Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of leases

During 2019, we entered into $12.1 million of new operating lease liabilities in exchange for leased assets.

Lease Term and Discount Rate	December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	8.5
Finance leases	3.7
Weighted-average discount rate
Operating leases	4.8	%
Finance leases	4.5	%

Leases consisted of the following:

(In thousands)	Balance Sheet Classification	December 31, 2019
Assets:
Operating	Operating lease assets	$	32,009
Finance	Property, plant and equipment, net	1,135
Total lease assets		$	33,144
Liabilities:
Current:
Operating	Accrued liabilities	$	6,105
Finance	Current debt	287
Noncurrent:
Operating	Noncurrent operating lease liabilities	$	26,946
Finance	Long-term debt, less current portion	829
Total lease liabilities		$	34,167

Maturity of lease liabilities, finance leases

The maturity of lease liabilities as of December 31, 2019 is as follows:

(In thousands)	Operating Leases		Finance Leases		Total
2020	$	7,528	$	330	$	7,858
2021	5,932		329		6,261
2022	4,351		329		4,680
2023	3,199		221		3,420
2024	2,760		—		2,760
Thereafter	17,165		—		17,165
Total lease payments	40,935		1,209		42,144
Less: Interest	7,884		93		7,977
Present value of lease liabilities	$	33,051	$	1,116	$	34,167

Maturity of lease liabilities, operating leases

The maturity of lease liabilities as of December 31, 2019 is as follows:

(In thousands)	Operating Leases		Finance Leases		Total
2020	$	7,528	$	330	$	7,858
2021	5,932		329		6,261
2022	4,351		329		4,680
2023	3,199		221		3,420
2024	2,760		—		2,760
Thereafter	17,165		—		17,165
Total lease payments	40,935		1,209		42,144
Less: Interest	7,884		93		7,977
Present value of lease liabilities	$	33,051	$	1,116	$	34,167

Maturity of lease liabilities, non-cancelable operating leases

Future minimum payments under capital leases were not significant.

(In thousands)
2019	$	9,112
2020	5,707
2021	4,630
2022	3,816
2023	3,144
Thereafter	4,507
	$	30,916