Leases

6 Months Ended

Jun. 30, 2019

Note 12 – Leases

The Company has operating leases for office, manufacturing and research and development facilities, as well as land leases for certain manufacturing facilities that are accounted for as operating leases. We also have operating leases for office equipment and automobiles. Excluding land leases, our leases have remaining lease terms ranging from 1 year to 7 years and may include options to extend the lease for an additional term equal to the original term of the lease. Land leases have remaining lease terms that range from 29 to 44 years and some which specify that the end of the lease term is at the discretion of the lessee. We do not have lease arrangements with related parties.

Information about Gentherm’s total lease costs for the six-month period ended June 30, 2019 is as follows:

Six Months Ended June 30, 2019
Lease cost
Operating lease cost	$	2,903
Short-term lease cost		1,885
Sublease income		(52	)
Total lease cost	$	4,736
Supplemental Cash Flow Information
Gain on sale and leaseback transactions, net	$	207
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,966
Right-of-use lease assets obtained in exchange for lease obligations:
Operating leases	$	3,004
Weighted Average Remaining Lease Term
Operating leases		4.7 years
Weighted Average Discount Rate
Operating leases		5.4	%

A summary of operating leases as of June 30, 2019, under all non-cancellable operating leases with terms exceeding one year is as follows:


2019 (excluding the six-month period ended June 30, 2019)	$	2,755
2020		4,489
2021		2,555
2022		1,490
2023		790
2024 or later		2,609
Total future minimum lease payments		14,688
Less imputed interest		(1,916	)
Total		12,772