102,539	$ 54,140
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Trademarks and tradenames	107,579	58,471
Less: accumulated amortization	(5,040)	(4,331)
Trademarks and tradenames, net	$ 102,539	$ 54,140

CUSTOMER CONTRACTS, TRADENAME_5

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Other intangible assets	$ 10,525	$ 11,043
Intangible Assets Excluding Goodwill And Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Other intangible assets	22,023	22,742
Less: accumulated amortization	(11,498)	(11,699)
Other intangible assets, net	$ 10,525	$ 11,043

CUSTOMER CONTRACTS, TRADENAME_6

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details 4) $ in Thousands	Dec. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 44,850
2021	42,638
2022	41,086
2023	36,451
2024	$ 31,460

CUSTOMER CONTRACTS, TRADENAME_7

CUSTOMER CONTRACTS, TRADENAMES AND TRADEMARKS, AND OTHER INTANGIBLE ASSETS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization Expenses	$ 44,500	$ 36,400	$ 29,200
Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	273,720	178,075
Customer Contracts [Member] | Non-US [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	$ 33,500	37,100
Customer Contracts [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years
Customer Contracts [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Trademarks and Trade Names [Member] | Non-US [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	$ 3,400	$ 3,700
Trademarks and Trade Names [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years
Trademarks and Trade Names [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Intangible Assets Excluding Goodwill And Customer Contracts [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	3 years
Intangible Assets Excluding Goodwill And Customer Contracts [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) $ in Thousands	Dec. 31, 2019USD ($)Franchise
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Number of Instruments Held | Franchise	23
Sell Notional
Buy Notional	$ 15,944
Sell AUD/Buy USD Fwd Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Number of Instruments Held | Franchise	7
Sell Notional	$ 1,050
Buy Notional	$ 726
Sell CAD/Buy USD Fwd Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Number of Instruments Held | Franchise	16
Sell Notional	$ 20,000
Buy Notional	$ 15,218

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 43,593	$ 49,911	$ 76,178
State	15,337	13,602	13,406
Foreign	6,111	7,929	7,158
Total current tax	65,041	71,442	96,742
Deferred:
Federal	(5,217)	6,091	17,249
State	(1,518)	1,957	1,610
Foreign	(493)	(420)	(223)
Total deferred tax	(7,228)	7,628	18,636
Total income tax provision	$ 57,813	$ 79,070	$ 115,378

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax at statutory rate	$ 54,845	$ 65,254	$ 103,075
State income tax expense (net of federal benefit)	10,182	12,984	9,979
Foreign tax expense/(benefit)	933	1,186	(1,613)
Foreign tax credit	(242)	(234)	(221)
Repatriation tax under TCJA	(844)	1,233	7,956
Pension settlement	(10,537)
Restricted Stock Adjustment	(2,973)	(4,420)	(4,064)
Other	6,449	3,067	266
Total income tax provision	$ 57,813	$ 79,070	$ 115,378

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Termite accrual	$ 786	$ 812
Insurance and contingencies	18,464	18,136
Unearned revenues	11,506	11,091
Compensation and benefits	11,983	11,238
State and foreign operating loss carryforwards	3,939	5,346
Bad debt reserve	4,312	3,687
Foreign tax credit	3,972	6,664
Other	2,439	2,060
Valuation allowance	(83)	(76)	$ (24)
Total deferred tax assets	57,318	58,958
Deferred tax liabilities:
Depreciation and amortization	(24,981)	(21,237)
Net pension liability	(5,279)	(1,340)
Intangibles and other	(34,805)	(29,466)
Total deferred tax liabilities	(65,065)	(52,043)
Net deferred taxes
Deferred tax assets	2,180	6,915
Deferred tax liabilities	$ (9,927)

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Valuation allowance at beginning of year	$ 76	$ 24
Increase in valuation allowance	7	52
Valuation allowance at end of year	$ 83	$ 76

INCOME TAXES (Details 5)

