LEASES

9 Months Ended

Sep. 30, 2019

The following table presents the Company’s right-of-use (ROU) assets and lease liabilities as of September 30, 2019:



Lease Classification	Classification	September 30, 2019
Assets:
Operating	Other Assets	$	51,284
Financing	Other Assets	10,346
Total ROU assets		$	61,630
Liabilities:
Current:
Operating	Accounts payable and accrued liabilities	$	7,273
Financing	Accounts payable and accrued liabilities	2,952
Noncurrent:
Operating	Other long-term liabilities	45,499
Financing	Other long-term liabilities	9,544
Total lease liabilities		$	65,268

Maturities of lease liabilities as of September 30, 2019 by fiscal year were as follows:



Maturity of Lease Liabilities	Operating			Financing			Total
Remainder of 2019	$	3,115		$	3,204		$	6,319
2020	9,925			3,464			13,389
2021	8,721			2,865			11,586
2022	8,406			2,258			10,664
2023	7,504			1,748			9,252
Thereafter	27,464			—			27,464
Total lease payments	65,135			13,539			78,674
Less: Interest	(12,363		)	(1,043		)	(13,406		)
Present value of lease liabilities	$	52,772		$	12,496		$	65,268



Lease Cost	Classification	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Operating ⁽¹⁾	Operating Expenses	$	3,535	$	9,946
Financing:
Amortization	Operating Expenses	600		1,811
Interest expense	Operating Expenses	142		455
Total lease costs		$	4,277	$	12,212


(1)	Includes short-term leases and variable lease costs, both of which were not material.



Other Information	September 30, 2019
Weighted average remaining lease term (in years):
Operating leases	8.0
Financing leases	4.2

Weighted average discount rate:
Operating leases	5.2	%
Financing leases	5.4	%

As of September 30, 2019, no operating leases are expected to commence in the remainder of 2019.



Supplemental Cash Flow Information	Nine Months Ended September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Cash used in operating activities:
Operating leases	$	5,918
Financing leases	$	454
Cash used in financing activities:
Financing leases	$	2,027
ROU assets obtained in exchange for lease obligations:
Operating leases	$	9,268
Financing leases	$	72

Lease Commitments as of December 31, 2018

Minimum lease payments for future years as of December 31, 2018 were as follows:



2019	$	12,976
2020	12,549
2021	11,198
2022	10,574
2023	9,993
Thereafter	27,701
Total	$	84,991

Rent expense for the year ended December 31, 2018 was $12.2 million. Total deferred rent accruals at December 31, 2018 were $2.1 million, of which $0.5 million was short-term.