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LEASES
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Leases, Finance 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. Rental expenses for all operating leases amounted to $37.2 million, $38.4 million, and $37.1 million in 2019, 2018, and 2017, respectively.

Generally, the Corporation's lease contracts do not provide a readily determinable interest rate. Accordingly, the Corporation determines the incremental borrowing rate as of the lease commencement date in order to calculate the present value of its lease payments. The incremental borrowing rate is determined based on information available at the lease commencement date, including the lease term, market rates for the Corporation’s outstanding debt, as well as market rates for debt of companies with similar credit ratings.

The components of lease expense were as follows:
Year Ended
(In thousands)December 31, 2019
Operating lease cost $37,229  
Finance lease cost:
Depreciation of finance leases$812  
Interest on lease liabilities 498  
Total finance lease cost$1,310  

Supplemental cash flow information related to leases was as follows:
Year Ended
(In thousands)December 31, 2019
Cash used for operating activities:
Operating cash flows used for operating leases$(30,665) 
Operating cash flows used for finance leases(498) 
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations$36,033  

Supplemental balance sheet information related to leases was as follows:
(In thousands, except lease term and discount rate)As of December 31, 2019
Operating Leases
Operating lease right-of-use assets, net$165,490  
Other current liabilities$26,773  
Long-term operating lease liability145,124  
Total operating lease liabilities$171,897  
Finance Leases
Property, plant, and equipment$15,561  
Accumulated depreciation(5,533) 
Property, plant, and equipment, net$10,028  
Other current liabilities$807  
Other liabilities10,982  
Total finance lease liabilities$11,789  
Weighted average remaining lease term
Operating leases9.2 years
Finance leases9.7 years
Weighted average discount rate
Operating leases3.75 %
Finance leases4.05 %

Maturities of lease liabilities were as follows:
As of December 31, 2019
(In thousands)Operating LeasesFinance Leases
2020$32,528  $1,342  
202129,729  1,375  
202223,432  1,410  
202321,168  1,445  
202418,640  1,481  
Thereafter79,982  7,411  
Total lease payments205,479  14,464  
Less: imputed interest(33,582) (2,675) 
Total$171,897  $11,789  

As of December 31, 2018, the approximate future minimum rental commitments under operating leases that had initial or remaining non-cancelable lease terms in excess of one year were as follows:

(In thousands)Rental Commitments
2019$29,562  
202028,514  
202124,501  
202219,996  
202319,778  
Thereafter93,974  
Total$216,325  
Leases, Operating 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. Rental expenses for all operating leases amounted to $37.2 million, $38.4 million, and $37.1 million in 2019, 2018, and 2017, respectively.

Generally, the Corporation's lease contracts do not provide a readily determinable interest rate. Accordingly, the Corporation determines the incremental borrowing rate as of the lease commencement date in order to calculate the present value of its lease payments. The incremental borrowing rate is determined based on information available at the lease commencement date, including the lease term, market rates for the Corporation’s outstanding debt, as well as market rates for debt of companies with similar credit ratings.

The components of lease expense were as follows:
Year Ended
(In thousands)December 31, 2019
Operating lease cost $37,229  
Finance lease cost:
Depreciation of finance leases$812  
Interest on lease liabilities 498  
Total finance lease cost$1,310  

Supplemental cash flow information related to leases was as follows:
Year Ended
(In thousands)December 31, 2019
Cash used for operating activities:
Operating cash flows used for operating leases$(30,665) 
Operating cash flows used for finance leases(498) 
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations$36,033  

Supplemental balance sheet information related to leases was as follows:
(In thousands, except lease term and discount rate)As of December 31, 2019
Operating Leases
Operating lease right-of-use assets, net$165,490  
Other current liabilities$26,773  
Long-term operating lease liability145,124  
Total operating lease liabilities$171,897  
Finance Leases
Property, plant, and equipment$15,561  
Accumulated depreciation(5,533) 
Property, plant, and equipment, net$10,028  
Other current liabilities$807  
Other liabilities10,982  
Total finance lease liabilities$11,789  
Weighted average remaining lease term
Operating leases9.2 years
Finance leases9.7 years
Weighted average discount rate
Operating leases3.75 %
Finance leases4.05 %

Maturities of lease liabilities were as follows:
As of December 31, 2019
(In thousands)Operating LeasesFinance Leases
2020$32,528  $1,342  
202129,729  1,375  
202223,432  1,410  
202321,168  1,445  
202418,640  1,481  
Thereafter79,982  7,411  
Total lease payments205,479  14,464  
Less: imputed interest(33,582) (2,675) 
Total$171,897  $11,789  

As of December 31, 2018, the approximate future minimum rental commitments under operating leases that had initial or remaining non-cancelable lease terms in excess of one year were as follows:

(In thousands)Rental Commitments
2019$29,562  
202028,514  
202124,501  
202219,996  
202319,778  
Thereafter93,974  
Total$216,325