LEASES

6 Months Ended

Jun. 30, 2020

LEASES

LEASES

14.    LEASES

The Company has operating leases for office space, manufacturing equipment, computer equipment and automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for a long-term period, and some leases include options to terminate the leases within 30 days. In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for capital area maintenance, utilities, inflation and/or changes in other indexes.

Short term and variable lease expense were not material in any of the periods presented.

Supplemental cash flow information related to the Company’s operating leases for the six month period ended June 30, 2020 and 2019 was as follows (in thousands):

	Six months ended
	June 30,
	2020		2019
Cash paid for amounts included in the measurement of operating leases	$	2,126	$	2,069
ROU assets obtained in exchange for operating lease obligations	$	1,797	$	185
ROU assets recorded upon adoption of ASC 842	$	—	$	20,344
ROU assets obtained in acquisitions (Note 2)	$	2,735	$	—

The following table presents the maturity of the Company’s operating lease liabilities as of June 30, 2020 (in thousands):

2020	$	2,324
2021		4,181
2022		3,372
2023		2,688
2024		2,178
2025		2,051
Thereafter		4,413
Total undiscounted cash flows	$	21,207
Less: present value discount		(1,720)
Total lease liabilities	$	19,487

As of June 30, 2020, the Company had no additional significant operating or finance leases that had not yet commenced.