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Leases | 6 Months Ended
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Jun. 30, 2020
Lessee Disclosure [Abstract] |
Leases | Leases The Company leases certain office facilities, warehouses, manufacturing plants, equipment (which includes both office and plant equipment) and vehicles under operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Certain leases include one or more options to renew. The exercise of lease renewal options is at the Company’s sole discretion. There are currently no renewal periods included in any of the leases’ respective lease terms as they are not reasonably certain of being exercised. The Company does not have any material purchase options. Certain of our lease agreements have rental payments that are adjusted periodically for inflation or that are based on usage. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Supplemental balance sheet information related to leases as of June 30, 2020 and December 31, 2019 was as follows:
| Balance Sheet Caption | June 30, 2020 |  | December 31, 2019
Operating leases: |  |  |  |
Building right-of-use assets - net | Other noncurrent assets | $ | 101,881 |  |  | $ | 75,381 |
Equipment right-of-use assets - net | Other noncurrent assets | 6,202 |  |  | 6,993 |
Total right-of-use assets - net |  | $ | 108,083 |  |  | $ | 82,374 |
Operating leases: |  |  |  |
Current lease liabilities | Accrued expenses | $ | 16,584 |  |  | $ | 15,235 |
Noncurrent lease liabilities | Other noncurrent liabilities | 94,503 |  |  | 69,928 |
Total lease liabilities |  | $ | 111,087 |  |  | $ | 85,163 |
The components of lease cost for the three and six months ended June 30, 2020 and 2019 were as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost (1) | $ | 5,986 |  |  | $ | 6,195 |  |  | $ | 12,314 |  |  | $ | 11,570 |
Variable lease cost | 313 |  |  | 625 |  |  | 954 |  |  | 1,218 |
Total lease expense | $ | 6,299 |  |  | $ | 6,820 |  |  | $ | 13,268 |  |  | $ | 12,788 |
(1) Includes short-term leases. Supplemental cash flow information related to leases for the six months ended June 30, 2020 and 2019 was as follows:
| Six Months Ended June 30, 2020 |  | Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities | $ | 12,225 |  |  | $ | 6,071 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 34,298 |  |  | 4,180 |
Other supplemental information related to leases as of June 30, 2020 and December 31, 2019 was as follows:
Lease Term and Discount Rate | June 30, 2020 |  | December 31, 2019 |  |
Weighted-average remaining lease term (years): |  |  |  |  |
Operating leases - building and equipment | 9.80 |  | 9.61 |  |
Operating leases - vehicles | 1.98 |  | 1.92 |  |
Weighted-average discount rate: |  |  |  |  |
Operating leases - building and equipment | 3.60 | % |  | 4.08 | % |  |
Operating leases - vehicles | 2.64 | % |  | 2.99 | % |  |
The Company uses its incremental borrowing rate to determine the present value of the lease payments. Total lease liabilities at June 30, 2020 have scheduled maturities as follows:
Maturity of Lease Liabilities | Operating Leases (1)
2020 (excluding the six months ended June 30, 2020) | $ | 9,941 |
2021 | 17,794 |
2022 | 15,372 |
2023 | 13,245 |
2024 | 11,001 |
Thereafter | 66,503 |
Total lease payments | 133,856 |
Less: Imputed interest | (22,769) |
Present value of lease liabilities | $ | 111,087 |
(1) Excludes $0.2 million of legally binding minimum lease payments for leases signed but not yet commenced. Total lease liabilities at December 31, 2019 had scheduled maturities as follows:
Maturity of Lease Liabilities | Operating Leases
2020 | $ | 18,449 |
2021 | 15,070 |
2022 | 10,647 |
2023 | 8,894 |
2024 | 7,037 |
Thereafter | 44,284 |
Total lease payments | 104,381 |
Less: Imputed interest | (19,218) |
Present value of lease liabilities | $ | 85,163 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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