Leases

We lease certain of our facilities, equipment and vehicles under non-cancelable operating and finance leases. Leases with initial terms with

months or less are

not

recorded on the condensed consolidated balance sheet, but we recognized those lease payments in the condensed consolidated statements of operations on a straight-line basis over the lease term. Lease and non-lease components are included in the calculation of the ROU asset and lease liabilities.

Our leases have remaining lease terms of

year to

years, some of which include

one

or more options to extend the leases for up to

years. Our lease term includes renewal terms when we are reasonably certain we will exercise the renewal options.

We sublease certain leased assets to

third

parties, mainly as a result of unused space in our facilities. Supplemental balance sheet information related to leases was as follows:

(in thousands)	Classification	September 28, 2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	34,096
Finance lease assets	Property, plant and equipment, net (1)		2,482
Total lease assets		$	36,578
Liabilities
Current
Operating	Other accrued liabilities	$	5,358
Finance	Other accrued liabilities		2,528
Noncurrent
Operating	Long-term lease liabilities		29,397
Total lease liabilities		$	37,283

Weighted-average remaining lease term (years)
Operating leases			7.9
Finance leases			0.8

Weighted-average discount rate
Operating leases			6.3	%
Finance leases			4.5	%

(

)

Finance lease assets are recorded net of accumulated amortization of

$0.1

million.

The components of lease expense were as follows:

	Three Months Ended			Nine Months Ended
(in thousands)	September 28, 2019			September 28, 2019
Operating leases (1)	$	2,142		$	6,381
Variable lease expense		570			1,765
Short-term operating leases		80			224
Finance leases
Amortization of leased assets		20			82
Interest on lease liabilities		29			117
Sublease income		(31	)		(101	)
Net lease cost	$	2,810		$	8,468

(

)

Operating lease cost excludes impairment expense of

$0.2

million related to the write-down of the Fontana facility right-of-use asset.

Future minimum lease payments at

September 28, 2019,

are as follows:

	Operating			Finance
(in thousands)	leases (1)			leases			Total
2019	$	1,709		$	37		$	1,746
2020		7,133			2,576			9,709
2021		5,816			-			5,816
2022		5,369			-			5,369
2023		4,940			-			4,940
Thereafter		21,007			-			21,007
Total lease payments		45,974			2,613			48,587
Less: Interest		(11,219	)		(85	)		(11,304	)
Present value of lease liabilities	$	34,755		$	2,528		$	37,283

(

)

Excludes sublease income of

$0.1

million in both

2020

and

2021.

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended
(in thousands)	September 28, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,153
Operating cash flows from finance leases	$	109
Financing cash flows from finance leases	$	25
Leased assets obtained in exchange for new operating lease liabilities	$	39,815