Leases Leases (Notes)

9 Months Ended

Sep. 30, 2020

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 September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Operating lease cost	$	2,110	$	1,610	$	5,780	$	4,750
Short-term, variable and other lease costs	410		230		990		640
Total lease cost	$	2,520	$	1,840	$	6,770	$	5,390

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


Year ended December 31,	Operating Leases(a)
2020 (excluding the nine months ended September 30, 2020)	$	2,080
2021	7,680
2022	6,900
2023	5,940
2024	4,730
Thereafter	14,590
Total lease payments	41,920
Less: Imputed interest	(5,330)
Present value of lease liabilities	$	36,590

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(a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

The weighted-average remaining lease term of the Company's operating leases as of September 30, 2020 is approximately 6.6 years. The weighted-average discount rate as of September 30, 2020 is approximately 4.5%.

Cash paid for amounts included in the measurement of operating lease liabilities was approximately $5.4 million and $4.9 million during the nine months ended September 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 $10.5 million, primarily due to the acquisitions of RSA and Rapak, and $0.9 million during the nine months ended September 30, 2020 and 2019, respectively.