The Company determines whether an arrangement is or contains a lease at the inception of the arrangement. Operating leases are accounted for in other non-current assets, accrued expenses and other non-current liabilities in our consolidated balance sheets. Finance leases are included in property, plant and equipment, net, short-term debt and long-term debt (less current portion) in our consolidated balance sheets.

Right-of-use (ROU) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of the lease payments over the lease term. Since we generally do not have access to the interest rate implicit in the lease, the Company uses our incremental borrowing rate (for fully collateralized debt) at the inception of the lease in determining the present value of the lease payments. The implicit rate is, however, used where readily available. Lease expense under operating leases is recognized on a straight-line basis over the term of the lease. Certain of our leases contain both lease and non-lease components, which are accounted for separately.

The Company has operating and finance leases for office facilities, a data center and certain equipment. The remaining terms of our leases range from over one year to nine years. Certain leases include options to extend the lease term for up to ten years, as well as options to terminate both of which have been excluded from the term of the lease since exercise of these options is not reasonably certain.

Lease expense, cash flow, operating and finance lease assets and liabilities, average lease term and average discount rate are as follows:

Year Ended December 31,	2020			2019
(Dollars in thousands)
Lease Expense
Finance lease expense:
Amortization of right-of-use assets	$	1,219		$	1,691
Interest on lease liabilities		85			83
Operating lease expense		3,388			3,509
Total lease expense	$	4,692		$	5,283

Cash Flow Components
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from finance leases	$	85		$	83
Operating cash outflows from operating leases		3,621			3,463
Financing cash outflows from finance leases		960			1,230
Right-of-use assets obtained in exchange for finance lease liabilities, net of terminations and disposals		879			2,573
Right-of-use assets obtained in exchange for operating lease liabilities, net of terminations and disposals		657			18,961


Year Ended December 31,	2020			2019
(Dollars in thousands, except lease term and discount rate)
Balance Sheet Information
Operating leases:
Other non-current assets	$	13,598		$	15,201
Accrued liabilities	$	(2,868	)	$	(2,949	)
Other non-current liabilities		(11,513	)		(13,282	)
Total operating lease liabilities	$	(14,381	)	$	(16,231	)

Finance leases:
Property, plant and equipment gross	$	5,735		$	4,821
Accumulated depreciation		(3,319	)		(2,118	)
Property, plant and equipment, net	$	2,416		$	2,703
Current portion of long-term debt	$	(1,113	)	$	(1,023	)
Long-term debt (less current portion)		(2,275	)		(2,045	)
Total finance lease liabilities	$	(3,388	)	$	(3,068	)

Lease Term and Discount Rates
Weighted-average remaining lease term - finance leases (years)		3.9			4.1
Weighted-average remaining lease term - operating leases (years)		6.1			6.4
Weighted-average discount rate - finance leases		3.0	%		2.9	%
Weighted-average discount rate - operating leases		3.8	%		3.9	%

Year Ended December 31,	Amount
(Dollars in thousands)
Lease Maturities	Finance Leases			Operating Leases
2021	$	1,186		$	2,879
2022		1,080			2,870
2023		568			2,499
2024		160			2,279
2025		152			2,229
Thereafter		425			3,163
Total		3,571			15,919
Less: Imputed interest		(183	)		(1,538	)
Total lease liabilities, net of interest	$	3,388		$	14,381