LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Lease Expenses, Supplemental Cash Flow and Balance Sheet Information and Lease Term and Discount Rate



Lease term and discount rate		March 31, 2019
Weighted average remaining lease term (years)
Operating lease		5.06
Weighted average discount rate
Operating lease		7.3%

The lease expenses were as follows (in thousands):



		Three Months Ended March 31,
Lease cost	Classification	2019
Short-term lease expense	SG&A expenses^(*)	$	269
Other operating lease cost	SG&A expenses^(*)	5,832
Total operating lease cost		$	6,101
^(*) Manufacturing equipment and some vehicle rental expenses are included in the cost of sales.

Supplemental cash flow information related to leases was as follows (in thousands):



	Three Months Ended March 31,
Lease	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,513
Right-of-use assets obtained in exchange for lease liabilities
Operating leases	$	2,935

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows (in thousand):



Lease	Classification	Impact of ASC 842 Transition		Leases commenced during the quarter		Payments, amortization and terminations				As of March 31, 2019
Assets
Operating	Operating lease right-of-use assets	$	72,679	$	2,935	$	(4,763	)		$	70,851

Liabilities
Current operating	Short-term operating lease liabilities	18,762		678		(1,780		)	^(*)	17,660
Non-current operating	Long-term operating lease liabilities	53,654		2,256		(2,917		)		52,993
Total operating lease liabilities		$	72,416	$	2,934	$	(4,697	)		$	70,653

Note: As most of our leases do not provide an implicit rate, we use our incremental borrowing rate associated with secured debt based on the information available at the commencement date in determining the present value of lease payments for leases commenced on or after January 1, 2019. We used our incremental borrowing rate as of the transition date of January 1, 2019 for operating leases that commenced prior to transition to ASC 842.

^(*) Amount is net of the reclassification of long-term liability to short-term lease liability as of March 31, 2019.

Schedule of Maturity of Lease Liabilities

Maturities of lease liabilities were as follows (in thousands):



Year Ending December 31,	Operating leases ^(*)
2019 (excluding 3 months ended 3/31/2019)	$	16,884
2020	19,360
2021	16,061
2022	12,034
2023	7,119
Thereafter	13,359
Total lease payments	$	84,817
Less: imputed interest	14,164
Present value of lease liabilities	$	70,653

Schedule of Contractual Obligations Related to Operating Leases Under ASC 840

Contractual obligations related to operating leases as of December 31, 2018, under ASC 840 (in thousands):



	Payments due by period
	Less than 1 year		1-3 years		3-5 years		More than 5 years		Total
Operating lease obligations	$	22,096	$	33,825	$	18,379	$	11,022	$	85,322