Leases (Tables)

6 Months Ended

Jun. 30, 2019

Lease Balances within the Consolidated Balance Sheet

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, Operating Lease Cash Flows and Supplemental Cash Flow Information

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

Lease Terms and Discount Rates

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	%

Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities

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