Leases Leases (Notes)

3 Months Ended

Mar. 31, 2020

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, 2020		Three Months Ended March 31, 2019
Operating lease cost	$	1,650	$	1,520
Short-term, variable and other lease costs	310		240
Total lease cost	$	1,960	$	1,760

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



Year ended December 31,	Operating Leases^(a)
2020 (excluding the three months ended March 31, 2020)	$	5,110
2021	6,100
2022	5,340
2023	4,530
2024	3,780
Thereafter	10,790
Total lease payments	35,650
Less: Imputed interest	(5,830		)
Present value of lease liabilities	$	29,820

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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, 2020 is approximately 6.6 years. The weighted-average discount rate as of March 31, 2020 is approximately 4.9%.

Cash paid for amounts included in the measurement of operating lease liabilities was approximately $1.7 million and $1.6 million during the three months ended March 31, 2020 and 2019, respectively, 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 were approximately $2.9 million, primarily due to the acquisition of RSA, and $0.1 million during the three months ended March 31, 2020 and 2019, respectively.