The Company leases its retail stores, distribution center and corporate and administrative office facilities under operating lease agreements which expire through June 2027. Stores range in size from small stores of only 1,000 sq.ft. to larger stores of up to 5,200 sq.ft. Store leases typically provide for an initial lease term of three to four years, while certain leases have terms of up to ten years. Certain leases have provisions calling for percentage rent, in addition to base rent, once sales exceed a minimum threshold. However, the Company believes that the minimum thresholds in such leases exceed the level of sales expected to be generated by the stores during the term of the lease. Certain leases also contain renewal options, but such options are not recognized by the Company as part of its right-of-use assets or lease liabilities because the Company does not believe it is reasonably certain it will exercise such options, due to the uncertainty of future store financial performance or the ability of the property to generate sufficient customer traffic. Operating lease expense was $2,212,000 and $1,674,000 for the years ended December 31, 2019 and 2018, respectively.

Supplemental lease information as of December 31, 2019 is as follows ($ in thousands):

Operating right of use assets	$	7,504
Current operating lease liabilities	$	2,577
Long-term operating lease liabilities	$	5,023
Weighted-average remaining lease term in years		3.88
Weighted-average discount rate		12	%

As of December 31, 2019, maturities of lease liabilities are as follows (in thousands):

Years Ending December 31,
2020	$	3,311
2021		2,309
2022		1,416
2023		1,049
2024		473
Thereafter		992
Total lease payments		9,550
Less: interest		(1,950	)
Total		7,600
Less: current portion		2,577
Long-term portion	$	5,023

The Company has historically and may become involved in certain legal proceedings and claims which arise in the normal course of business. As of the filing date of this report, the Company did not have any significant litigation outstanding.

The Company provides a 401(k) retirement savings plan for certain full-time employees in the U.S. Those employees are eligible to participate after 90 days of service with the Company. The Company does not currently provide matching contributions. The Company has entered into employment agreements with its officers which could subject the Company to the payment of severance compensation in the event the employees are terminated without cause.