Leases

6 Months Ended

Jun. 30, 2019

We lease certain factories, service and distribution locations, offices, and equipment under operating leases. Our operating leases have initial lease terms ranging from 1 to 9 years, some of which include options to extend or renew the leases for up to 10 years. Certain lease agreements contain provisions for future rent increases. Our leases do not contain material residual value guarantees and finance leases are not material.

We have not elected the short-term lease exemption. All leases with a lease term of greater than one month are included in the following tables.

The components of operating lease expense are as follows:



In thousands	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Operating lease cost	$	5,632	$	11,555
Variable lease cost	305		747
Total operating lease cost	$	5,937	$	12,302

Supplemental cash flow information related to operating leases are as follows:



In thousands	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	10,205
Right‑of‑use assets obtained in exchange for operating lease liabilities	11,570

Supplemental balance sheet information related to operating leases are as follows:



In thousands	June 30, 2019
Operating lease right-of-use assets, net	$	79,456

Other current liabilities	$	15,453
Operating lease liabilities	68,387
Total operating lease liability	$	83,840
Weighted-average remaining lease term - Operating leases	6.2 years
Weighted-average discount rate - Operating leases	5.0		%

Remaining maturities of operating lease liabilities as of June 30, 2019 are as follows:



In thousands	June 30, 2019
2019 (amount remaining at June 30, 2019)	$	8,113
2020	17,727
2021	15,518
2022	12,765
2023	12,265
Thereafter	31,690
Total lease payments	98,078
Less: Imputed interest	(14,238		)
Total operating lease liability	$	83,840

The future obligations under operating leases in effect as of December 31, 2018 as determined prior to adoption of ASC 842 are as follows:



In thousands	December 31, 2018
Less than 1 year	$	17,456
1-3 years	26,241
3-5 years	19,659
Beyond 5 years	26,703
Total operating lease liability	$	90,059