LEASES (Tables)

3 Months Ended

Mar. 31, 2019

Cumulative Effect of Changes Made to Condensed Consolidated Balance Sheet

The following table present the cumulative effect of the changes made to the condensed consolidated balance sheets as of January 1, 2019, as a result of the adoption of ASC 842:

	December 31, 2018		Adjustments due to ASC 842			January 1, 2019

Operating lease right-of-use asset	$	-	$	37,993		$	37,993
Current portion of operating lease liability	$	-	$	8,999		$	8,999
Other short-term liabilities	$	968	$	(968	)	$	-
Long-term portion of operating lease liability	$	-	$	33,372		$	33,372
Accrued rent	$	3,410	$	(3,410	)	$	-

Supplemental Cash Flow Information and Non-cash Activity Related to Operating Leases

Supplemental cash flow information and non-cash activity related to our operating leases are as follows:

	For the Three Months Ended March 31, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	3,782
Non-cash activity:
Lease liabilities arising from obtaining right-of-use assets*	$	47,977

* Includes a new lease entered into on January 1, 2019 of $5.606 million.

Weighted Average Remaining Lease Term and Discount Rate

Weighted-average remaining lease term and discount rate for our operating leases are as follows:

	Three Months Ended March 31, 2019
Weighted-average remaining lease term	5.79 years
Weighted-average discount rate		14.45	%

Maturities of Lease Liabilities

Maturities of lease liabilities by fiscal year for our operating leases are as follows:

Year ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	11,621
2020		14,087
2021		10,664
2022		8,180
2023		5,811
2024		4,460
Thereafter		13,150
Total lease payments		67,973
Less: imputed interest		(22,113	)
Present value of lease liabilities	$	45,860

Minimum Lease Payments under Non-cancellable Operating Lease

As of December 31, 2018, minimum lease payments under non-cancelable operating leases by period were expected to be as follows:

2019	$	16,939
2020		14,183
2021		10,708
2022		8,180
2023		5,811
Thereafter		17,610
	$	73,431