The Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term.

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



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	2,020	$	1,620	$	3,670	$	3,140
Short-term, variable and other lease costs	270		170		580		410
Total lease cost	$	2,290	$	1,790	$	4,250	$	3,550

Maturities of lease liabilities are as follows (dollars in thousands):



Year ended December 31,	Operating Leases^(a)
2020 (excluding the six months ended June 30, 2020)	$	3,880
2021	7,370
2022	6,590
2023	5,630
2024	4,320
Thereafter	13,560
Total lease payments	41,350
Less: Imputed interest	(5,540		)
Present value of lease liabilities	$	35,810

The weighted-average remaining lease term of the Company's operating leases as of June 30, 2020 is approximately 6.6 years. The weighted-average discount rate as of June 30, 2020 is approximately 4.7%.

Cash paid for amounts included in the measurement of operating lease liabilities was approximately $3.0 million and $3.2 million during the six months ended June 30, 2020 and 2019, respectively, and is included in cash flows provided by operating activities in the consolidated statement of cash flows.

Right-of-use assets obtained in exchange for lease liabilities were approximately $10.2 million, primarily due to the acquisitions of RSA and Rapak, and $0.9 million during the six months ended June 30, 2020 and 2019, respectively.