Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of Lease Cost

The components of lease costs were as follows for the three and nine months ended September 30, 2019 (in thousands):

	For the three months ended September 30,			For the nine months ended September 30,
	2019			2019
Lease cost:
Operating lease cost	$	7,022		$	22,520
Short-term lease cost	234			674
Sublease income	(681		)	(2,128		)
Total lease costs	$	6,575		$	21,066

	As of September 30, 2019
Lease term and discount rate:
Weighted-average remaining lease term (years)	5.7
Weighted-average discount rate	4.20	%

	For the nine months ended September 30,
	2019
Other information (in thousands):
Cash paid for amounts included in the measurement of lease liabilities	$	24,982
Right-of-use assets obtained in exchange for operating lease liabilities	$	4,082
Leasehold improvements obtained in exchange for TIAs paid directly to third parties	$	2,156

Maturities of Lease Liabilities

Maturities of lease liabilities (in thousands):

Year Ending September 30,
2020	$	30,365
2021	25,692
2022	17,443
2023	12,121
2024	10,442
Thereafter	27,470
Total lease payments(1)	$	123,533
Less: interest	(14,299		)
Present value of lease liabilities	$	109,234

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Operating lease payments exclude $6.0 million of legally binding minimum payments for leases signed but not yet commenced.

Minimum Rental Commitments

The minimum rental commitments for the Company as of December 31, 2018 were as follows (in thousands):

	Minimum Rental Commitments(1)
2019	$	33,600
2020	28,399
2021	23,485
2022	13,770
2023	10,316
Thereafter	32,745
Total	$	142,315

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⁽¹⁾ 

Amounts are based on the accounting guidance in ASC 840, Leases, that was superseded upon the Company's adoption of ASC 842 on January 1, 2019.