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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Operating Leases

Operating leases consisted of the following at March 31, 2019:

 

Real estate facilities

 

$

132,596

 

Office equipment

 

 

2,062

 

Other

 

 

486

 

 

 

 

135,144

 

Amortization of right-of-use assets

 

 

(7,557

)

Total operating lease right-of-use assets

 

$

127,587

 

Summary of Rent Expense

Rent expense is recognized on a straight-line basis over the lease term, net of sublease payments.  Rent expense consists of the following:

 

 

 

Three Months Ended

 

 

 

March 31, 2019

 

Operating lease costs

 

$

8,896

 

Short-term lease costs

 

 

681

 

Variable lease costs

 

 

12

 

Total operating lease costs

 

 

9,589

 

Sublease income

 

 

 

Total rent expense

 

$

9,589

 

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2019 were as follows:

 

March 31, 2020

 

$

34,825

 

March 31, 2021

 

 

32,970

 

March 31, 2022

 

 

31,653

 

March 31, 2023

 

 

25,967

 

March 31, 2024

 

 

13,065

 

Thereafter

 

 

18,694

 

Total future minimum lease payments

 

 

157,174

 

Less:  Interest

 

 

(14,174

)

Total operating lease liabilities

 

$

143,000

 

 

 

 

 

 

Operating lease liabilities - current

 

$

30,324

 

Operating lease liabilities - non-current

 

 

112,676

 

Total operating lease liabilities

 

$

143,000

 

Summary of Other Information Related to Operating Leases

Other information related to operating leases is as follows:

 

 

 

Three Months Ended

 

 

 

March 31, 2019

 

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

 

 

 

 

Operating cash flows from operating leases

 

$

9,389

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

$

2,159

 

Weighted-average remaining lease term - operating leases

 

 

5.1

 

Weighted-average discount rate - operating leases

 

 

3.8

%