Leases (Tables)

6 Months Ended

Jun. 30, 2020

Lease Balances within the Consolidated Balance Sheet

Lease balances within our consolidated balance sheet were as follows:



(In thousands)	June 30, 2020		December 31, 2019
Assets:
Operating lease right-of-use assets	$	17,854	$	19,826
Liabilities:
Other accrued liabilities	$	5,288	$	4,903
Long-term operating lease obligations	13,121		15,639
Total lease liabilities	$	18,409	$	20,542

Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information

Operating lease expense, including variable and short-term lease costs which were insignificant to the total, operating lease cash flows and supplemental cash flow information were as follows:



(In thousands)	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2020		2019		2020		2019
Cost of sales	$	382	$	612	$	772	$	1,204
Selling, general and administrative expenses	1,020		1,156		2,018		2,288
Total operating lease expense	$	1,402	$	1,768	$	2,790	$	3,492
Operating cash outflows from operating leases	$	1,543	$	1,579	$	3,068	$	3,094
Operating lease right-of-use assets obtained in exchange for lease obligations	$	—	$	—	$	186	$	1,524

Lease Terms and Discount Rates

The weighted average remaining lease liability term and the weighted average discount rate were as follows:



	June 30, 2020		December 31, 2019
Weighted average lease liability term (in years)	3.9		4.3
Weighted average discount rate	4.42	%	4.50	%

Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities

The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at June 30, 2020. The reconciliation excludes short-term leases that are not recorded on the balance sheet.



(In thousands)	June 30, 2020
2020 (remaining 6 months)	$	2,852
2021	6,242
2022	5,240
2023	2,405
2024	1,344
Thereafter	2,042
Total lease payments	20,125
Less: imputed interest	(1,716		)
Total lease liabilities	$	18,409