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Leases (Tables) | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Components of lease cost and supplemental information | Lease costs recognized on the consolidated statements of operations were as follows:
(in thousands) |  |  |  | Year ended
Lease costs |  | Location in Statement of Operations |  | December 31, 2019
Operating |  | Cost of goods sold |  | $ | 2,361 |
|  | Selling, general and administrative |  | 11,775 |
|  | Research and development |  | 773 |
Finance |  |  |  |  |
Amortization of lease assets |  | Selling, general and administrative |  | 8 |
Interest on lease liabilities |  | Interest expense, net |  | 2 |
Total lease cost |  |  |  | $ | 14,919 |
Supplemental cash flow information and non-cash activity related to the Company's leases are as follows:
|  | Year ended
(in thousands) |  | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |
Operating cash flows for operating leases |  | $ | 14,804 |
Operating cash flows for finance leases |  | 2 |
Financing cash flows for finance leases |  | 8 |
Non-cash right-of-use assets obtained in exchange for lease obligations: |  |
Operating leases |  | $ | 9,530 |
Finance leases |  | 289 |
The weighted average remaining lease term and the weighted average discount rate for leases is as follows:
|  | December 31, 2019
Weighted average remaining lease term (years): |  |
Operating |  | 5.8 |
Finance |  | 5.9 |
Weighted average discount rate: |  |
Operating |  | 3.42 | %
Finance |  | 4.18 | %
Supplemental balance sheet information related to leases | Lease costs recognized on the consolidated statements of operations were as follows:
(in thousands) |  |  |  | Year ended
Lease costs |  | Location in Statement of Operations |  | December 31, 2019
Operating |  | Cost of goods sold |  | $ | 2,361 |
|  | Selling, general and administrative |  | 11,775 |
|  | Research and development |  | 773 |
Finance |  |  |  |  |
Amortization of lease assets |  | Selling, general and administrative |  | 8 |
Interest on lease liabilities |  | Interest expense, net |  | 2 |
Total lease cost |  |  |  | $ | 14,919 |
Total rental expense for all operating leases amounted to $15.7 million and $16.3 million for the years ended December 31, 2018 and 2017, respectively. Supplemental balance sheet information related to the Company's leases is as follows:
(in thousands) |  | Balance Sheet Location |  | December 31, 2019
Right-of-use assets |  |  |  |
Operating |  | Other noncurrent assets |  | $ | 44,407 |
Finance |  | Property, plant and equipment, net |  | 281 |
|  | Total lease assets |  | $ | 44,688 |
Lease liabilities |  |  |  |
Operating |  | Accrued expenses and other liabilities |  | $ | 11,336 |
Finance |  | Accrued expenses and other liabilities |  | 8 |
Operating |  | Other noncurrent liabilities |  | 34,137 |
Finance |  | Long-term debt |  | 273 |
|  | Total lease liabilities |  | $ | 45,754 |
Reconciliation of undiscounted cash flows for lease liabilities recorded on consolidated balance sheet | The following table reconciles the undiscounted cash flows for leases as of December 31, 2019 to lease liabilities recorded on the consolidated balance sheet:
|  | Operating |  | Finance |  |
(in thousands) |  | Leases |  | Leases |  | Total
2020 |  | $ | 14,173 |  |  | $ | 59 |  |  | $ | 14,232 |
2021 |  | 10,321 |  |  | 57 |  |  | 10,378 |
2022 |  | 6,740 |  |  | 55 |  |  | 6,795 |
2023 |  | 3,889 |  |  | 53 |  |  | 3,942 |
2024 |  | 3,264 |  |  | 51 |  |  | 3,315 |
Thereafter |  | 12,379 |  |  | 41 |  |  | 12,420 |
Total future lease payments |  | 50,766 |  |  | 316 |  |  | 51,082 |
Less: Interest |  | (5,293 | ) |  | (35 | ) |  | (5,328 | )
Present value of lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Accrued expenses and other liabilities |  | $ | 11,336 |  |  | $ | 8 |  |  | $ | 11,344 |
Other noncurrent liabilities |  | 34,137 |  |  | — |  |  | 34,137 |
Long-term debt |  | — |  |  | 273 |  |  | 273 |
Total lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Reconciliation of undiscounted cash flows for lease liabilities recorded on consolidated balance sheet | The following table reconciles the undiscounted cash flows for leases as of December 31, 2019 to lease liabilities recorded on the consolidated balance sheet:
|  | Operating |  | Finance |  |
(in thousands) |  | Leases |  | Leases |  | Total
2020 |  | $ | 14,173 |  |  | $ | 59 |  |  | $ | 14,232 |
2021 |  | 10,321 |  |  | 57 |  |  | 10,378 |
2022 |  | 6,740 |  |  | 55 |  |  | 6,795 |
2023 |  | 3,889 |  |  | 53 |  |  | 3,942 |
2024 |  | 3,264 |  |  | 51 |  |  | 3,315 |
Thereafter |  | 12,379 |  |  | 41 |  |  | 12,420 |
Total future lease payments |  | 50,766 |  |  | 316 |  |  | 51,082 |
Less: Interest |  | (5,293 | ) |  | (35 | ) |  | (5,328 | )
Present value of lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Accrued expenses and other liabilities |  | $ | 11,336 |  |  | $ | 8 |  |  | $ | 11,344 |
Other noncurrent liabilities |  | 34,137 |  |  | — |  |  | 34,137 |
Long-term debt |  | — |  |  | 273 |  |  | 273 |
Total lease liabilities |  | $ | 45,473 |  |  | $ | 281 |  |  | $ | 45,754 |
Schedule of future minimum rental payments under noncancelable operating leases | Future minimum rental payments under noncancelable operating leases as of December 31, 2018 were as follows:
(in thousands) |  |
Year ending December 31, |  |
2019 |  | $ | 13,119 |
2020 |  | 11,053 |
2021 |  | 7,984 |
2022 |  | 5,345 |
2023 |  | 3,133 |
Thereafter |  | 13,852 |
Total minimum rental payments |  | $ | 54,486 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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