Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Impact to Consolidated Balance Sheets Before and After the Adoption

The most significant impact of adopting the standard was the recognition of ROU assets and lease liabilities for operating leases on the Company’s consolidated balance sheets, but it did not have a material impact on the Company’s consolidated statements of comprehensive income or consolidated statements of cash flows. The impact to the consolidated balance sheets before and after the adoption are as follows:

	January 1, 2019
	Before Adoption		Adoption Adjustments			After Adoption
Operating lease - right-of-use assets	$	—	$	137,152		$	137,152
Operating lease liabilities - current		—		30,951			30,951
Accrued expenses and other current liabilities		1,843		(1,843	)		—
Operating lease liabilities - non-current		—		121,982			121,982
Deferred rent		13,938		(13,938	)		—