LEASES:

The Company’s leases consist of operating leases for administrative office spaces, research-and-development facilities, design centers and sales offices in various countries around the world. The Company determines if an arrangement is a lease at inception. Some lease agreements contain lease and non-lease components, which are accounted for as a single lease component. Total lease expense was $0.6 million in the three months ended March 31, 2019, while short-term and variable lease expenses were not material.

Balance sheet information related to leases was as follows:



(In thousands)	Balance Sheet Classification	March 31, 2019
Right-of-use assets
Operating lease assets	Other assets	$	6,792
Lease liabilities
Current operating lease liabilities	Other accrued liabilities	$	1,657
Non-current operating lease liabilities	Other liabilities	4,917
Total		$	6,574

Initial lease terms are determined at commencement and may include options to extend or terminate the lease when it is reasonably certain the Company will exercise the option. Remaining lease terms range from one to nine years, some of which include options to extend for up to six years, and some of which include options to terminate within one year. Leases with an initial term of twelve months or less are not recorded on the balance sheet. As the Company’s leases do not provide an implicit rate, the present value of future lease payments is determined using the Company’s incremental borrowing rate based on information available at commencement date.



Lease term and discount rate	March 31, 2019
Weighted average remaining lease term	5.0 years
Weighted average discount rate	4.0	%

Supplemental cash flows information related to leases was as follow:



	Three Months Ended
(In thousands)	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	723

Right-of-use assets obtained in exchange for new operating lease obligations	$	59

Future minimum lease payments under all non-cancelable lease agreements as of March 31, 2019, are as follows:



(In thousands)	March 31, 2019
2019 (remaining nine months)	$	1,346
2020	1,732
2021	1,384
2022	1,011
2023	758
Thereafter	1,009
Total future minimum lease payments	7,240
Less imputed interest	(666		)
Total	$	6,574