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Operating Leases
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Operating Leases
Operating Leases
The Company maintains operating leases for its manufacturing, research and development and general operations with terms that expire from 2020 to 2030 and include renewal options to extend the lease term at the then current fair market rental for each of the lease agreements. None of the options to extend the rental term of existing leases were considered reasonably certain as of September 30, 2019. The Company’s lease agreements do not contain any material variable lease payments, material residual value guarantees or any material restrictive covenants.
The components of lease expense were as follows (in thousands):
 
Three Months Ended September 30, 2019
Nine Months Ended September 30, 2019
Operating lease cost
$
1,540

$
4,404

Other information related to leases were as follows (in thousands):
 
Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
Operating cash flows from operating leases
$
4,134

The lease term and discount rate was as follows:
 
September 30, 2019
Weighted Average Remaining Lease Term (years)
6.9

 
 
Weighted Average Discount Rate
7.1
%

Future minimum lease payments under the lease agreements as of September 30, 2019 were as follows (in thousands):
Remainder of 2019
$
1,398

2020
6,159

2021
6,266

2022
6,327

2023
6,506

Thereafter
17,676

Total future minimum lease payments
$
44,332

Less: imputed interest
(10,459
)
Total
$
33,873


Disclosures related to periods prior to adoption
Future minimum lease payments under non-cancellable leases as of December 31, 2018 were as follows (in thousands):
2019
$
5,526

2020
5,560

2021
5,593

2022
5,708

2023
5,869

Thereafter
13,458

Total future minimum lease payments
$
41,714