Leases

12 Months Ended

Dec. 31, 2019

Leases

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.

The components of operating lease expense are as follows:


In thousands	Year Ended December 31, 2019
Operating lease cost	$	23,221
Variable lease cost	2,103
Total operating lease cost	$	25,324

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


In thousands	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	19,899
Right-of-use assets obtained in exchange for operating lease liabilities	23,511

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


In thousands	December 31, 2019
Operating lease right-of-use assets, net	$	79,773

Other current liabilities	17,049
Operating lease liabilities	68,919
Total operating lease liability	$	85,968
Weighted average remaining lease term - Operating leases	5.9 years
Weighted average discount rate - Operating leases	4.9		%

Remaining maturities of operating lease liabilities as of December 31, 2019 are as follows:


In thousands	December 31, 2019
2020	$	19,747
2021	16,740
2022	14,351
2023	13,700
2024	12,170
Thereafter	22,572
Total lease payments	99,280
Less: imputed interest	(13,312)
Total operating lease liability	$	85,968

Operating lease rental expense for factories, service and distribution locations, office, and equipment prior to adoption of ASC 842 was as follows:


In thousands	Year Ended December 31,
	2018		2017
Rental expense	$	24,453	$	14,824

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