INCOME TAXES (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Unrecognized tax benefits at beginning of year	$ 2,554	$ 3,148
Additions for tax positions of prior years	844
Reductions for tax positions of prior years	(2,554)	(594)
Unrecognized tax benefits at end of year	$ 844	$ 2,554

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
TCJA, additional tax expense			$ 11,600
TCJA, tax on deemed repatriated earnings of foreign subsidiaries			8,000
TCJA, remeasurement of deferred tax assets			2,900
TCJA, reductions in tax benefits on stock compensation			$ 700
Provision for Income Tax, effective rate	22.10%	25.40%	39.20%
Foreign earnings from continuing operations before income tax	$ 26,700	$ 22,700	$ 22,100
Accrued interest and penalties	30	$ 1,000
Interest and penalties	100
State and Local and Foreign Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	85,300
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	400
Increase in valuation allowance, net operating losses	$ 40

ACCRUAL FOR TERMITE CONTRACTS_2

ACCRUAL FOR TERMITE CONTRACTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Accrual for termite claims at beginning of year	$ 3,219	$ 4,885
Current year provision	3,014	2,392
Settlements, claims, and expenditures	(3,094)	(4,058)
Accrual for termite claims at end of year	$ 3,139	$ 3,219

LEASE (Details)

LEASE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases
Short-term lease cost	$ 351
Operating lease cost	77,412
Total lease expense	$ 77,763
Weighted-average remaining lease term - operating leases	3 years 10 months 24 days
Weighted-average discount rate - operating leases	3.94%
Operating cash flows for operating leases	$ 76,404
Disposal Group, Including Discontinued Operation, Capital Leased Assets, Noncurrent	200,727
Capital Lease Obligations, Current	66,117
Capital Lease Obligations, Noncurrent	$ 135,651

LEASE (Details 2)

LEASE (Details 2) $ in Thousands	Dec. 31, 2019USD ($)
Leases
2020	$ 72,916
2021	58,344
2022	39,790
2023	21,550
2024	10,158
Thereafter	16,623
Total future minimum lease payments	219,381
Less: Amount representing interest	17,613
Total future minimum lease payments, net of interest	$ 201,768

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CHANGE IN ACCUMULATED BENEFIT OBLIGATION
Accumulated benefit obligation at beginning of year	$ 208,425	$ 202,310
Service cost		37	$ 58
Interest cost	4,804	7,926
Actuarial (gain)/loss	(4,156)	11,175
Benefits paid	(8,000)	(13,023)
Settlement	(198,255)
Accumulated Benefit obligation at end of year	2,818	208,425	202,310
CHANGE IN PLAN ASSETS
Fair value of assets at beginning of year	213,699	219,905
Actual return on assets	27,064	6,817
Employer contributions	144
Rollins 401(k) funding	(11,049)
Fair value of plan assets at end of year	23,603	213,699	$ 219,905
Funded status	$ 20,785	$ 5,274

EMPLOYEE BENEFIT PLANS (Detai_2

EMPLOYEE BENEFIT PLANS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Employee Benefit Plans
Benefit plan assets	$ 21,565
Prepaid pension		5,274
Long-term accrued liabilities	$ 780

EMPLOYEE BENEFIT PLANS (Detai_3

EMPLOYEE BENEFIT PLANS (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Employee Benefit Plans
Net Actuarial Loss	$ 912	$ 76,362

EMPLOYEE BENEFIT PLANS (Detai_4

EMPLOYEE BENEFIT PLANS (Details 4)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ACCUMULATED BENEFIT OBLIGATION
Discount rate	3.65%	4.00%	4.00%
NET BENEFIT COST
Discount rate	4.70%	4.05%	4.45%
Expected return on plan assets	7.00%	7.00%	7.00%

EMPLOYEE BENEFIT PLANS (Detai_5

EMPLOYEE BENEFIT PLANS (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Benefit Plans
Service cost		$ 37	$ 58
Interest cost	4,805	7,926	8,493
Expected return on plan assets	(6,149)	(13,775)	(13,368)
Amortization of net loss	2,396	3,292	3,322
Preliminary net periodic benefit cost/(income)	1,052	(2,520)	(1,495)
Settlement expense	46,419		53
Net periodic benefit cost/(income)	$ 47,471	$ (2,520)	$ (1,442)

