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LEASES | 3 Months Ended
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Mar. 31, 2020
LEASES |
LEASES | 14. LEASES The Company has operating leases for office space, manufacturing equipment, computer equipment and automobiles. Many leases include one or more options to renew, some of which include options to extend the leases for a long-term period, and some leases include options to terminate the leases within 30 days. In certain of the Company’s lease agreements, the rental payments are adjusted periodically to reflect actual charges incurred for capital area maintenance, utilities, inflation and/or changes in other indexes. The components of operating lease expense were as follows (in thousands):
|  | March 31, 2020 |  | March 31, 2019
Fixed operating lease expense |  | $ | 1,028 |  | $ | 1,016
Variable operating lease expense |  |  | 231 |  |  | 39
|  | $ | 1,259 |  | $ | 1,055
Supplemental cash flow information related to the Company’s operating leases for the three-month period ended March 31, 2020 and 2019 was as follows (in thousands):
|  | For the three months ended
|  | March 31,
|  | 2020 |  | 2019
Cash paid for amounts included in the measurement of operating leases |  | $ | 1,001 |  | $ | 1,031
ROU assets obtained in exchange for operating lease obligations |  | $ | 2,710 |  | $ | 122
ROU assets recorded upon adoption of ASC 842 |  | $ | — |  | $ | 20,344
The following table presents the lease balances within the condensed consolidated balance sheet, weighted average remaining lease term, and weighted average discount rates related to the Company’s operating leases as of March 31, 2020 and 2019 (in thousands except for the weighted average remaining lease term and weighted average discount rate):
Lease assets and liabilities |  | Classification |  | Three months ended |
|  |  |  | March 31, |  | December 31, |
|  |  |  | 2020 |  | 2019 |
Assets: |  |  |  |  |  |  |  |  |
Right of use assets |  | Other long-term assets |  | $ | 18,221 |  | $ | 16,420 |
Liabilities: |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |
Right of use liabilities, current |  | Accrued liabilities |  | $ | 3,734 |  | $ | 3,203 |
Long-term |  |  |  |  |  |  |  |  |
Right of use liabilities, long-term |  | Other long-term liabilities |  |  | 14,684 |  |  | 13,715 |
Total ROU lease liabilities |  |  |  | $ | 18,418 |  | $ | 16,918 |
Weighted average remaining lease term |  |  |  |  | 7.71 |  |  | 8.27 |
Weighted average discount rate |  |  |  |  | 2.80 | % |  | 2.91 | %
The following table presents the maturity of the Company’s operating lease liabilities as of March 31, 2020 (in thousands):
Remaining 2020 |  | $ | 3,078
2021 |  |  | 3,568
2022 |  |  | 2,779
2023 |  |  | 2,425
2024 |  |  | 2,010
2025 |  |  | 1,991
Thereafter |  |  | 4,333
Total undiscounted cash flows |  |  | 20,184
Less: present value discount |  |  | (1,766)
Total lease liabilities |  | $ | 18,418
As of March 31, 2020, the Company had no additional significant operating or finance leases that had not yet commenced.

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- References No definition available. + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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