The Company leases the majority of its office facilities as well as certain equipment, all of which are accounted for as operating leases. These leases have remaining terms ranging from less than 1 year to approximately 10 years. Some leases include options to extend the lease for up to 5 years and others include options to terminate.

The following table summarizes the components of lease cost recognized in the condensed consolidated statements of operations for the three and six months ended July 27, 2019 (dollars in thousands):



	For the Three Months Ended		For the Six Months Ended
	July 27, 2019		July 27, 2019
Lease cost under long-term operating leases	$	8,292	$	16,712
Lease cost under short-term operating leases	8,608		16,994
Variable lease cost under short-term and long-term operating leases⁽¹⁾	1,131		2,272
Total lease cost	$	18,031	$	35,978

⁽¹⁾Variable lease expense primarily includes insurance, maintenance, and other operating expenses related to the Company’s leased office facilities.

The Company’s operating lease liabilities related to long-term operating leases were $70.1 million as of July 27, 2019. Supplemental balance sheet information related to these liabilities is as follows:



	July 27, 2019
Weighted average remaining lease term	3.4 years
Weighted average discount rate	5.3	%

Supplemental cash flow information related to the Company’s long-term operating lease liabilities as of July 27, 2019 is as follows (dollars in thousands):



	For the Three Months Ended		For the Six Months Ended
	July 27, 2019		July 27, 2019
Cash paid for amounts included in the measurement of lease liabilities:	$	8,022	$	15,473
Operating lease right-of-use assets obtained in exchange for operating lease liabilities:	$	7,777	$	13,291

As of July 27, 2019, maturities of the Company’s lease liabilities under its long-term operating leases for the next five fiscal years and thereafter are as follows (dollars in thousands):



Fiscal Year	Amount
Remainder of 2020	$	15,293
2021	25,662
2022	17,417
2023	9,343
2024	5,737
Thereafter	4,613
Total lease payments	78,065
Less: imputed interest	(7,943		)
Total	$	70,122

As of July 27, 2019, the Company had additional operating leases that have not yet commenced of $1.2 million. These leases will commence during the second quarter of fiscal 2020.

As of January 26, 2019, the future minimum obligation by fiscal year for the Company’s operating leases with original noncancelable terms in excess of one year was as follows (dollars in thousands):



Fiscal Year	Amount
2020	$	28,415
2021	20,166
2022	12,919
2023	6,686
2024	4,342
Thereafter	3,675
Total	$	76,203

See Note 2, Significant Accounting Policies and Estimates, for further information on the Company’s accounting policy for leases and Note 3, Accounting Standards, for further information on the Company’s adoption of ASU 2016-02.