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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Components of Lease Cost and Other Lease

The following table presents the Company’s total lease cost and other lease details for the three months ended March 31, 2019 (in thousands, except years and discount rate):

 

Lease cost:

 

 

 

 

Operating lease cost

 

$

3,769

 

Short-term lease cost

 

 

814

 

Variable lease cost

 

 

311

 

Total lease cost

 

$

4,894

 

Other information:

 

 

 

 

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

 

$

3,861

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

1,017

 

Weighted-average remaining lease term in years – operating leases

 

 

10.6

 

Weighted-average discount rate – operating leases

 

 

6.0

%

Schedule of Maturities of Operating Lease Liabilities

The following table presents the maturities of the Company’s operating lease liabilities as of March 31, 2019 (in thousands):

 

For the period ended March 31,

 

 

 

 

2020

 

$

15,684

 

2021

 

 

15,439

 

2022

 

 

14,909

 

2023

 

 

14,717

 

2024

 

 

14,089

 

Thereafter

 

 

83,327

 

Total lease payments

 

 

158,165

 

Less: imputed interest

 

 

(42,402

)

Total

 

$

115,763

 

 

 

 

 

 

Reported as:

 

 

 

 

Current operating lease liabilities

 

$

9,102

 

Non-current operating lease liabilities

 

 

106,661

 

Total

 

$

115,763

 

Schedule of Future Minimum Lease Payments

 

The following table shows future minimum payments under noncancellable operating leases and purchase agreements with initial terms of greater than one year, based on the expected due dates of the various installments as of December 31, 2018 (in thousands), as previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, prior to the adoption of ASU 2016-02:

 

 

 

Operating

Leases

 

Year

 

Amount

 

2019

 

$

27,768

 

2020

 

 

25,583

 

2021

 

 

18,573

 

2022

 

 

15,694

 

2023

 

 

15,607

 

Thereafter

 

 

92,347

 

 

 

$

195,572