EMPLOYEE BENEFIT PLANS (Detai_6

EMPLOYEE BENEFIT PLANS (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Employee Benefit Plans
Pretax (income)/loss	$ (26,634)	$ 18,056	$ (15,597)
Amortization of net loss	(2,396)	(3,292)	(3,322)
Settlement expense	(46,419)		(53)
Total recognized in other comprehensive income	$ (75,449)	$ 14,764	$ (18,972)

EMPLOYEE BENEFIT PLANS (Detai_7

EMPLOYEE BENEFIT PLANS (Details 7)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		100.00%	100.00%
Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	100.00%
Cash and Cash Equivalents [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		72.30%	3.50%
Cash and Cash Equivalents [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Cash and Cash Equivalents [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	100.00%
Common Stock [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		0.00%	0.40%
Common Stock [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Common Stock [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	40.00%
Domestic equity - all other [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		3.80%	0.70%
Domestic equity - all other [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Domestic equity - all other [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	40.00%
International equity [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		1.90%	0.20%
International equity [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
International equity [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	30.00%
Fixed Income Funds [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		2.10%	91.10%
Fixed Income Funds [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Fixed Income Funds [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	100.00%
Real Estate [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		9.50%	2.00%
Real Estate [Member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Real Estate [Member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	20.00%
Alternative/Opportunistic/Special [member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Percentage of plan assets		10.40%	2.10%
Alternative/Opportunistic/Special [member] | Minimum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	0.00%
Alternative/Opportunistic/Special [member] | Maximum [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Target allocation	20.00%

EMPLOYEE BENEFIT PLANS (Detai_8

EMPLOYEE BENEFIT PLANS (Details 8) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets		$ 23,603	$ 213,699	$ 219,905
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets		17,071	179,269
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets		1,835	1,626
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets		4,697	32,804
Cash and Cash Equivalents [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[1]	17,071	7,438
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[1]	17,071	7,438
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[1]
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[1]
Fixed Income Funds [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[2]	499	194,749
Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[2]		170,249
Fixed Income Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[2]	499	474
Fixed Income Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[2]		24,026
Domestic equity - all other [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets		899	789
Domestic equity - all other [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets
Domestic equity - all other [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets		899	789
Domestic equity - all other [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets
International equity [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[3]	437	363
International equity [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[3]
International equity [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[3]	437	363
International equity [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[3]
Real Estate [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[4]	2,235	4,204
Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[4]
Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[4]
Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[4]	2,235	4,204
Alternative/Opportunistic/Special [member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[5]	2,462	4,574
Alternative/Opportunistic/Special [member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[5]
Alternative/Opportunistic/Special [member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[5]
Alternative/Opportunistic/Special [member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets	[5]	$ 2,462	4,574
Common Stock [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets			1,582
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets			1,582
Common Stock [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets
Common Stock [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan, Plan Assets, Category [Line Items]
Pension plan assets
[1]	Cash and cash equivalents, which are used to pay benefits and plan administrative expenses, are held in Rule 2a-7 money market funds.
[2]	Fixed income securities are primarily valued using a market approach with inputs that include broker quotes, benchmark yields, base spreads and reported trades.
[3]	International equity securities are valued using a market approach based on the quoted market prices of identical instruments in their respective markets.
[4]	Real estate fund values are primarily reported by the fund manager and are based on valuation of the underlying investments, which include inputs such as cost, discounted future cash flows, independent appraisals and market based comparable data.
[5]	Alternative/Opportunistic/Special funds can invest across the capital structure in both liquid and illiquid securities that are valued using a market approach based on the quoted market prices of identical instruments, or if no market price is available, instruments will be held at their fair market value (which may be cost) as reasonably determined by the investment manager, independent dealers, or pricing services.

