Leases (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental statement of earnings information related to our leases is as follows (in thousands):

		Year Ended December 31,
	Statement of Earnings Classification	2020		2019
Operating lease cost	Cost of products sold	$	20,959	$	21,275
Operating lease cost	Marketing, administrative and other expenses		3,060		2,196
Total operating lease cost		$	24,019	$	23,471
Finance lease cost:
Amortization of leased assets	Cost of products sold	$	9,735	$	9,810
Interest on lease liabilities	Interest expense, net		10,551		11,335
Total finance lease cost		$	20,286	$	21,145
Total lease cost		$	44,305	$	44,616

Supplemental cash flow information related to our leases is as follows (in thousands):

	Year Ended December 31,
	2020		2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	23,836	$	23,155
Operating cash flows from finance leases	$	10,551	$	11,335
Financing cash flows from finance leases	$	9,541	$	9,134
Non-cash investing and financing activities:
Additions to right-of-use assets obtained from
Operating lease liabilities	$	21,539	$	11,941
Finance lease liabilities	$	14,373	$	11,406

Supplemental balance sheet information related to our leases is as follows (in thousands):

		December 31,
	Balance Sheet Classification	2020		2019
Assets:
Operating lease	Other assets	$	93,888	$	91,123
Finance lease	Property, plant and equipment, net		76,231		72,364
Total leased		$	170,119	$	163,487
Liabilities:
Current operating	Accrued expenses and other current liabilities	$	19,986	$	17,647
Current finance	Current portion of long-term debt and finance lease obligations		10,885		9,264
Non-current operating	Deferred credits and other liabilities		75,736		74,877
Non-current finance	Long-term debt and finance lease obligations due after one year		79,453		75,960
Total leased		$	186,060	$	177,748

Weighted-average remaining lease term and discount rate for our leases are as follows:

		December 31, 2020
Weighted-average remaining lease term - operating leases		8.6 Years
Weighted-average remaining lease term - finance leases		10.9 Years
Weighted-average discount rate - operating leases		3.5%
Weighted-average discount rate - finance leases		26.0%

Maturities of lease liabilities by year for our leases were as follows as of December 31, 2020 (in thousands):

	Operating Leases			Finance Leases
Maturities of lease liabilities, year ending December 31,
2021	$	22,731		$	20,476
2022		19,536			19,918
2023		16,019			17,957
2024		13,244			13,040
2025		9,495			11,086
Thereafter		33,039			74,362
Total lease payments	$	114,064		$	156,839
Less imputed interest		(18,342	)		(66,501	)
Present value of lease liabilities	$	95,722		$	90,338