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Leases | 6 Months Ended
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Jun. 30, 2022
Leases [Abstract] |
Leases | LeasesWe have entered into various operating lease agreements for automobiles, offices and manufacturing facilities throughout the world. At June 30, 2022, our operating leases had remaining lease terms of up to 38 years, including any reasonably probable extensions. Lease balances within our consolidated balance sheet were as follows:
(In thousands) | June 30, 2022 |  | December 31, 2021
Assets: |  |  |
Operating lease right-of-use assets | $ | 19,048 |  |  | $ | 19,847 |
Liabilities: |  |  |
Other accrued liabilities | $ | 5,155 |  |  | $ | 4,769 |
Long-term operating lease obligations | 13,078 |  |  | 14,266 |
Total lease liabilities | $ | 18,233 |  |  | $ | 19,035 |
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:
(In thousands) | Three Months Ended June 30, |  | Six Months Ended June 30,
2022 |  | 2021 |  | 2022 |  | 2021
Cost of sales | $ | 762 |  |  | $ | 628 |  |  | $ | 1,397 |  |  | $ | 1,298 |
Selling, general and administrative expenses | 1,079 |  |  | 1,023 |  |  | 2,187 |  |  | 2,059 |
Total operating lease expense | $ | 1,841 |  |  | $ | 1,651 |  |  | $ | 3,584 |  |  | $ | 3,357 |
Operating cash outflows from operating leases | $ | 1,781 |  |  | $ | 1,585 |  |  | $ | 3,460 |  |  | $ | 3,383 |
Operating lease right-of-use assets obtained in exchange for lease obligations | $ | 255 |  |  | $ | 2,711 |  |  | $ | 3,073 |  |  | $ | 3,009 |
Non-cash release of operating lease obligations (1) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 654 |
(1)During the six months ended June 30, 2021, we were released from our guarantee of the lease obligation related to our Ohio call center which was sold in February 2020. The weighted average remaining lease liability term and the weighted average discount rate were as follows:
| June 30, 2022 |  | December 31, 2021
Weighted average lease liability term (in years) | 4.0 |  | 4.3
Weighted average discount rate | 3.09 | % |  | 3.17 | %
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, 2022. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
(In thousands) | June 30, 2022
2022 (remaining 6 months) | $ | 2,866 |
2023 | 5,245 |
2024 | 4,197 |
2025 | 3,434 |
2026 | 2,183 |
Thereafter | 1,469 |
Total lease payments | 19,394 |
Less: imputed interest | (1,161) |
Total lease liabilities | $ | 18,233 |
At June 30, 2022, we had two operating leases with three-year terms that had not yet commenced. The total initial lease liability, which is immaterial to the balance sheet, is not reflected within the above maturity schedule. On April 7, 2022, we agreed upon terms to a lease agreement for 125,000 square feet of factory space in Vietnam, with a term commencing in the third quarter of 2022 and continuing through December 1, 2034. As of the date of filing, this lease has not yet been signed. The total initial lease liability associated with this lease is approximately $4.1 million, which is not reflected within the maturity schedule above.

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- 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 https://asc.fasb.org/subtopic&trid=77888251 + Details
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