The Company has operating leases for manufacturing and upfit facilities, land and parking lots, warehousing space and certain equipment. The leases have remaining lease terms of less than one year to 16 years, some of which include options to extend the leases for up to 10 years. Such renewal options were not included in the determination of the lease term unless deemed reasonably certain of exercise. The discount rate used in measuring the lease liabilities is based on the Company’s interest rate on its secured Term Loan Credit Agreement. Certain of the Company’s leases contain escalating rental payments based on an index. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The components of lease expense, which are included in Cost of sales and Selling, general and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income, were as follows:


		Year Ended
		December 31, 2019
Operating lease expense		$ 4,857
Short term lease cost		$ 380
Total lease cost		$ 5,237


	Year Ended
	December 31, 2019

Cash paid for amounts included in the measurement of operating lease liabilities	$ 4,679
Non-cash lease expense - right-of-use assets	$ 3,672
Right-of-use assets obtained in exchange for operating lease obligations	$ 5,325


	December 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 22,557

Other current liabilities	3,822
Operating lease liabilities	18,981
Total operating lease liabilities	$ 22,803

Weighted Average Remaining Lease Term
Operating leases	78	months

Weighted Average Discount Rate
Operating leases	5.32%


Year ending December 31,		Operating Leases
2020		$ 4,916
2021		4,625
2022		4,208
2023		3,766
2024		3,194
Thereafter		6,146
Total Lease Payments		26,855
Less: imputed interest		(4,052)
Total		$ 22,803

The Company entered into lease agreements at the time of the close of the Dejana acquisition with parties that are affiliated with the former owners of Dejana and remain affiliated with Dejana post - acquisition. The related parties continue to own land and buildings where Dejana conducts business. Such leases were entered into at market value. As of December 31, 2019, the Company had nine operating leases at Dejana upfitting and manufacturing facilities with related party affiliates. The Company incurred $2,168 of total lease expense to related parties in the year ended December 31, 2019. As the Company makes monthly payments to the related parties, there are no amounts owed to the related parties at December 31, 2019.

As required in transition, the below summarizes the Company’s future minimum lease payments at December 31, 2018 under ASC 840: