Leases (Notes)

6 Months Ended

Jun. 30, 2019

The Company has operating leases for corporate offices, warehouse facilities, research and development and other operating facilities, an aircraft, and other operating assets. The Company has finance leases for vehicles, office equipment and other warehouse equipment. The leases have remaining terms of 1 year to 9 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year.

The components of lease expense were as follows (in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2019		2019
Operating lease cost	$	4,341	$	8,589

Finance lease cost:
Amortization of right-of-use assets	$	1,357	$	2,732
Interest on lease liabilities	240		394
Total finance lease cost	$	1,597	$	3,126

Supplemental cash flow information related to leases was as follows (in thousands):



	Six Months Ended June 30,
	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(8,742	)
Operating cash flows from finance leases	(394		)
Financing cash flows from finance leases	(4,263		)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1,690
Finance leases	1,295

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):



	June 30, 2019
Operating Leases
Operating lease right-of-use assets	$	71,557

Current operating lease liabilities	$	12,058
Operating lease liabilities	69,975
Total operating lease liabilities	$	82,033

Finance Leases
Property, plant and equipment, gross	$	45,315
Accumulated depreciation	(23,697		)
Property, plant and equipment, net	$	21,618

Current finance lease liabilities	$	6,984
Finance lease liabilities	3,397
Total finance lease liabilities	$	10,381

Weighted Average Remaining Lease Term
Operating leases	6 years
Finance leases	1.4 years
Weighted Average Discount Rate
Operating leases	7		%
Finance leases	4		%

Maturities of lease liabilities were as follows (in thousands):



	Operating Leases			Finance Leases
Year Ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	9,010		$	4,218
2020	16,955			5,517
2021	16,069			719
2022	14,728			261
2023	14,622			1
Thereafter	32,422			—
Total lease payments	103,806			10,716
Less imputed interest	(21,773		)	(335		)
Total	$	82,033		$	10,381

Leases

The components of lease expense were as follows (in thousands):



	Three Months Ended June 30,		Six Months Ended June 30,
	2019		2019
Operating lease cost	$	4,341	$	8,589

Finance lease cost:
Amortization of right-of-use assets	$	1,357	$	2,732
Interest on lease liabilities	240		394
Total finance lease cost	$	1,597	$	3,126

Supplemental cash flow information related to leases was as follows (in thousands):



	Six Months Ended June 30,
	2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(8,742	)
Operating cash flows from finance leases	(394		)
Financing cash flows from finance leases	(4,263		)

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1,690
Finance leases	1,295

Supplemental balance sheet information related to leases was as follows (in thousands, except lease term and discount rate):



	June 30, 2019
Operating Leases
Operating lease right-of-use assets	$	71,557

Current operating lease liabilities	$	12,058
Operating lease liabilities	69,975
Total operating lease liabilities	$	82,033

Finance Leases
Property, plant and equipment, gross	$	45,315
Accumulated depreciation	(23,697		)
Property, plant and equipment, net	$	21,618

Current finance lease liabilities	$	6,984
Finance lease liabilities	3,397
Total finance lease liabilities	$	10,381

Weighted Average Remaining Lease Term
Operating leases	6 years
Finance leases	1.4 years
Weighted Average Discount Rate
Operating leases	7		%
Finance leases	4		%

Maturities of lease liabilities were as follows (in thousands):



	Operating Leases			Finance Leases
Year Ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	9,010		$	4,218
2020	16,955			5,517
2021	16,069			719
2022	14,728			261
2023	14,622			1
Thereafter	32,422			—
Total lease payments	103,806			10,716
Less imputed interest	(21,773		)	(335		)
Total	$	82,033		$	10,381