LEASES

The Corporation conducts a portion of its operations from leased facilities, which include manufacturing and service facilities, administrative offices, and warehouses. In addition, the Corporation leases vehicles, machinery, and office equipment under operating leases. Our leases have remaining lease terms of 1 year to 25 years, some of which include options for renewals, escalations, or terminations.

The components of lease expense were as follows:



	Three Months Ended
(In thousands)	March 31, 2019
Operating lease cost	$	8,212

Finance lease cost:
Amortization of right-of-use assets	$	197
Interest on lease liabilities	128
Total finance lease cost	$	325

Supplemental cash flow information related to leases was as follows:



	Three Months Ended
(In thousands)	March 31, 2019
Cash used for operating activities:
Operating cash flows from operating leases	$	(7,764	)
Operating cash flows from finance leases	(127		)

Supplemental balance sheet information related to leases was as follows:



(In thousands, except lease term and discount rate)	As of March 31, 2019
Operating Leases
Operating lease right-of-use assets, net	$	138,525

Other current liabilities	$	21,835
Long-term operating lease liability	124,014
Total operating lease liabilities	$	145,849

Finance Leases
Property, plant, and equipment	$	15,561
Accumulated depreciation	(4,755		)
Property, plant, and equipment, net	$	10,806

Other current liabilities	$	761
Other liabilities	11,646
Total finance lease liabilities	$	12,407

Weighted average remaining lease term
Operating leases	8.3 years
Finance leases	10.4 years
Weighted average discount rate
Operating leases	3.85		%
Finance leases	4.05		%

Maturities of lease liabilities were as follows:



	As of March 31, 2019
(In thousands)	Operating Leases			Finance Leases
2019	$	21,905		$	984
2020	27,375			1,342
2021	24,422			1,375
2022	18,215			1,410
2023	16,188			1,445
Thereafter	63,870			8,783
Total lease payments	$	171,975		$	15,339
Less: imputed interest	(26,126		)	(2,932		)
Total	$	145,849		$	12,407

In November 2018, the Corporation entered into a build-to-suit lease of approximately $27 million for the construction of a new facility for DRG in Charleston, South Carolina. The lease has not been reflected in the Corporation’s condensed consolidated financial statements as of March 31, 2019 as the Corporation has not yet obtained the right to control the use of the facility.