Leases

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, 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 six months ended June 30, 2019 ((in thousands):



	June 30, 2019
Operating lease cost	$	1,158
Short-term lease cost	311
Variable lease cost	296
Sublease income	(84		)
Total lease cost	$	1,681

For the three months ended June 30, 2019, cash payments against the operating lease liabilities totaled $1.3 million. ROU assets obtained in exchange for lease obligations was $997,000 for three months ended June 30, 2019.

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



		June 30, 2019
Assets:
	Operating lease right-of-use assets	$	14,110

Liabilities:
	Operating lease liabilities	$	5,693
	Long-term operating lease liabilities	10,788
	Total operating lease liabilities	$	16,481

Weighted average remaining lease term (years)		3.76
Weighted average discount rate		5.1		%

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



Years ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	3,023
2020	5,370
2021	3,954
2022	2,593
2023	2,096
Thereafter	1,158
Total lease payments	18,194
Less interest	(1,713		)
Present value of operating lease liabilities	$	16,481