XML 22 R32.htm IDEA: XBRL DOCUMENT v3.19.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Supplemental Balance Sheet Information
The table below presents the lease-related assets and liabilities included on the condensed consolidated balance sheets:
Classification on Condensed Consolidated Balance Sheets:
September 30, 2019
 
(amounts in thousands)
Operating lease right-of-use assets
$
17,796

Operating lease liabilities - current
$
4,936

Operating lease liabilities - non-current
$
20,112

Weighted-average remaining lease term
4.9 years

Weighted average discount rate (a)
6.26
%
________________

(a)
Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.
Operating Lease Maturity
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities (which do not include short-term leases) recorded on the condensed consolidated balance sheets as of September 30, 2019:
Years Ending December 31:
(amounts in thousands)
2019
$
1,254

2020
6,775

2021
5,924

2022
5,042

2023
4,696

Thereafter
5,869

Total minimum lease payments
29,560

Less: amount of lease payments representing interest
(4,512
)
Present value of future minimum lease payments
25,048

Less: current lease obligations
(4,936
)
Non-current lease obligations
$
20,112

Future Minimum Lease Payments under Topic 840
Future minimum lease payments, as of December 31, 2018, associated with non-cancelable operating lease agreements with terms of one year or more are as follows: 
Years Ending December 31:
(amounts in thousands)
2019
$
7,451

2020
6,287

2021
5,407

2022
4,857

2023
4,700

Thereafter
5,893

Total minimum lease payments
$
34,595

Lease Costs
The table below provides information regarding supplemental cash flows:

 
Nine Months Ended
 
September 30, 2019
 
(amounts in thousands)
Supplemental Cash Flow Information:
 
Cash paid for amounts included in the measurement of operating lease liabilities
$
5,619

Right-of-use assets obtained in exchange for new operating lease liabilities
$
872


The components of lease expense are as follows:
 
Three Months Ended
Nine Months Ended
 
September 30, 2019
September 30, 2019
 
(amounts in thousands)
Amounts Included in Condensed Consolidated Statements of Operations:
 
 
Operating lease expense
$
1,646

$
5,038

Short-term lease expense
$
2,124

$
6,232

Variable and other lease costs
$
598

$
1,975