XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.19.2

Leases | 6 Months Ended
--- | ---
Jun. 30, 2019
Leases [Abstract] |
Leases | Leases We have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At June 30, 2019, our operating leases had remaining lease terms of up to 42 years. Lease balances within our consolidated balance sheet were as follows:
(In thousands) | June 30, 2019
Assets: |
Operating lease right-of-use assets | $ | 20,306 |
Liabilities: |
Other accrued liabilities | $ | 4,158 |
Long-term operating lease obligations | 16,403 |
Total lease liabilities | $ | 20,561 |
Operating lease expense, including short-term and variable lease costs, which are insignificant to the total, and operating lease cash flows and supplemental cash flow information were as follows:
(In thousands) | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2019
Cost of sales | $ | 612 |  | $ | 1,204 |
Selling, general and administrative expenses | 1,156 |  | 2,288 |
Total operating lease expense | $ | 1,768 |  | $ | 3,492 |
Operating cash outflows from operating leases | $ | 1,579 |  | $ | 3,094 |
Operating lease right-of-use assets obtained in exchange for lease obligations | $ | — |  | $ | 1,524 |
The weighted average remaining lease term and the weighted average discount rate were as follows:
| June 30, 2019
Weighted average lease term (in years) | 9.10 |
Weighted average discount rate | 4.76 | %
The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at June 30, 2019. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
(In thousands) | June 30, 2019
2019 (remaining 6 months) | $ | 2,413 |
2020 | 5,111 |
2021 | 5,266 |
2022 | 4,429 |
2023 | 2,358 |
Thereafter | 3,396 |
Total lease payments | 22,973 |
Less: imputed interest | (2,412 | )
Total lease liabilities | $ | 20,561 |
As of June 30, 2019, we have two operating leases that have not yet commenced with the total initial lease liability of approximately $2.6 million with three and five-year terms, which are not reflected within the maturity schedule above.

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration