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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Right-of-Use Assets and Lease Liabilities
The Company has various operating leases for office space, vehicles and office equipment that expire through 2030. Its lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. Below is a summary of our operating right-of-use assets and operating lease liabilities as of September 30, 2019:
 
September 30, 2019
 
(unaudited)
Operating right-of-use assets
$
57,046

 
 
Operating lease liabilities, current
$
7,287

Operating lease liabilities long-term
58,667

Total operating lease liabilities
$
65,954


Lessee, Operating Lease, Liability, Maturity
Minimum lease payments for our right of use assets over the remaining lease periods as of September 30, 2019, are as follows:
 
September 30, 2019
 
(unaudited)
2019
$
1,791

2020
11,065

2021
9,121

2022
9,136

2023
8,953

Thereafter
38,885

 
 
Total undiscounted lease payments
$
78,951

 
 
Less: Interest
(12,997
)
 
 
Present value of lease liabilities
$
65,954


Summary of Weighted Average Remaining Lease Terms and Discount Rates
The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of September 30, 2019:
Remaining lease term and discount rate:
 
Weighted average remaining lease term (years)
8.56

 
 
Weighted average discount rate
4.02
%