Lease Commitments

6 Months Ended

Jun. 30, 2019

The Company is the lessee in various noncancellable operating leases for land, buildings, and equipment. Certain leases contain provisions for variable lease payments that are linked to the consumer price index. Lease cost for the three and six months ended June 30, 2019 consists of:



(In thousands)	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	$	1,384		$	2,789
Variable lease cost	290			596
Short-term lease cost	191			420
Sublease income	(133		)	(261		)
Total lease cost	$	1,732		$	3,544

The following table provides supplemental information related to leases as of and for the six months ended June 30, 2019:



(In thousands, except for weighted average data)	June 30, 2019
Operating lease right-of-use assets	$	27,036
Operating lease liabilities	31,141
Cash paid for amounts included in the measurement of operating lease liabilities	2,981
Right-of-use assets obtained in exchange for new operating lease obligations	—
Weighted average remaining lease term for operating leases	9 years
Weighted average discount rate for operating leases	4.70		%

The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If, at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company includes the extended term in the calculation of the lease liability. Maturities of lease liabilities as of June 30, 2019 are as follows:



Twelve Months Ended June 30,	(In thousands)
2020	$	5,866
2021	4,827
2022	4,622
2023	3,666
2024	3,456
Thereafter	16,159
Total undiscounted cash flows	38,596
Less: Net present value adjustment	(7,455		)
Total	$	31,141