Leases

6 Months Ended

Jun. 30, 2019

The components of the lease expense for the three and six months ended June 30, 2019 were as follows (in thousands):

Supplemental balance sheet information related to operating leases was as follows (in thousands):



Leases	Classification	June 30, 2019
Assets
Operating lease assets	Operating lease assets	$	144,746

Liabilities
Current
Operating lease liabilities	Accrued liabilities	8,722
Non-current
Operating lease liabilities	Operating lease liabilities, less current portion	156,289
Total operating lease liabilities		$	165,011



Lease Term and Discount Rate	June 30, 2019
Weighted-average remaining lease term - operating leases (years)	10.1
Weighted-average discount rate - operating leases	5.3	%

Supplemental cash flow information related to operating leases was as follows (in thousands):



	Six Months Ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	8,240
Non-cash operating activities:
Right-of-use assets obtained in exchange for new operating lease liabilities (1)	152,142

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(1)	Includes the balances recognized on January 1, 2019 on adoption of ASU No. 2016-02.

Maturities of operating lease liabilities were as follows (in thousands):



Year Ending December 31,	Operating leases
2019 (remainder)	$	6,716
2020	21,050
2021	20,923
2022	20,889
2023	21,066
Thereafter	128,223
Total lease payments	$	218,867
Less imputed interest	(53,856		)
Present value of lease liabilities	$	165,011