Leases

We lease certain factories, service and distribution locations, offices, and equipment under operating leases. Our operating leases have initial lease terms ranging from 1 to 9 years, some of which include options to extend or renew the leases for up to 10 years. Certain lease agreements contain provisions for future rent increases. Our leases do not contain material residual value guarantees and finance leases are not material.

We have not elected the short-term lease exemption. All leases with a lease term of greater than one month are included in the following tables.

The components of operating lease expense are as follows:



In thousands	Three Months Ended March 31, 2019
Operating lease cost	$	5,923
Variable lease cost	442
Total operating lease cost	$	6,365

Supplemental cash flow information related to operating leases are as follows:



In thousands	Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	5,615
Right‑of‑use assets obtained in exchange for operating lease liabilities	8,183

Supplemental balance sheet information related to operating leases are as follows:



In thousands	March 31, 2019
Operating lease right-of-use assets, net	$	77,888

Other current liabilities	$	14,451
Operating lease liabilities	66,865
Total operating lease liability	$	81,316
Weighted-average remaining lease term - Operating leases	6.4 years
Weighted-average discount rate - Operating leases	5.0		%

Remaining maturities of operating lease liabilities as of March 31, 2019 are as follows:



In thousands	March 31, 2019
2019 (amount remaining at March 31, 2019)	$	11,853
2020	16,386
2021	13,971
2022	11,344
2023	11,180
Thereafter	31,203
Total lease payments	95,937
Less: Imputed interest	(14,621		)
Total operating lease liability	$	81,316

The future obligations under operating leases in effect as of December 31, 2018 as determined prior to adoption of ASC 842 are as follows:



In thousands	December 31, 2018
Less than 1 year	$	17,456
1-3 years	26,241
3-5 years	19,659
Beyond 5 years	26,703
Total operating lease liability	$	90,059