LEASES

3 Months Ended

Mar. 31, 2021

The Company has operating leases for corporate offices, distribution facilities, manufacturing plants, and certain vehicles.

The components of lease expense for the three months ended March 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Operating lease expenses(1):
Fixed lease expense	$	4,495	$	4,814
Variable lease expense	978		995
Total	$	5,473	$	5,809

(1) Expenses are recorded within distribution expenses and selling, general and administrative expenses on the unaudited condensed consolidated statement of operations.

Supplemental cash flow information for lease related liabilities and assets for the three months ended March 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended March 31,
	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4,904	$	4,112


	Three Months Ended March 31,
	2021		2020
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	847	$	437

The aggregate future lease payments for operating leases as of March 31, 2021 were as follows (in thousands):


	Operating
2021 (excluding the three months ending March 31, 2021)	$	14,035
2022	18,394
2023	18,408
2024	18,098
2025	18,076
2026	17,503
Thereafter	38,912
Total lease payments	143,426
Less: Interest	(30,936)
Present value of lease payments	$	112,490

At March 31, 2021, the deferred rent payments received for COVID-19 relief, were $0.2 million and were recorded in accrued expenses in the unaudited condensed consolidated balance sheet at March 31, 2021. These deferred rent payments are due in 2021, per the updated terms of the applicable lease agreements.

Average lease terms and discount rates were as follows:


	March 31, 2021
Operating leases:
Weighted-average remaining lease term (years)	8.0
Weighted-average discount rate	6.2	%