Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2019

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



Assets	Location	December 31, 2019
Operating lease assets, net	Operating lease right-of-use assets, net	$	80,752
Finance lease assets	Property, plant and equipment	4,577
Total leased assets		$	85,329
Liabilities	Location
Current:
Operating	Accrued liabilities	$	27,663
Finance	Current portion of long-term debt and finance leases	265
Noncurrent:
Operating	Noncurrent operating leases	55,371
Finance	Long-term debt and finance leases	935
Total lease liabilities		$	84,234

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



Weighted-average remaining lease term (years)	December 31, 2019
Operating leases	4.90
Finance Leases	4.26
Weighted-average discount rate
Operating leases	5.76	%
Finance Leases	5.79	%

The following table presents the cash flow amounts related to lease liabilities included in the Company's Consolidated Statement of Cash Flows



	Twelve Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	33,774
Operating cash outflows from finance leases	332
Financing cash outflows from finance leases	(605		)
Leased assets obtained in exchange for new finance lease liabilities	43
Leased assets obtained in exchange for new operating lease liabilities	342

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



Lease cost	Location	Twelve Months Ended December 31, 2019
Operating lease cost ^(a)	Cost of sales	$	36,321
Operating lease cost	Selling general & administrative expenses	5,632
Total operating lease cost		41,953

Amortization of finance lease assets	Cost of sales	$	352
Interest on finance lease liabilities	Interest expense	32
Total finance lease cost		384
Net lease cost		$	42,337

^(a) - Includes short-term lease costs of $7,328 and variable lease costs of $3,480 for the year ended December 31, 2019

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



	December 31, 2019
	Operating Leases			Finance Leases			Total
2020	$	31,397		$	322		$	31,719
2021	18,020			323			18,343
2022	13,691			311			14,002
2023	9,693			275			9,968
2024	6,236			127			6,363
After 2024	17,793			—			17,793
Total lease payments	96,830			1,358			98,188
Less: Interest	(13,796		)	(158		)	(13,954		)
Present value of lease liabilities	$	83,034		$	1,200		$	84,234

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



	December 31, 2019
	Operating Leases			Finance Leases			Total
2020	$	31,397		$	322		$	31,719
2021	18,020			323			18,343
2022	13,691			311			14,002
2023	9,693			275			9,968
2024	6,236			127			6,363
After 2024	17,793			—			17,793
Total lease payments	96,830			1,358			98,188
Less: Interest	(13,796		)	(158		)	(13,954		)
Present value of lease liabilities	$	83,034		$	1,200		$	84,234