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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure Of Leases [Abstract] |
Supplemental statement of earnings information leases operating finance | Supplemental statement of earnings information related to our leases is as follows (in thousands):
|  |  |  | Year Ended December 31, |
|  | Statement of Earnings Classification |  | 2020 |  |  | 2019 |
Operating lease cost |  | Cost of products sold |  | $ | 20,959 |  |  | $ | 21,275 |
Operating lease cost |  | Marketing, administrative and other expenses |  |  | 3,060 |  |  |  | 2,196 |
Total operating lease cost |  |  |  | $ | 24,019 |  |  | $ | 23,471 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  | Cost of products sold |  | $ | 9,735 |  |  | $ | 9,810 |
Interest on lease liabilities |  | Interest expense, net |  |  | 10,551 |  |  |  | 11,335 |
Total finance lease cost |  |  |  | $ | 20,286 |  |  | $ | 21,145 |
Total lease cost |  |  |  | $ | 44,305 |  |  | $ | 44,616 |
Supplemental cash flow information leases operating finance | Supplemental cash flow information related to our leases is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |
Cash paid for amounts included in measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 23,836 |  |  | $ | 23,155 |
Operating cash flows from finance leases |  | $ | 10,551 |  |  | $ | 11,335 |
Financing cash flows from finance leases |  | $ | 9,541 |  |  | $ | 9,134 |
Non-cash investing and financing activities: |  |  |  |  |  |  |  |
Additions to right-of-use assets obtained from |  |  |  |  |  |  |  |
Operating lease liabilities |  | $ | 21,539 |  |  | $ | 11,941 |
Finance lease liabilities |  | $ | 14,373 |  |  | $ | 11,406 |
Lessee balance sheet information | Supplemental balance sheet information related to our leases is as follows (in thousands):
|  |  |  | December 31, |
|  | Balance Sheet Classification |  | 2020 |  |  | 2019 |
Assets: |  |  |  |  |  |  |  |  |  |
Operating lease |  | Other assets |  | $ | 93,888 |  |  | $ | 91,123 |
Finance lease |  | Property, plant and equipment, net |  |  | 76,231 |  |  |  | 72,364 |
Total leased |  |  |  | $ | 170,119 |  |  | $ | 163,487 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current operating |  | Accrued expenses and other current liabilities |  | $ | 19,986 |  |  | $ | 17,647 |
Current finance |  | Current portion of long-term debt and finance lease obligations |  |  | 10,885 |  |  |  | 9,264 |
Non-current operating |  | Deferred credits and other liabilities |  |  | 75,736 |  |  |  | 74,877 |
Non-current finance |  | Long-term debt and finance lease obligations due after one year |  |  | 79,453 |  |  |  | 75,960 |
Total leased |  |  |  | $ | 186,060 |  |  | $ | 177,748 |
Weighted average lease term discount rate finance operating | Weighted-average remaining lease term and discount rate for our leases are as follows:
|  | December 31, 2020
Weighted-average remaining lease term - operating leases |  | 8.6 Years
Weighted-average remaining lease term - finance leases |  | 10.9 Years
Weighted-average discount rate - operating leases |  | 3.5%
Weighted-average discount rate - finance leases |  | 26.0%
Lessee operating finance lease liability maturity | Maturities of lease liabilities by year for our leases were as follows as of December 31, 2020 (in thousands):
|  | Operating Leases |  |  | Finance Leases |
Maturities of lease liabilities, year ending December 31, |  |  |  |  |  |  |  |
2021 |  | $ | 22,731 |  |  | $ | 20,476 |
2022 |  |  | 19,536 |  |  |  | 19,918 |
2023 |  |  | 16,019 |  |  |  | 17,957 |
2024 |  |  | 13,244 |  |  |  | 13,040 |
2025 |  |  | 9,495 |  |  |  | 11,086 |
Thereafter |  |  | 33,039 |  |  |  | 74,362 |
Total lease payments |  | $ | 114,064 |  |  | $ | 156,839 |
Less imputed interest |  |  | (18,342 | ) |  |  | (66,501 | )
Present value of lease liabilities |  | $ | 95,722 |  |  | $ | 90,338 |

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