16.

LEASES

The Company has operating leases for its facilities used for manufacturing, research and development, sales and administration. There are also operating and finance leases related to manufacturing equipment, office equipment and vehicles. These leases have remaining lease terms ranging from

year to

years. Certain of the leases contain options to extend the term of the lease and certain of the leases contain options to terminate the lease within a specified period of time. These options to extend or terminate a lease are included in the lease term only when it is reasonably likely that the Company will elect that option. The Company is

not

a party to any material sublease arrangements.

The components of lease expense, which are included in cost of sales and selling, general and administrative expense, based on the underlying use of the ROU asset, were as follows:

	Year Ended
	December 31, 2019
Amortization of ROU assets - finance leases	$	134
Interest on lease liabilities - finance leases		48
Operating lease cost (cost resulting from lease payments)		7,897
Short-term lease cost		102
Variable lease cost (cost excluded from lease payments)		256
Sublease income		-
Total lease cost	$	8,437

Supplemental cash flow information related to leases are as follows:

	Year Ended
	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,840
Operating cash flows from finance leases		48
Finance cash flows from finance leases		117
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		24,494
Finance leases		9

Supplemental balance sheet information related to leases was as follows:

	December 31, 2019
Operating Leases:
Operating lease right-of-use assets	$	18,504
Operating lease liability, current		7,377
Operating lease liability, long-term		11,751
Total operating lease liabilities		19,128

Finance Leases:
Property, plant and equipment, gross	$	882
Accumulated depreciation		(262	)
Property, plant and equipment, net		620
Other current liabilities		121
Other long-term liabilities		512
Total finance lease liabilities	$	633

	December 31, 2019
Weighted-Average Remaining Lease Term:
Operating leases (in years)		3.36
Finance leases (in years)		4.86

Weighted-Average Discount Rate:
Operating leases		6.0	%
Finance leases		6.4	%

Our discount rate is based on our incremental borrowing rate, as adjusted based on the geographic regions in which our leases assets are located.

Maturities of lease liabilities were as follows as of

December 31, 2019:

Year Ending	Operating			Finance
December 31,	Leases			Leases
2020	$	7,217		$	232
2021		6,126			232
2022		4,190			232
2023		2,145			232
2024		578			218
Thereafter		544			141
Total undiscounted cash flows		20,800			1,287
Less imputed interest		(1,672	)		(654	)
Present value of lease liabilities	$	19,128		$	633

Maturities of lease liabilities were as follows as of

December 31, 2018:

Year Ending	Operating
December 31,	Leases
2019	$	7,363
2020		6,017
2021		4,967
2022		3,338
2023		1,194
Thereafter		442
	$	23,321