EMPLOYEE BENEFIT PLANS (Detai_9

EMPLOYEE BENEFIT PLANS (Details 9) $ in Thousands	Dec. 31, 2019USD ($)
Employee Benefit Plans
2020	$ 69
2021	76
2022	84
2023	90
2024	110
Thereafter	694
Total	$ 1,123

EMPLOYEE BENEFIT PLANS (Deta_10

EMPLOYEE BENEFIT PLANS (Details 10) $ in Thousands	Dec. 31, 2019USD ($)
Employee Benefit Plans
2020	$ 108
2021	1,550
2022	1,665
2023	1,906
2024	2,417
Total	$ 7,646

EMPLOYEE BENEFIT PLANS (Deta_11

EMPLOYEE BENEFIT PLANS (Details 11) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Deferred compensation assets	$ 22,229	$ 18,415
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Deferred compensation assets	71	148
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Deferred compensation assets
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Deferred compensation assets	$ 22,158	$ 18,267

EMPLOYEE BENEFIT PLANS (Deta_12

EMPLOYEE BENEFIT PLANS (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)FranchiseInsurancePolicies	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Employee Benefit Plans
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	$ 75,400	$ (14,800)	$ 19,000
Changes in pension liability (charged) credited to other comprehensive income (loss)	$ (75,400)	14,800	(19,000)
Market value of Common Stock of company included in Plan Assets		1,600
Requisite service period for full-time employees to participate in contribution plan	3 months
Period of service after which the non-full time employees are eligible to participate in defined contribution plan	1 year
Requisite service hours for non full-time employees to participate in contribution plan	1000 hours
Employer's matching contribution on each dollar for the first 6 percent of participant's contribution | Franchise	50
Participant's contribution to the plan, eligible for employer's matching contribution of fifty cents | Franchise	1
Maximum percentage of participant contributions eligible for employer contribution match towards defined contribution plan	6.00%
Company contributions to defined contribution plan	$ 25,500	$ 21,100	$ 11,000
Percentage of Rollins, Inc. Common Stock to plan assets	30.80%	41.70%	38.80%
Administrative fees paid (less than)	$ 100	$ 100	$ 100
Maximum percentage of base salary to be deferred	50.00%
Maximum percentage of annual bonus to be deferred	85.00%
Minimum deferral amount per plan year	$ 2,000
Number of life insurance policies | InsurancePolicies	71
Life insurance policies, net face value	$ 47,400
Cash surrender value of life insurance policies	22,000	18,300
Total expense (income) related to deferred compensation	250,000	180,000	$ 230,000
Deferred compensation liability	$ 21,200	$ 17,500

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - Time Lapse Restricted Shares Issued 2004 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 14,159	$ 13,726	$ 12,399
Tax benefit	(3,597)	(3,486)	(4,799)
Restricted stock expense, net of tax	$ 10,562	$ 10,240	$ 7,600

STOCK-BASED COMPENSATION (Det_2

STOCK-BASED COMPENSATION (Details 2) - Time Lapse Restricted Shares Issued 2004 [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested as of December 31, 2016	2,724,000	3,026,000	3,392,000
Unvested (in dollar per share)	$ 21.08	$ 16.33	$ 13.47
Forfeited	(98,000)	(35,000)	(51,000)
Forfeited (in dollar per share)	$ 24.61	$ 19.05	$ 14.92
Vested	(800,000)	(910,000)	(1,018,000)
Vested (in dollars per share)	$ 17.39	$ 13.24	$ 11.47
Granted	484,000	643,000	703,000
Granted (in dollars per share)	$ 38.40	$ 32.25	$ 22.97
Unvested as of December 31, 2019	2,310,000	2,724,000	3,026,000
Unvested (in dollar per share)	$ 25.84	$ 21.08	$ 16.33

STOCK-BASED COMPENSATION (Det_3

STOCK-BASED COMPENSATION (Details Narrative) - Time Lapse Restricted Shares Issued 2004 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting increment, starting with the second anniversary, over six years	20.00%
Award vesting period	6 years
Shares issued during the period (in shares)	500	600	700
Common stock reserved for issuance upon exercise of stock options (in shares)	5,500
Unrecognized compensation cost	$ 41,300	$ 39,200
Unrecognized compensation cost, period for recognition	4 years	4 years 1 month 6 days

