Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of new accounting pronouncements

The following table shows the reconciliation of right-of-use assets and lease obligations, with balances reflecting the adoption of ASC 842, related to both operating leases and finance leases and gives effect to the modified retrospective adoption and effective date method of the lease guidance on January 1, 2019 (in thousands):

	Operating leases		Finance Leases
Right-of-use assets, balance at December 31, 2018	$	—	$	—
Changes in the period:
Right-of-use assets created upon adoption of ASC 842	26,617		493
Right-of-use assets, balance at January 1, 2019	$	26,617	$	493
Lease obligations, balance at December 31, 2018	$	—	$	—
Changes in the period:
Lease obligations created upon adoption of ASC 842	27,562		302
Lease obligations, balance at January 1, 2019	$	27,562	$	302

Lease cost

Lease related expenses under non-cancellable finance and operating leases and under non-cancellable subleases as follows (in thousands except discount rate and lease term):

	Three months ended March 31, 2019
Lease costs
Finance lease cost:
Amortization of right-of-use assets	$	54
Interest on lease obligations	4
Operating lease cost	1,178
Sublease income	(211		)
Total lease cost	$	1,025
Other information
Weighted-average remaining lease term (in years):
Finance leases	1.0
Operating leases	8.3
Weighted-average discount rate:
Finance leases	5.0		%
Operating leases	6.6		%
Cash paid for amounts included in the measurement of lease obligations
Operating cash flows from operating leases	$	812
Operating cash flows from finance leases	$	4
Financing cash flows from finance leases	$	59

Operating lease maturity

aturity analysis of annual undiscounted cash flows of the non-cancellable finance and operating leases as follows (in thousands):

Years ending December 31,	Finance Leases			Operating Leases
2019 (remaining 9 months)	$	189		$	2,469
2020	61			2,816
2021	—			4,197
2022	—			4,285
2023	—			4,589
2024 and thereafter	—			18,220
Total minimum lease payments (1)	$	250		$	36,576
Less: imputed interest	(8		)	(9,352		)
Lease Obligations	$	242		$	27,224

⁽¹⁾ Minimum payments have not been reduced by future minimum sublease rentals of $0.7 million to be received under non-cancellable subleases at March 31, 2019.

Finance lease liability

aturity analysis of annual undiscounted cash flows of the non-cancellable finance and operating leases as follows (in thousands):

Years ending December 31,	Finance Leases			Operating Leases
2019 (remaining 9 months)	$	189		$	2,469
2020	61			2,816
2021	—			4,197
2022	—			4,285
2023	—			4,589
2024 and thereafter	—			18,220
Total minimum lease payments (1)	$	250		$	36,576
Less: imputed interest	(8		)	(9,352		)
Lease Obligations	$	242		$	27,224

⁽¹⁾ Minimum payments have not been reduced by future minimum sublease rentals of $0.7 million to be received under non-cancellable subleases at March 31, 2019.

Schedule of future operating lease payments

As of December 31, 2018, under ASC 840, maturity analysis of annual undiscounted cash flows of the non-cancellable capital and operating leases as follows (in thousands): 

Years ending December 31,	Capital Leases			Operating Leases
2019	$	252		$	3,280
2020	61			712
2021	—			490
2022	—			41
2023	—			—
Total minimum lease payments (1)	313			$	4,523
Less: amount representing interest	(10		)
Present value of capital lease obligations	303
Less: current portion	(242		)
Long-term portion of capital leases	$	61

⁽¹⁾ Minimum payments have not been reduced by future minimum sublease rentals of $0.9 million to be received under non-cancellable subleases.

Schedule of future capital lease payments

As of December 31, 2018, under ASC 840, maturity analysis of annual undiscounted cash flows of the non-cancellable capital and operating leases as follows (in thousands): 

Years ending December 31,	Capital Leases			Operating Leases
2019	$	252		$	3,280
2020	61			712
2021	—			490
2022	—			41
2023	—			—
Total minimum lease payments (1)	313			$	4,523
Less: amount representing interest	(10		)
Present value of capital lease obligations	303
Less: current portion	(242		)
Long-term portion of capital leases	$	61

⁽¹⁾ Minimum payments have not been reduced by future minimum sublease rentals of $0.9 million to be received under non-cancellable subleases.

Schedule of supply and service commitments

The following table provides quantitative data regarding our other commitments. Future minimum payments reflect amounts that we expect to pay including potential obligations under services agreements subject to risk of cancellation by us (in thousands):

Other Commitment Agreement Type	Agreement Date	Future Minimum Payment
Manufacture and supply agreement with expected future payment date of December 2022	April 2016	$	1,310
Service agreement for clinical trial	December 2017	455
Total other commitments		$	1,765