Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Lease Expense, Weighted Averages and Supplemental Cash Flow Information

The elements of lease expense were as follows (in thousands): 

	Year Ended December 31, 2019
Operating lease cost	$	5,405
Finance lease cost:
Amortization of right-of-use assets	13,124
Interest on lease liabilities	3,205
Total finance lease cost	16,329
Other lease cost, net (1)	1,149
Total lease cost	$	22,883

(1) Other lease cost, net includes short-term sublease income, short-term lease costs, and variable lease costs, which are immaterial.

The following table presents the lease-related assets and liabilities recorded on the Consolidated Balance Sheet (in thousands):

	As of December 31, 2019
Operating leases:
Other assets	$	24,362
Other current liabilities	$	4,134
Other liabilities	22,322
Total operating lease liabilities	$	26,456
Finance leases:
Property and equipment, net	$	59,696
Finance lease obligations—current	$	8,275
Finance lease obligations—net of current portion	53,611
Total finance lease liabilities	$	61,886

The following table summarizes the weighted average remaining lease term and weighted average discount rate as of December 31, 2019:

	As of December 31, 2019
Weighted average remaining lease term:
Operating leases	5.94 years
Finance leases	6.37 years
Weighted average discount rate:
Operating leases	4.26	%
Finance leases	4.31	%

Schedule of Cash Flow Activities, Lessee

Supplemental cash flow information related to leases was as follows (in thousands):

	Year Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	(4,889	)
Operating cash flows used in finance leases	(3,181		)
Finance cash flows used in finance leases	(10,833		)

Schedule of Future Minimum Operating Lease Payments

Future minimum lease payments under non-cancelable leases for the years ending December 31, 2020, 2021, 2022, 2023, 2024 and thereafter are as follows (in thousands):

	Operating Leases		Finance Leases
2020	$	5,152	$	10,805
2021	4,928		11,152
2022	4,942		10,677
2023	4,981		10,599
2024	4,298		10,678
Thereafter	5,688		17,037
Total future minimum lease payments	29,989		70,948
Less imputed interest	3,533		9,062
Total	$	26,456	$	61,886

Schedule of Future Minimum Finance Lease Payments

Future minimum lease payments under non-cancelable leases for the years ending December 31, 2020, 2021, 2022, 2023, 2024 and thereafter are as follows (in thousands):

	Operating Leases		Finance Leases
2020	$	5,152	$	10,805
2021	4,928		11,152
2022	4,942		10,677
2023	4,981		10,599
2024	4,298		10,678
Thereafter	5,688		17,037
Total future minimum lease payments	29,989		70,948
Less imputed interest	3,533		9,062
Total	$	26,456	$	61,886

Schedule of Commitments Under Previous Presentation

The following table represents the Company’s commitments under its previous presentation of its capital, operating, and build-to-suit lease agreements as of December 31, 2018 (in thousands):

	Capital Lease Obligations		Operating Leases		Build-to-Suit Lease
Periods ending
2019	$	4,392	$	4,904	$	9,451
2020	1,754		4,783		9,522
2021	481		4,185		10,354
2022	—		4,180		10,520
2023	—		4,205		10,599
Thereafter	—		9,760		27,715
Total minimum payments required	$	6,627	$	32,017	$	78,161
Amounts representing interest	648
Present value of net minimum payments	5,979
Current maturities	3,884
Long-term payment obligations	$	2,095

The following table represents the Company’s commitments under its purchase obligations as of December 31, 2019 (in thousands):

	Purchase Obligations
Periods ending
2020	$	34,153
2021	30,735
2022	32,122
2023	700
2024	—
Thereafter	—
Total purchase obligations	$	97,710