Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of Lease Costs and Other Information Pertaining to Operating Leases

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 three months ended March 31, 2019:

Operating leases	For the three months ended
(in thousands)	March 31, 2019
Lease cost (1)
Operating lease cost	$	8,483
Total lease cost	$	8,483
Other information
Operating cash flows used for operating leases	$	7,946
Weighted average remaining lease term	7.7 years
Weighted average discount rate		6.64	%

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

Schedule of Future Minimum Commitments Under Operating Leases

As of March 31, 2019, future minimum commitments under ASC 842 under the Company’s operating leases were as follows:

Maturity of lease liabilities	As of
(in thousands)	March 31, 2019
2019 (excluding the three months ended March 31, 2019)	$	21,286
2020		32,093
2021		32,480
2022		27,632
2023		28,033
2024 and thereafter		98,151
Total lease payments		239,675
Less: imputed interest		(53,909	)
Total operating lease liabilities	$	185,766