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Leases | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Leases |
5. | Leases
The Company has operating and finance leases for regional offices, manufacturing facilities, retail centers, distribution centers and certain equipment. The Company’s leases have remaining lease terms of 1 year to 15 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year. As of March 31, 2019, the weighted average remaining lease term and weighted average discount rate for operating leases was 4.1 years and 4.8%. The Company has not separately disclosed finance leases, as they are not material, either individually or in the aggregate, to the Company’s consolidated financial statements. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Three Months Ended March 31, 2019 |
Operating lease cost |  | $ | 12,861 |
Short-term lease cost |  |  | 52 |
Variable lease cost |  |  | 1,052 |
|  | $ | 13,965 |
As of March 31, 2019, the Company had $117.3 million of operating right-of-use assets on the balance sheet, along with $38.9 million and $81.1 million of operating lease liabilities in accrued expenses and long-term operating lease liabilities, respectively. Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Three Months Ended March 31, 2019 |
Operating cash outflow from operating leases |  | $ | 14,377 |
ROU assets obtained in exchange for lease obligations |  |  | 128,704 |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31, |  | Operating leases |
2019 |  | $ | 43,686 |
2020 |  |  | 33,522 |
2021 |  |  | 23,544 |
2022 |  |  | 13,187 |
2023 |  |  | 8,542 |
Thereafter |  |  | 10,398 |
Total |  |  | 132,879 |
Less: Finance charges |  |  | 12,899 |
Total principal liability |  | $ | 119,980 |
The Company has additional lease liabilities of $2.6 million which have not yet commenced as of March 31, 2019, and as such, have not been recognized on the Company’s Consolidated balance sheet. Under ASC 840, minimum future operating leases and financing obligations at December 31, 2018 are as follows (U.S. dollars in thousands):
Year Ending December 31, |  | Operating leases |  |  | Finance leases |
2019 |  | $ | 39,358 |  |  | $ | 726 |
2020 |  |  | 27,553 |  |  |  | 748 |
2021 |  |  | 20,266 |  |  |  | 757 |
2022 |  |  | 11,723 |  |  |  | 770 |
2023 |  |  | 9,950 |  |  |  | 794 |
Thereafter |  |  | 7,628 |  |  |  | 1,148 |
Total minimum lease payments |  | $ | 116,478 |  |  | $ | 4,943 |

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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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