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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease Balances within the Consolidated Balance Sheet
Lease balances within our consolidated balance sheet were as follows:
(In thousands)December 31, 2020December 31, 2019
Assets:
Operating lease right-of-use assets
$19,522 $19,826 
Liabilities:
Other accrued liabilities
$6,094 $4,903 
Long-term operating lease obligations
13,681 15,639 
Total lease liabilities
$19,775 $20,542 
Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information
Operating lease expense, including variable and short-term lease costs which were insignificant to the total, operating lease cash flows and supplemental cash flow information were as follows:
Year Ended December 31,
(In thousands)20202019
Cost of sales$1,896 $1,945 
Selling, general and administrative expenses4,040 4,389 
Total operating lease expense$5,936 $6,334 
Operating cash outflows from operating leases$6,552 $6,617 
Operating lease right-of-use assets obtained in exchange for lease obligations$3,743 $4,302 
Lease Terms and Discount Rates
The weighted average remaining lease liability term and the weighted average discount rate were as follows:
Year Ended December 31,
20202019
Weighted average lease liability term (in years)3.704.30
Weighted average discount rate3.84 %4.50 %
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 December 31, 2020. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
(In thousands)
2021$6,812 
20226,128 
20233,557 
20242,172 
20251,628 
Thereafter964 
Total lease payments21,261 
Less: imputed interest(1,486)
Total lease liabilities$19,775