Leases (Tables)

9 Months Ended

Sep. 30, 2019

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



Supplemental Cash Flows Information	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance leases	$	184
Operating cash flows from operating leases	16,506
Financing cash flows from finance leases	2,520
Right-of-use assets obtained in exchange for new operating lease liabilities	$	8,677

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

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



	Financial Statement Line Item	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Lease cost:
Finance lease cost
Amortization of right-of-use assets	Depreciation and amortization	$	360	$	1,043
Interest expense	Interest expense	75		184
Operating lease cost	Cost of sales and selling, general and administrative expense	3,461		10,294
Short-term lease cost ⁽¹⁾	Cost of sales and selling, general and administrative expense	131		342
Total lease cost		$	4,027	$	11,863

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

Assets and Liabilities, Lessee

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



	Financial Statement Line Item	September 30, 2019
Lease assets and liabilities:
Assets
Operating lease assets	Operating lease right-of-use assets	$	67,885
Finance lease assets	Property, plant and equipment, net	14,268
Total lease assets		$	82,153

Liabilities
Current liabilities
Operating lease liabilities	Current portion of operating lease liabilities	$	7,047
Finance lease liabilities	Other current liabilities	2,839
Non-current liabilities
Operating lease liabilities	Operating lease liabilities, net of current portion	68,479
Finance lease liabilities	Other non-current liabilities	9,268
Total lease liabilities		$	87,633

Lessee, Operating Lease, Liability, Maturity

The maturities of lease liabilities greater than twelve months as of September 30, 2019, is as follows:



	Operating Leases		Finance Leases
2019 ⁽¹⁾	$	3,506	$	881
2020	12,106		3,106
2021	11,218		3,095
2022	10,927		2,880
2023	9,384		1,991
Thereafter	65,383		896
Total future minimum lease payments	112,524		12,849
Less: imputed interest	36,998		742
Total lease liabilities	$	75,526	$	12,107


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

Finance Lease, Liability, Maturity

The maturities of lease liabilities greater than twelve months as of September 30, 2019, is as follows:



	Operating Leases		Finance Leases
2019 ⁽¹⁾	$	3,506	$	881
2020	12,106		3,106
2021	11,218		3,095
2022	10,927		2,880
2023	9,384		1,991
Thereafter	65,383		896
Total future minimum lease payments	112,524		12,849
Less: imputed interest	36,998		742
Total lease liabilities	$	75,526	$	12,107


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

Schedule of Future Minimum Rental Payments for Operating Leases

The following table presents 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

Operating Leases

Finance Leases

Weighted-average remaining lease term (years)

Weighted-average discount rate