The Company has operating leases for real estate and certain equipment. The Company leases office space in Australia, Canada, China, France, Germany, Hong Kong, Japan, Singapore, Spain, Taiwan, the U.K., and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year to November 2024. Certain leases include one or more options to renew. In addition, we sublease certain real estate to a third party. All of our leases qualify as operating leases.

The following table summarizes the components of lease expense for the three months ended March 31, 2019 ((in thousands):



	March 31, 2019
Operating lease cost	$	1,184
Short-term lease cost	415
Variable lease cost	300
Sublease income	(84		)
Total lease cost	$	1,815

For the three months ended March 31, 2019, cash payments against the operating lease liabilities totaled $1.3 million. ROU assets obtained in exchange for lease obligations was $1.8 million for three months ended March 31, 2019.

The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):



		March 31, 2019
Assets:
	Operating lease right-of-use assets	$	14,264

Liabilities:
	Operating lease liabilities	$	5,508
	Long-term operating lease liabilities	11,251
	Total operating lease liabilities	$	16,759

Weighted average remaining lease term (years)		3.95
Weighted average discount rate		5.1		%

Maturities of lease liabilities were as follows (in thousands):



Years ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	4,257
2020	5,111
2021	3,666
2022	2,365
2023	2,044
Thereafter	1,157
Total lease payments	18,600
Less interest	(1,841		)
Present value of operating lease liabilities	$	16,759