Leases

9 Months Ended

Sep. 30, 2020

10.

LEASES

The Company leases office space, storage warehouses and certain plant equipment under various operating leases. The Company’s operating leases have remaining lease terms of 1 year to 8 years. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

For the nine months ended September 30, 2020 and September 30, 2019, total operating lease expense was $6.3 million and $6.3 million, respectively. The weighted average remaining lease term at September 30, 2020 and December 31, 2019 was 5.7 years and 6.5 years, respectively. The weighted average discount rate at September 30, 2020 and December 31, 2019 was 3.51% and 3.66%, respectively.

The following table includes supplemental cash flow information for the nine months ended September 30, 2020 and September 30, 2019 and supplemental balance sheet information at September 30, 2020 and December 31, 2019 related to operating leases (in thousands):


	Nine Months Ended
Supplemental cash flow information	September 30, 2020		September 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	6,506	$	6,356
Operating ROU assets obtained in exchange for lease liabilities	$	2,254	$	855


Supplemental balance sheet information	September 30, 2020		December 31, 2019
Operating lease ROU assets	$	37,056	$	40,049

Operating lease liabilities:
Accrued expenses and other current liabilities	$	7,961	$	7,079
Operating lease liabilities		30,182		34,242

Total operating lease liabilities	$	38,143	$	41,321

The following table summarizes maturities of operating lease liabilities at September 30, 2020 (in thousands):


Maturities of operating lease liabilities
2020	$	2,301
2021		9,024
2022		7,155
2023		6,553
2024		6,224
Thereafter		11,078

Total lease payments		42,335
Less imputed interest		(4,192	)

Total operating lease liabilities	$	38,143