Leases (Tables)

3 Months Ended

Mar. 31, 2019

The table below presents the lease-related assets and liabilities recorded on the balance sheet:



(In thousands)	Classification in the Condensed Consolidated Balance Sheet	March 31, 2019
Operating lease right-of-use assets	Miscellaneous assets	$	35,955
Current operating lease liabilities	Accrued expenses and other	6,594
Noncurrent operating lease liabilities	Other	34,939
Total operating lease liabilities		$	41,533

Operating Lease Costs

The total lease cost for operating leases included in Selling, general and administrative costs in our Condensed Consolidated Statement of Operations was as follows:



	For the Quarter Ended
(In thousands)	March 31, 2019
Operating lease cost	$	2,239
Short term and variable lease cost	460
Total lease cost	$	2,699

The table below presents additional information regarding operating leases:



	For the Quarter Ended
(In thousands, except lease term and discount rate)	March 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	2,197
Right-of-use assets obtained in exchange for operating lease liabilities⁽¹⁾	$	37,863
Weighted-average remaining lease term	7.3 years
Weighted-average discount rate	5.41		%

⁽¹⁾ Amounts for the quarter ended March 31, 2019, include the transition adjustment resulting from the adoption of ASU 2016-02 as discussed in Note 2.

Operating Lease Liability Maturity

Maturities of lease liabilities on an annual basis for the Company's operating leases as of March 31, 2019, were as follows:



(In thousands)	Amount
2019 (9 months ending December 29, 2019)	$	6,242
2020	7,682
2021	6,829
2022	6,261
2023	5,474
Later Years	18,158
Total lease payments	$	50,646
Less: Interest	(9,113		)
Present value of lease liabilities	$	41,533

Cash Flows To Be Received

The building rental revenue was as follows:



	For the Quarter Ended
(In thousands)	March 31, 2019
Building rental revenue ⁽¹⁾	$	7,639

⁽¹⁾ Building rental revenue includes approximately $2.9 million of sublease income for the quarter ended March 31, 2019.

Maturities of lease payments to be received on an annual basis for the Company's office space operating leases as of March 31, 2019, were as follows:



(In thousands)	Amount
2019 (9 months ending December 29, 2019)	$	21,792
2020	32,214
2021	32,231
2022	32,226
2023	19,301
Later Years	142,057
Total building rental revenue from operating leases	$	279,821