Leases

We have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At September 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)	September 30, 2019
Assets:
Operating lease right-of-use assets	$	19,890
Liabilities:
Other accrued liabilities	$	4,501
Long-term operating lease obligations	15,580
Total lease liabilities	$	20,081

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 September 30, 2019		Nine Months Ended September 30, 2019
Cost of sales	$	574	$	1,627
Selling, general and administrative expenses	1,036		3,324
Total operating lease expense	$	1,610	$	4,951
Operating cash outflows from operating leases	$	1,537	$	5,197
Operating lease right-of-use assets obtained in exchange for lease obligations	$	1,131	$	2,655

The weighted average remaining lease liability term and the weighted average discount rate were as follows:



	September 30, 2019
Weighted average lease liability term (in years)	4.60
Weighted average discount rate	4.62	%

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 September 30, 2019. The reconciliation excludes short-term leases that are not recorded on the balance sheet.



(In thousands)	September 30, 2019
2019 (remaining 3 months)	$	1,190
2020	5,482
2021	5,493
2022	4,523
2023	2,306
Thereafter	3,366
Total lease payments	22,360
Less: imputed interest	(2,279		)
Total lease liabilities	$	20,081

As of September 30, 2019, we have two operating leases that have not yet commenced with the total initial lease liability of approximately $3.2 million with three and five-year terms, which are not reflected within the maturity schedule above.