Leases (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2019:

Operating leases	For the three months ended		For the six months ended
(in thousands)	June 30, 2019		June 30, 2019
Lease cost (1)
Operating lease cost	$	8,917	$	17,400
Total lease cost	$	8,917	$	17,400
Other information
Operating cash flows used for operating leases			$	13,237
Weighted average remaining lease term			7.7 years
Weighted average discount rate				6.17	%

(1) Short-term lease costs and variable lease costs incurred by the Company for the three and six months ended June 30, 2019 were immaterial.

Schedule of Future Minimum Commitments Under Operating Leases

As of June 30, 2019, future minimum commitments under ASC 842 under the Company’s operating leases were as follows:

Maturity of lease liabilities	As of
(in thousands)	June 30, 2019
2019 (excluding the six months ended June 30, 2019)	$	17,031
2020		33,780
2021		34,215
2022		29,417
2023		29,869
2024 and thereafter		108,687
Total lease payments		252,999
Less: imputed interest		(58,777	)
Total operating lease liabilities	$	194,222