Leases (Tables)

3 Months Ended

Mar. 31, 2019

The following tables provide quantitative disclosures related to our operating leases as of and for the three months ended March 31, 2019:

Balance Sheet Information	March 31, 2019
Assets
Operating lease right-of-use assets	$	37,301

Liabilities
Sundry payables and accrued expenses	$	8,148
Noncurrent operating lease liabilities		30,130
Total operating lease liabilities	$	38,278

Expense and Cash Flow Information	Three Months Ended March 31, 2019
Lease Expense
Operating lease expense (a)	$	2,224

Supplemental Cash Flow Information
Cash Paid for the amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,161
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	566

(a) Excludes expenses related to non-lease components such as maintenance, property taxes, etc., and operating lease expense for leases with an initial term of 12 months or less, which is not material.


Weighted Average Remaining Lease Term
Operating leases	6.3 Years
Weighted Average Discount Rate
Operating leases		3.8	%

At March 31, 2019, we are obligated to make minimum lease payments through 2028, under operating leases, which are as follows (in thousands):

2019	$	6,413
2020		7,597
2021		6,983
2022		5,785
2023		5,277
Thereafter		11,316
Total lease payments	$	43,371
Less: Interest		(5,093	)
Present value of lease liabilities	$	38,278