4. Leases

Operating Leases

The Company leases office and warehouse space under operating leases that expire between 2019 and 2025. The terms of the leases include periods of free rent, options for the Company to extend the leases (typically three to five years) and increasing rental rates over time. The Company recognizes rental expense under these operating leases on a straight-line basis over the lives of the leases.

Operating lease cost was approximately $1.1 million and $0.8 million for the three months ended March 31, 2019 and 2018, respectively.

Other information related to leases was as follows (in thousands):


	Three Months Ended
	March 31,
	2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,274
Right-of-use assets obtained in exchange for new operating lease liabilities		1,088
Weighted-average remaining lease term - operating leases		3.2	years
Weighted-average discount rate - operating leases		5.8	%

Future minimum rental payments due under non-cancelable operating leases with initial or remaining terms in excess of one year consist of the following as of March 31, 2019 (in thousands):


One year	$	5,140
Two years		4,730
Three years		2,000
Four years		902
Five years		482
Thereafter		610
Total lease payments		13,864
Less landlord paid tenant improvements		(597)
Less imputed interest		(1,419)
Total	$	11,848