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 711,908	$ 653,924	$ 568,545
Change during 2019:
Other comprehensive earnings/(loss)	49,969	(25,122)	24,119
Ending Balance	815,750	711,908	653,924
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance
Change during 2019:
Before-tax amount	(277)
Tax expense
Other comprehensive earnings/(loss)	(277)
Ending Balance	(277)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(46,091)	(35,041)	(49,200)
Change during 2019:
Before-tax amount	75,449	(14,812)	18,980
Tax expense	(29,553)	3,762	(4,821)
Other comprehensive earnings/(loss)	45,896	(11,050)	14,159
Ending Balance	(195)	(46,091)	(35,041)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(24,987)	(10,915)	(20,875)
Change during 2019:
Before-tax amount	4,350	(14,072)	9,960
Tax expense
Other comprehensive earnings/(loss)	4,350	(14,072)	9,960
Ending Balance	(20,637)	(24,987)	(10,915)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(71,078)	(45,956)	(70,075)
Change during 2019:
Before-tax amount	79,552	(28,884)	28,940
Tax expense	(29,553)	3,762	(4,821)
Other comprehensive earnings/(loss)	49,969	(25,122)	24,119
Ending Balance	$ (21,109)	$ (71,078)	$ (45,956)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
R P C Inc [Member]
Repurchase Agreement Counterparty [Line Items]
Notice period for termination of service agreement	6 months
Administrative services and rent income	$ 100	$ 100	$ 100
L O R Inc [Member]
Repurchase Agreement Counterparty [Line Items]
Administrative services and rent income	800	900	1,000
P I A L L C [Member]
Repurchase Agreement Counterparty [Line Items]
Administrative services and rent income	$ 900	$ 700	$ 800
Lease termination period	30 days
Percent of use of aircraft by the company	1

UNAUDITED QUARTERLY DATA (Detai

UNAUDITED QUARTERLY DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 505,985	$ 556,466	$ 523,957	$ 429,069	$ 444,623	$ 487,739	$ 480,461	$ 408,742	$ 2,015,477	$ 1,821,565	$ 1,673,957
Gross profit (Revenues less cost of services provided)	251,701	287,748	270,624	211,811	223,389	251,452	249,689	202,599
Net Income	$ 50,762	$ 44,064	$ 64,295	$ 44,226	$ 50,968	$ 66,628	$ 65,542	$ 48,525	$ 203,347	$ 231,663	$ 179,124
Income per share:
Income per share-Basic	$ 0.16	$ 0.13	$ 0.20	$ 0.14	$ 0.16	$ 0.20	$ 0.20	$ 0.15	$ 0.62	$ 0.71	$ 0.55
Income per share-Diluted	$ 0.16	$ 0.13	$ 0.20	$ 0.14	$ 0.16	$ 0.20	$ 0.20	$ 0.15	$ 0.62	$ 0.71	$ 0.55

CASH DIVIDEND (Details Narrativ

CASH DIVIDEND (Details Narrative)	Oct. 22, 2019$ / shares	Feb. 28, 2020$ / shares
Subsequent Event [Line Items]
Dividend declared (in dollars per share)	$ 0.105
Special year-end dividend (in dollars per share)	$ 0.05
Subsequent Event [Member]
Subsequent Event [Line Items]
Increase in quarterly dividend		0.143
Dividend declared (in dollars per share)		$ 0.12

SCHEDULE II-VALUATION AND QUA_2

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS (Details) - SEC Schedule, 12-09, Allowance, Credit Loss [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Beginning Balance	$ 16,666	$ 14,706	$ 14,600
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Cost and Expense	15,145	13,606	10,455
Net (Deductions) Recoveries	(12,153)	(11,646)	(10,349)
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance	$ 19,658	$ 16,666	$ 14,706