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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases |
7. | 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 to 25 years, some of which include options to extend leases for up to 20 years, and some of which include options to terminate leases within 1 year. 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. As of December 31, 2019, the Company had $144.3 million of operating lease ROU assets on the balance sheet in “Right-of-use assets”, along with $39.3 million and $105.7 million of operating lease liabilities in “Accrued expenses” and “Long-term operating lease liabilities”, respectively. Additionally, as of December 31, 2019, the weighted average remaining lease term and weighted average discount rate for operating leases was 6.0 years and 5.0%, respectively. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Year Ended December 31, 2019 |
Operating lease cost |  | $ | 51,072 |
Variable lease cost |  |  | 3,387 |
Short-term lease cost |  |  | 169 |
Sublease income |  |  | (5,743 | )
Total lease expense |  | $ | 48,885 |
Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Year Ended December 31, 2019 |
Operating cash outflow |  | $ | 54,993 |
ROU assets obtained in exchange for lease liabilities |  | $ | 184,502 |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31, |  | Operating Leases |
2020 |  | $ | 45,942 |
2021 |  |  | 38,545 |
2022 |  |  | 23,822 |
2023 |  |  | 17,949 |
2024 |  |  | 12,876 |
Thereafter |  |  | 31,368 |
Total |  |  | 170,502 |
Less: Imputed interest |  |  | 25,452 |
Total lease liability |  | $ | 145,050 |
The Company has additional lease liabilities of $8.9 million which had not yet commenced as of December 31, 2019, and as such, have not been recognized on the consolidated balance sheets. In connection with the adoption of ASC 842, the Company derecognized the build-to-suit assets and liabilities that remained on the balance sheet following the construction period, which was completed prior to the adoption of ASC 842. Under ASC 842, the lease was determined to be an operating lease, and is included in ROU assets disclosed above. As of December 31, 2018, the Company had recognized $19.4 million as an asset related to the build-to-suit building and a financing obligation of $9.9 million, net of a $9.9 million deposit paid directly to the landlord, as part of other liabilities in its consolidated balance sheet. As of December 31, 2018, the tenant incentive asset and deferred tenant incentive liability associated with the financing obligation totaled $4.0 million and $3.7 million, respectively. Under ASC Topic 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 |  |  | Financing Obligations |
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 |
Rent expense for operating leases totaled $50.4 million, $50.7 million for the years ended December 31, 2018, and 2017, respectively. Interest expense associated with the financing obligations was $0.2 million for the years ended December 31, 2018 and 2017.

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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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