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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Lease

Lease expense for lease payments is recognized on a straight-line basis over the lease term. The components of lease expense were as follows (in thousands):

 

 

Statement of Operations Location

 

Three Months Ended

March 31, 2019

 

Operating lease cost

 

Direct salaries and related costs

 

$

75

 

Operating lease cost

 

General and administrative

 

 

14,807

 

Short-term lease cost

 

General and administrative

 

 

423

 

Variable lease cost

 

Direct salaries and related costs

 

 

2

 

Variable lease cost

 

General and administrative

 

 

1,037

 

Sublease income

 

General and administrative

 

 

(428

)

 

 

 

 

$

15,916

 

Supplemental cash flow information related to leases was as follows (in thousands):

 

Three Months Ended

March 31, 2019

 

Cash paid for amounts included in the measurement of operating lease liabilities - operating

   cash flows

$

13,146

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

6,581

 

Additional supplemental information related to leases was as follows:

 

March 31, 2019

 

Weighted average remaining lease term of operating leases

5.6 years

 

Weighted average discount rate of operating leases

 

3.8

%

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2019 were as follows (in thousands):

 

 

Amount

 

2019 (remaining nine months)

 

$

39,922

 

2020

 

 

54,912

 

2021

 

 

48,369

 

2022

 

 

37,324

 

2023

 

 

24,170

 

2024  and thereafter

 

 

54,043

 

Total future lease payments

 

 

258,740

 

Less: Imputed interest

 

 

27,025

 

Present value of future lease payments

 

 

231,715

 

Less: Operating lease liabilities

 

 

45,636

 

Long-term operating lease liabilities

 

$

186,079

 

Schedule of Future Minimum Rental Payments for Operating Leases under ASC 840

The following is a schedule of future minimum rental payments required under operating leases that had noncancelable lease terms as of December 31, 2018 under ASC 840 (in thousands):

 

Amount

 

2019

$

53,071

 

2020

 

48,770

 

2021

 

43,324

 

2022

 

34,063

 

2023

 

22,583

 

2024 and thereafter

 

51,456

 

 

$

253,267