Leases Leases (Notes)

3 Months Ended

Mar. 31, 2019

The Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term.

The components of lease expense are as follows (dollars in thousands):



	Three Months Ended March 31, 2019
Operating lease cost	$	2,470
Short-term, variable and other lease costs	600
Total lease cost	$	3,070

Maturities of lease liabilities are as follows (dollars in thousands):



Year ended December 31,	Operating Leases^(a)
2019 (excluding the three months ended March 31, 2019)	$	7,310
2020	9,060
2021	7,440
2022	4,920
2023	4,000
Thereafter	12,450
Total lease payments	45,180
Less: Imputed interest	(6,550		)
Present value of lease liabilities	$	38,630

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^(a)	The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in Accrued liabilities and Other long-term liabilities in the accompanying consolidated balance sheet.

The weighted-average remaining lease term of the Company's operating leases as of March 31, 2019 is approximately 6.4 years. The weighted-average discount rate as of March 31, 2019 is approximately 5.0%.

Cash paid for amounts included in the measurement of operating lease liabilities during the three months ended March 31, 2019 was approximately $2.5 million and is included in cash flows provided by operating activities in the consolidated statement of cash flows.

Right-of-use assets obtained in exchange for lease liabilities during the three months ended March 31, 2019 was approximately $0.1 million.