Leases (Tables)

6 Months Ended

Jun. 30, 2019

The following table presents components of lease expense for the three and six months ended June 30, 2019:



	Financial Statement Line Item	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Lease cost:
Finance lease cost
Amortization of right-of-use assets	Depreciation and amortization	$	361	$	683
Interest expense	Interest expense	56		109
Operating lease cost	Cost of sales and selling, general and administrative expense	3,398		6,833
Short-term lease cost ⁽¹⁾	Cost of sales and selling, general and administrative expense	105		211
Total lease cost		$	3,920	$	7,836

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(1) Excludes expenses related to leases with a lease term of one month or less.

The following table contains supplemental information related to leases for the six months ended June 30, 2019:



Supplemental Cash Flows Information	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	109
Operating cash flows from operating leases	10,667
Financing cash flows from finance leases	1,618
Right-of-use assets obtained in exchange for new operating lease liabilities	$	2,878

As of June 30, 2019, the weighted average remaining lease term and weighted-average discount rate for finance and operating leases was as follows:



	Weighted-Average Remaining Lease Term (years)	Weighted-Average Discount Rate
Finance leases	3.9	2.4	%
Operating leases	10.1	8.2	%

Assets and Liabilities, Lessee

The following table presents the lease-related assets and liabilities recorded on the balance sheet as of June 30, 2019:



	Financial Statement Line Item	June 30, 2019
Lease assets and liabilities:
Assets
Operating lease assets	Operating lease right-of-use assets	$	65,300
Finance lease assets	Property, plant and equipment, net	13,534
Total lease assets		$	78,834

Liabilities
Current liabilities
Operating lease liabilities	Current portion of operating lease liabilities	$	7,272
Finance lease liabilities	Other current liabilities	2,331
Non-current liabilities
Operating lease liabilities	Operating lease liabilities, net of current portion	64,152
Finance lease liabilities	Other non-current liabilities	6,376
Total lease liabilities		$	80,131

Lessee, Operating Lease, Liability, Maturity

The maturities of lease liabilities in excess of twelve months as of June 30, 2019, is as follows:



	Operating Leases		Finance Leases
2019 ⁽¹⁾	$	6,612	$	1,542
2020	11,885		2,263
2021	11,025		2,249
2022	10,768		2,030
2023	9,233		1,118
Thereafter	57,127		72
Total future minimum lease payments	106,650		9,274
Less: imputed interest	35,226		567
Total lease liabilities	$	71,424	$	8,707


(1)	For the period from July 1, 2019 to December 31, 2019.

Finance Lease, Liability, Maturity

The maturities of lease liabilities in excess of twelve months as of June 30, 2019, is as follows:



	Operating Leases		Finance Leases
2019 ⁽¹⁾	$	6,612	$	1,542
2020	11,885		2,263
2021	11,025		2,249
2022	10,768		2,030
2023	9,233		1,118
Thereafter	57,127		72
Total future minimum lease payments	106,650		9,274
Less: imputed interest	35,226		567
Total lease liabilities	$	71,424	$	8,707


(1)	For the period from July 1, 2019 to December 31, 2019.

Schedule of Future Minimum Rental Payments for Operating Leases

The following table summarizes the future minimum lease payments under operating leases with initial or non-cancelable lease terms in excess of one year prior to adoption of ASC 842 as reported in the 2018 Annual Report.



Year Ending December 31,
2019	$	13,337
2020	11,515
2021	10,557
2022	10,293
2023	8,752
Thereafter	53,945
Total minimum payments	$	108,399