Leases

3 Months Ended

Mar. 31, 2019

Note 11 – Leases

The Company has operating leases for office, manufacturing and research and development facilities, as well as leases for the ground with which certain manufacturing facilities sit atop. We also have operating leases for office equipment and automobiles. Excluding ground leases, our leases have remaining lease terms ranging from 1 year to 8 years and may include options to extend the lease for an additional term equal to the original term of the lease. Ground operating leases have remaining lease terms that range from 30 to 45 years and some which specify that the end of the lease term is at the discretion of the lessee. We do not have lease arrangements with related parties.

Information about Gentherm’s total lease costs for the three months ended March 31, 2019 is as follows:

Three Months Ended March 31, 2019
Lease cost
Operating lease cost	$	1,333
Short-term lease cost		955
Sublease income		(13	)
Total lease cost	$	2,275
Supplemental Cash Flow Information
Gain on sale and leaseback transactions, net	$	207
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,392
Right-of-use lease assets obtained in exchange for lease obligations:
Operating leases	$	2,234
Weighted Average Remaining Lease Term
Operating leases		5.7 years
Weighted Average Discount Rate
Operating leases		5.4	%

A summary of operating leases as of March 31, 2019, under all non-cancellable operating leases with terms exceeding one year is as follows:


2019 (excluding the three-month period ended March 31, 2019)	$	4,100
2020		4,434
2021		2,598
2022		1,626
2023		934
2024 or later		2,726
Total future minimum lease payments		16,418
Less imputed interest		(2,908	)
Total		13,510