LEASE COMMITMENTS

3 Months Ended

Mar. 31, 2020

LEASE COMMITMENTS

LEASE COMMITMENTS

NOTE 7 – LEASES

We lease certain warehouse, plant and office facilities as well as certain equipment under noncancelable operating and finance leases expiring at various dates through the year 2032. Most of the operating leases contain renewal options and certain leases include options to purchase the related asset during or at the end of the lease term.

Amortization expense related to finance leases is included in depreciation expense while rent expense related to operating leases is included within cost of sales and selling research & development and administrative expenses (“SG&A”).

The components of lease expense for the three months ended March 31, 2020 and 2019 were as follows:

Three Months Ended March 31,	2020		2019
Operating lease cost	$	5,254	$	6,004
Finance lease cost:
Amortization of right-of-use assets	$	1,199	$	872
Interest on lease liabilities		348		315
Total finance lease cost	$	1,547	$	1,187
Short-term lease and variable lease costs	$	2,448	$	1,942

Supplemental cash flow information related to leases was as follows:

Three Months Ended March 31,	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,328	$	6,469
Operating cash flows from finance leases		369		243
Financing cash flows from finance leases		1,657		1,140
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,233	$	4,515
Finance leases		220		10,697