Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the year ended December 31, 2019 (in thousands):

	For the year ended December 31, 2019
Lease cost (1)
Operating lease cost	$	35,346
Total lease cost	$	35,346
Other information
Operating cash flows used for operating leases	$	31,026
Weighted average remaining lease term	7.4 years
Weighted average discount rate	6.70		%

⁽¹⁾ Short-term lease costs and variable lease costs incurred by the Company for the twelve months ended December 31, 2019 were immaterial.

Summary of Future Minimum Commitments

As of December 31, 2019, future minimum commitments under ASC 842 under the Company’s operating leases were as follows (in thousands):

	As of
Maturity of lease liabilities	December 31, 2019
2020	$	33,257
2021	35,816
2022	31,052
2023	31,540
2024	31,552
2025 and thereafter	88,336
Total lease payments	251,553
Less: imputed interest	(60,566)
Total operating lease liabilities	$	190,987