Leases

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

Leases

The Company primarily has operating and finance leases for certain manufacturing facilities, corporate offices and certain equipment. Operating leases are included in operating lease right-of-use assets, current operating lease liabilities and long-term operating lease liabilities on the Company’s condensed consolidated balance sheet as of June 30, 2020. Finance leases are included in property, plant and equipment, net, debt payable within one year, and long-term debt on the Company’s condensed consolidated balance sheets.

The components of lease expense were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease expense	$	7,814	$	7,985	$	16,419	$	16,665
Short-term lease expense	1,065		1,132		2,075		1,811
Variable lease expense	155		319		405		534
Finance lease expense:
Amortization of right-of-use assets	671		572		1,352		1,015
Interest on lease liabilities	400		452		785		907
Total lease expense	$	10,105	$	10,460	$	21,036	$	20,932

Other information related to leases was as follows:

	Six Months Ended June 30,
	2020			2019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	15,794		$	17,071
Operating cash flows for finance leases	810			759
Financing cash flows for finance leases	1,095			442
Non-cash right-of-use assets obtained in exchange for lease obligations:
Operating leases	38,652			2,807
Finance leases	61			9,476
Weighted Average Remaining Lease Term (in years)
Operating leases	8.1			5.6
Finance leases	10.9			11.9
Weighted Average Discount Rate
Operating leases	5.3		%	4.7		%
Finance leases	6.0		%	9.7		%

Future minimum lease payments under non-cancellable leases as of June 30, 2020 were as follows:

Year	Operating Leases		Finance Leases
Remainder of 2020	$	14,345	$	1,729
2021	24,272		3,562
2022	19,161		3,320
2023	15,566		3,066
2024	12,531		3,209
Thereafter	57,402		24,108
Total future minimum lease payments	143,277		38,994
Less imputed interest	(30,165)		(10,647)
Total	$	113,112	$	28,347

Amounts recognized on the condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019 were as follows:

	June 30, 2020		December 31, 2019
Operating Leases
Assets held for sale	$	2,946	$	—
Operating lease right-of-use assets, net	110,091		83,376
Current operating lease liabilities	20,913		24,094
Liabilities held for sale	3,204		—
Long-term operating lease liabilities	88,995		60,234
Finance Leases
Debt payable within one year	2,256		2,343
Long-term debt	26,091		27,430

As of June 30, 2020 and December 31, 2019, assets recorded under finance leases, net of accumulated depreciation were $31,245 and $32,571, respectively. As of June 30, 2020, the Company’s operating leases that had not yet commenced related entirely to operating leases within held for sale subsidiaries. See Note 3. “Assets Held for Sale and Divestiture.”