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)

LEASES

As previously discussed in Note

we account for our leases in accordance with the guidance in ASC

842,

which was effective for us as of

January 1, 2019.

In connection with the implementation of ASC

842,

we recorded non-cash increases in operating lease liabilities and right-of-use assets of

$5,197

and

$4,816,

respectively, as of the effective date of this guidance.

We lease our offices, warehouse facilities and certain equipment under non-cancellable operating leases which expire at various dates through

2028.

Total operating lease cost for the

three

months ended

March 31, 2019

and

2018

was

$366

and

$418,

respectively. Total short-term lease cost for the

three

months ended

March 31, 2019

and

2018

was

$13

and

$14,

respectively. The following is additional information about our leases as of

March 31, 2019:

Range of remaining lease terms (in years)	0.5	to	9.2
Weighted average remaining lease term (in years)			5.0
Weighted average discount rate			5.0	%

Supplemental cash flow information related to leases for the

three

months ended

March 31, 2019

was as follows:

Non-cash decrease in operating lease liabilities and right-of-use assets as a result of lease modifications

486

The decrease reflected in the table above is a result of a modification to reduce the term of the lease for Ambrell’s facility located in the U.K. This lease originally had a

year term which extended through

August 2029.

The lease included the option to terminate the lease at specified points in time without penalty. We exercised this option in

March 2019

and the lease now expires in

September 2019.

Maturities of lease liabilities as of

March 31, 2019

were as follows:

2019 (remainder)	$	1,188
2020		1,510
2021		820
2022		213
2023		207
Thereafter		981
Total lease payments	$	4,919
Less imputed interest		(551	)
Total	$	4,368