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Leases | 9 Months Ended
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Sep. 30, 2020
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 24 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 1 year. As of September 30, 2020, the weighted average remaining lease term and weighted average discount rate for operating leases was 6.3 years and 4.3%. The components of lease expense were as follows (U.S. dollars in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Operating lease cost |  | $ | 13,038 |  |  | $ | 12,399 |  |  | $ | 39,043 |  |  | $ | 37,677 |
Variable lease cost |  |  | 678 |  |  |  | 732 |  |  |  | 2,062 |  |  |  | 2,889 |
Short-term lease cost |  |  | 118 |  |  |  | 41 |  |  |  | 258 |  |  |  | 145 |
Sublease income |  |  | (1,075 | ) |  |  | (1,395 | ) |  |  | (3,264 | ) |  |  | (4,563 | )
Total lease expense |  | $ | 12,759 |  |  | $ | 11,777 |  |  | $ | 38,099 |  |  | $ | 36,148 |
Supplemental cash flow information related to leases was as follows (U.S. dollars in thousands):
|  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |
Operating cash outflow from operating leases |  | $ | 40,865 |  |  | $ | 39,885 |
Right-of-use assets obtained in exchange for lease obligations |  | $ | 62,514 |  |  | $ | 150,127 |
Maturities of lease liabilities were as follows (U.S. dollars in thousands):
Year Ending December 31, |  | Operating Leases |
2020 |  | $ | 15,631 |
2021 |  |  | 53,303 |
2022 |  |  | 36,529 |
2023 |  |  | 26,418 |
2024 |  |  | 21,389 |
Thereafter |  |  | 41,468 |
Total |  |  | 194,738 |
Less: Finance charges |  |  | 26,820 |
Total principal liability |  | $ | 167,918 |
During the third quarter of 2020, the Company recognized $31.3 million of right-of-use assets, primarily in connection with building and warehouse lease renewals. The Company has additional lease liabilities of $1.2 million which have not yet commenced as of September 30, 2020, and as such, have not been recognized on the consolidated balance sheets.

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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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