LEASES (Tables)

9 Months Ended

Sep. 30, 2019

The components of lease expense were as follows:



($ in thousands)	Classification in the Condensed Consolidated Statements of Income	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating lease cost (a)	Cost of sales, exclusive of depreciation and amortization	$	1,114	$	3,369
Operating lease cost (a)	Selling, general and administrative	34		103
Total operating lease cost		$	1,148	$	3,472

Finance lease cost:
Amortization of right-of-use assets	Depreciation	$	—	—
Interest on lease liabilities	Interest Expense	—		—
Total finance lease cost		$	—	$	—

Total lease cost		$	1,148	$	3,472

(a) Short-term lease costs were approximately $64 thousand during the period.



($ in thousands)	Classification on the Condensed Consolidated Balance Sheets	September 30, 2019
Assets:
Operating	Operating lease assets	$	14,364
Finance	Property, plant, and equipment	—
Total leased assets		$	14,364

Liabilities:
Current
Operating	Current portion of operating lease liabilities	$	3,247
Finance	Short-term debt and current portion of long-term debt	—
Noncurrent
Operating	Operating lease liabilities	11,117
Finance	Long-term debt	—
Total lease liabilities		$	14,364



($ in thousands)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	$	1,127	$	2,260
Operating cash flows used for finance leases	—		—
Financing cash flows used for finance leases	—		—
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	25	$	138
Finance leases	—		—



	September 30, 2019
Weighted-average remaining lease term (in years):
Operating leases	4.8
Finance leases	0.0
Weighted-average discount rate:
Operating leases	4.5	%
Finance leases	—	%

As of September 30, 2019, maturities of lease liabilities were as follows:

As of September 30, 2019, maturities of lease liabilities were as follows:

Minimum lease commitments as of December 31, 2018 that have initial or remaining lease terms in excess of one year are as follows: