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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Balance Sheet Classification

Balance Sheet Classification

 

(in thousands)

Classification

 

June 30, 2019

 

Assets

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

17,068

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current operating lease liability

Accounts payable and accrued liabilities

 

$

4,982

 

Noncurrent operating lease liability

Other long-term obligations

 

 

12,189

 

Total lease liabilities

 

 

$

17,171

 

 

 

 

 

 

 

Schedule of Other Operating Lease Information

Other Operating Lease Information

 

 

 

 

Six Months Ended

 

(in thousands)

 

 

June 30, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

2,960

 

Leased assets exchanged for new operating lease liabilities

 

$

5,789

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

Weighted-average remaining terms (years)

 

 

4.50

 

Weighted-average discount rate

 

 

4.16

%

 

 

 

 

 

 

 

Lease costs (excluding short-term leases and variable lease costs, which are immaterial) for the three and six months ended June 30, 2019 were $1.5 million and $2.9 million, respectively.

Schedule of Maturity of Lease Liabilities

Maturity of Operating Lease Liabilities

At June 30, 2019, the future minimum lease payment obligations under noncancelable operating leases were as follows:

 

(in thousands)

 

 

 

 

2019

 

$

2,916

 

2020

 

 

5,177

 

2021

 

 

4,157

 

2022

 

 

2,492

 

2023

 

 

1,557

 

After 2023

 

 

2,531

 

Total lease payments

 

 

18,830

 

Less: interest1

 

 

1,659

 

Present value of lease liabilities

 

$

17,171

 

 

 

 

 

 

 

1

Calculated using the interest rate for each lease.

Schedule of Future Minimum Lease Payment for Operating Leases

At December 31, 2018, future minimum lease payment obligations under noncancelable operating leases were as follows:

 

(in thousands)

 

 

 

 

2019

 

$

5,130

 

2020

 

 

4,135

 

2021

 

 

3,142

 

2022

 

 

1,538

 

2023

 

 

629

 

2024 and thereafter

 

 

575

 

Total

 

$

15,149