Leases

The Company has operating leases for real estate and certain equipment. The Company leases office space in Canada, France, Germany, Spain, the U.K., and the U.S. under operating leases. Our leases have remaining lease terms ranging from less than one year to ten years. Certain leases include one or more options to renew. In addition, we sublease 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, 2020 and 2019 (in thousands):



	Three Months Ended
	March 31
	2020			2019
Operating lease cost	$	1,157		$	1,184
Short-term lease cost	6			415
Variable lease cost	290			300
Sublease income	(84		)	(84		)
Total lease cost	$	1,369		$	1,815

For the three months ended March 31, 2020 and 2019, cash payments against the operating lease liabilities totaled $1.3 million and $1.3 million, respectively. ROU assets obtained in exchange for lease obligations was $3.2 million and $1.8 million for three months ended March 31, 2020 and 2019, respectively.

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



		March 31, 2020			December 31, 2019
Assets:
	Operating lease right-of-use assets	$	11,210		$	8,140

Liabilities:
	Operating lease liabilities	$	4,801		$	4,847
	Long-term operating lease liabilities	12,921			7,920
	Total operating lease liabilities	$	17,722		$	12,767

Weighted average remaining lease term (years)		7.13			4.50
Weighted average discount rate		3.8		%	3.4		%

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



Years ending December 31,
2020 (excluding the three months ended March 31, 2020)	$	3,823
2021	3,648
2022	2,267
2023	1,871
2024	1,419
Thereafter	6,975
Total lease payments	20,003
Less interest	(2,281		)
Present value of operating lease liabilities	$	17,722