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Leases Leases (Notes) | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Leases | Leases The Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term. The components of lease expense are as follows (dollars in thousands):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Operating lease cost |  | $ | 2,020 |  |  | $ | 1,620 |  |  | $ | 3,670 |  |  | $ | 3,140 |
Short-term, variable and other lease costs |  | 270 |  |  | 170 |  |  | 580 |  |  | 410 |
Total lease cost |  | $ | 2,290 |  |  | $ | 1,790 |  |  | $ | 4,250 |  |  | $ | 3,550 |
Maturities of lease liabilities are as follows (dollars in thousands):
Year ended December 31, |  | Operating Leases(a)
2020 (excluding the six months ended June 30, 2020) |  | $ | 3,880 |
2021 |  | 7,370 |
2022 |  | 6,590 |
2023 |  | 5,630 |
2024 |  | 4,320 |
Thereafter |  | 13,560 |
Total lease payments |  | 41,350 |
Less: Imputed interest |  | (5,540 | )
Present value of lease liabilities |  | $ | 35,810 |
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(a) | The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.
The weighted-average remaining lease term of the Company's operating leases as of June 30, 2020 is approximately 6.6 years. The weighted-average discount rate as of June 30, 2020 is approximately 4.7%. Cash paid for amounts included in the measurement of operating lease liabilities was approximately $3.0 million and $3.2 million during the six months ended June 30, 2020 and 2019, respectively, and is included in cash flows provided by operating activities in the consolidated statement of cash flows. Right-of-use assets obtained in exchange for lease liabilities were approximately $10.2 million, primarily due to the acquisitions of RSA and Rapak, and $0.9 million during the six months ended June 30, 2020 and 2019, respectively.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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