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Leases | 3 Months Ended
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Mar. 31, 2019
Leases [Abstract] |
Leases | Leases Adoption of ASU Topic 842 We adopted ASU No. 2016-02, Leases (Topic 842): Accounting for Leases, as of January 1, 2019. This update requires lessees to recognize right-of-use assets and lease liabilities arising from leases. We elected certain practical expedients permitted under the transition guidance. We elected the optional transition method that allows for a cumulative-effect adjustment and will not restate prior periods. Under the new guidance, all leases will continue to be classified as operating. Adoption of the new standard resulted in recording of additional net operating lease right-of-use assets and lease liabilities of approximately $23.1 million and $24.0 million, respectively, as of January 1, 2019. The difference between the operating lease right-of-use assets and lease liabilities reflects deferred rent balances at the time of adoption. The standard did not materially impact consolidated net earnings and cash flows. We lease certain retail stores, warehouses, distribution centers, and office spaces. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. For leases beginning in 2019 and later, we account for lease components including rent, real estate taxes and insurance costs separately from non-lease components like common-area maintenance fees. Most of our leases include one or more options to renew, with renewal terms that can extend the lease term for one or more years. The exercise of the lease option to renew is solely at our discretion. Operating lease right-of-use assets and lease liabilities are as follows (dollar amounts in thousands):
| March 31, 2019 |  | January 1, 2019
Assets |  |  |
Operating lease right-of-use assets | $ | 21,777 |  |  | $ | 23,143 |
Liabilities |  |  |
Current | 4,088 |  |  | 4,426 |
Long-term | 18,818 |  |  | 19,566 |
Total operating lease liabilities | $ | 22,906 |  |  | $ | 23,992 |
We had operating lease costs of approximately $1.6 million for the three-months ended March 31, 2019. We had short-term lease costs of approximately $46,000 for the three-months ended March 31, 2019. Short-term lease costs represent our costs with respect to leases with a duration of 12 months or less and are not reflected on our Condensed Consolidated Balance Sheets. Supplemental cash flow information related to operating leases for the three-months ended March 31, 2019 was as follows:
• | Payments of $1.1 million against amounts included in the measurement of lease liabilities.
• | Lease assets obtained in exchange for lease liabilities totaled $23.1 million.
The weighted-average remaining lease term for operating leases was 7.6 years. The weight-average discount rate for operating leases was 4.23% . There were no material operating leases that we have entered into and that were yet to commence as of March 31, 2019. The approximate aggregate commitments under non-cancelable operating leases in effect at March 31, 2019 and December 31, 2018, were as follows (dollar amounts in thousands):
| March 31, 2019 |  | December 31, 2018
2019 | $ | 4,155 |  |  | $ | 5,646 |
2020 | 4,671 |  |  | 4,692 |
2021 | 3,792 |  |  | 3,864 |
2022 | 2,326 |  |  | 2,367 |
2023 | 1,985 |  |  | 2,162 |
Thereafter | 10,167 |  |  | 10,296 |
Total lease payments | $ | 27,096 |  |  | $ | 29,027 |
Less: Imputed interest (1) | 4,190 |  |  |
Present value of lease liabilities | $ | 22,906 |  |  |
(1) Calculated using our corporate borrowing rate based on the term of each lease ranging from 4.09% to 4.29%.

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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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