This study was performed by Connor Group in August 2019 to provide an overview of disclosures regarding the adoption of ASC 842 Leases made during Ql and Q2 of 2019.

This study was conducted in August 2019 based on disclosures in SEC filings of 199 companies that were analyzed using the CompanyIQ^® SEC EDGAR search tool. The population of relevant disclosures and filings were determined and retrieved via searches within CompanylQ using the following criteria:

• Companies with market capitalization between $500 million and $1 billion
• Quarterly filings between January 1, 2019 and August 15, 2019
• All industries except financial services and energy and mining
• Disclosure language includes keywords “Topic 842,” “ASU 2016-02,” “ASC 842,” or “Lease Assets”
• Note that filings that do not include the disclosure language above would not be included in the population of this study
• Information related to lessee transactions