Lease Commitments (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Supplemental Balance Sheet Information

The following table presents the location and amount of lease assets and liabilities in the Condensed Consolidated Balance Sheet:

Assets	Location	March 31, 2019
Operating lease assets	Operating lease right-of-use assets	$	97,646
Finance lease assets	Property, plant and equipment	3,272
Total leased assets		$	100,918
Liabilities	Location
Current:
Operating	Accrued liabilities	$	28,142
Finance	Current portion of long-term debt and finance leases	396
Noncurrent:
Operating	Noncurrent operating leases	72,730
Finance	Long-term debt and finance leases	5,063
Total lease liabilities		$	106,331

The following table presents the weighted-average lease term and discount rates of the Company's lease obligations:

Weighted-average remaining lease term (years)	March 31, 2019
Operating leases	5.18
Finance leases	0.42
Weighted-average discount rate
Operating leases	5.13	%
Finance leases	1.31	%

Lease Cost, Supplemental Cash Flow and Other Information Related to Leases

The following table presents the location and amount of lease expense in the Condensed Consolidated Income Statement:

Lease cost	Location	Three Months Ended March 31, 2019
Operating lease cost (a)	Cost of Sales	$	9,235
Operating lease cost	Selling General & Administrative Expenses	1,382
Total operating lease cost		10,617
Amortization of finance lease assets	Cost of sales	$	55
Interest on finance lease liabilities	Interest expense	2
Total finance lease cost		57
Net lease cost		$	10,674

^(a) - Includes short-term lease costs of $1,886 and variable lease costs of $836.The following table presents the cash flow amounts related to lease liabilities included in the Company's Condensed Consolidated Statement of Cash Flows

	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(8,082	)
Operating cash flows from finance leases	55
Financing cash flows from finance leases	(197		)
Leased assets obtained in exchange for new finance lease liabilities	—
Leased assets obtained in exchange for new operating lease liabilities	36

Maturities of Operating Lease Liabilities

The following table presents the future maturities of the Company's lease obligations:

	March 31, 2019
	Operating  Leases		Finance Leases		Total
2019	$	24,395	$	396	$	24,791
2020	30,426		—		30,426
2021	17,422		5,063		22,485
2022	13,232		—		13,232
2023	9,153		—		9,153
After 2024	24,006		—		24,006
Total lease payments	118,634		5,459		124,093
Less: Interest	17,762		—		17,762
Present value of lease liabilities	$	100,872	$	5,459	$	106,331

Maturities of Financing Lease Liabilities

The following table presents the future maturities of the Company's lease obligations:

	March 31, 2019
	Operating  Leases		Finance Leases		Total
2019	$	24,395	$	396	$	24,791
2020	30,426		—		30,426
2021	17,422		5,063		22,485
2022	13,232		—		13,232
2023	9,153		—		9,153
After 2024	24,006		—		24,006
Total lease payments	118,634		5,459		124,093
Less: Interest	17,762		—		17,762
Present value of lease liabilities	$	100,872	$	5,459	$	106,331