Leases

3 Months Ended

Mar. 31, 2020

Leases

Leases

7. Leases

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.

Lease Expense

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 Loss, were as follows:

	Three Months Ended	Three Months Ended
	March 31, 2020	March 31, 2019
Operating lease expense	$ 1,311	$ 1,132
Short term lease cost	$ 39	$ 100
Total lease cost	$ 1,350	$ 1,232

Cash Flow

Supplemental cash flow information related to leases is as follows:

	Three Months Ended	Three Months Ended
	March 31, 2020	March 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$ 1,303	$ 765
Non-cash lease expense - right-of-use assets	$ 1,015	$ 785
Right-of-use assets obtained in exchange for operating lease obligations	$ 321	$ 56

Balance Sheet

Supplemental balance sheet information related to leases is as follows:  

	March 31, 2020		December 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 21,555		$ 22,557
Other current liabilities	3,770		3,822
Operating lease liabilities	18,010		18,981
Total operating lease liabilities	$ 21,780		$ 22,803
Weighted Average Remaining Lease Term
Operating leases	75	months	78	months
Weighted Average Discount Rate
Operating leases	5.31%		5.32%

Lease Maturities

Maturities of leases were as follows:

Year ending December 31,	Operating Leases
2020 (excluding the three months ended March 31, 2020)	$ 3,704
2021	4,716
2022	4,307
2023	3,824
2024	3,194
Thereafter	6,146
Total Lease Payments	25,891
Less: imputed interest	(4,111)
Total	$ 21,780