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LEASE COMMITMENTS
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
LEASE COMMITMENTS LEASE COMMITMENTS
We lease certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2034. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the years ended December 31, 2020 and 2019 were as follows:
Year Ended December 31,20202019
Operating lease cost$23,968 $23,410 
Finance lease cost:
Amortization of right-of-use assets$3,982 $4,217 
Interest on lease liabilities1,414 1,353 
Total finance lease cost$5,396 $5,570 
Short-term lease and variable lease costs$9,421 $8,629 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$23,484 $21,872 
Operating cash flows from finance leases1,372 1,245 
Financing cash flows from finance leases4,436 4,730 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$24,477 $15,226 
Finance leases3,642 15,957 
Supplemental balance sheet information related to leases was as follows:
December 31,
2020		December 31,
2019
Operating Leases
Operating lease right-of-use assets$69,845 $72,377 
Accounts payable, accrued and other liabilities$18,804 $16,578 
Operating lease liabilities52,212 55,276 
Total operating lease liabilities$71,016 $71,854 
Finance Leases
Property, plant and equipment, gross$49,760 $47,020 
Accumulated depreciation(7,258)(4,271)
Property, plant and equipment, net$42,502 $42,749 
Current maturities of long-term obligations, net of unamortized debt issuance cost$4,258 $4,318 
Long-term obligations, net of unamortized debt issuance cost25,767 25,634 
Total finance lease liabilities$30,025 $29,952 
Weighted Average Remaining Lease Term (in years)
Operating leases5.06.1
Finance leases7.27.0
Weighted Average Discount Rate
Operating leases4.21 %5.05 %
Finance leases4.85 %5.13 %
Maturities of lease liabilities as of December 31, 2020, were as follows:
Operating
Leases		Finance
Leases
Year 1$21,351 $5,542 
Year 218,278 4,378 
Year 310,999 3,509 
Year 47,844 2,973 
Year 56,388 2,918 
Thereafter14,880 18,080 
Total lease payments79,740 37,400 
Less imputed interest(8,724)(7,375)
Total$71,016 $30,025 
As of December 31, 2020, we have additional operating leases that have not yet commenced of $0.1 million and no finance leases that have not yet commenced. These operating leases will commence in 2021 with lease terms of 3 to 4 years.
LEASE COMMITMENTS LEASE COMMITMENTS
We lease certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2034. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.
Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).
The components of lease expense for the years ended December 31, 2020 and 2019 were as follows:
Year Ended December 31,20202019
Operating lease cost$23,968 $23,410 
Finance lease cost:
Amortization of right-of-use assets$3,982 $4,217 
Interest on lease liabilities1,414 1,353 
Total finance lease cost$5,396 $5,570 
Short-term lease and variable lease costs$9,421 $8,629 
Supplemental cash flow information related to leases was as follows:
Year Ended December 31,20202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$23,484 $21,872 
Operating cash flows from finance leases1,372 1,245 
Financing cash flows from finance leases4,436 4,730 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$24,477 $15,226 
Finance leases3,642 15,957 
Supplemental balance sheet information related to leases was as follows:
December 31,
2020		December 31,
2019
Operating Leases
Operating lease right-of-use assets$69,845 $72,377 
Accounts payable, accrued and other liabilities$18,804 $16,578 
Operating lease liabilities52,212 55,276 
Total operating lease liabilities$71,016 $71,854 
Finance Leases
Property, plant and equipment, gross$49,760 $47,020 
Accumulated depreciation(7,258)(4,271)
Property, plant and equipment, net$42,502 $42,749 
Current maturities of long-term obligations, net of unamortized debt issuance cost$4,258 $4,318 
Long-term obligations, net of unamortized debt issuance cost25,767 25,634 
Total finance lease liabilities$30,025 $29,952 
Weighted Average Remaining Lease Term (in years)
Operating leases5.06.1
Finance leases7.27.0
Weighted Average Discount Rate
Operating leases4.21 %5.05 %
Finance leases4.85 %5.13 %
Maturities of lease liabilities as of December 31, 2020, were as follows:
Operating
Leases		Finance
Leases
Year 1$21,351 $5,542 
Year 218,278 4,378 
Year 310,999 3,509 
Year 47,844 2,973 
Year 56,388 2,918 
Thereafter14,880 18,080 
Total lease payments79,740 37,400 
Less imputed interest(8,724)(7,375)
Total$71,016 $30,025 
As of December 31, 2020, we have additional operating leases that have not yet commenced of $0.1 million and no finance leases that have not yet commenced. These operating leases will commence in 2021 with lease terms of 3 to 4 years.