Recent Accounting Standards	6 Months Ended
Jun. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Standards	3. Recent Accounting Standards Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which amends the impairment model by requiring entities to use a forward looking approach, based on expected losses, to estimate credit losses on certain type of financial instruments, including trade receivables. The standard is effective for the Company beginning January 1, 2020, with early adoption permitted. The Company is currently evaluating the impact of the standard on our Consolidated Financial Statements. On January 1, 2019 the Company adopted ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) using the modified retrospective approach for all lease arrangements at the beginning period of adoption. Results for the reporting period beginning January 1, 2019 are presented under ASU 2016-02, which required, among other items, lessees to recognize a right-of-use asset (“ROU assets”) and lease liability for most leases. As permitted by the new lease standard, the Company elected (i) not to reevaluate land easements if they were not previously accounted for as leases, (ii) not to reassess prior conclusions about lease identification, lease classification and initial direct costs (iii) not to apply the recognition requirements to short-term leases, and (iv) not to separate non-lease components from associated lease components, for all classes of underlying assets. Upon adoption of the new lease standard, the Company recorded right of use assets of $46.7 million and lease liabilities of $48.2 million in connection with its operating leases. See Note 5 for additional information regarding our commitments under various lease obligations.

Recent Accounting Standards

6 Months Ended

Jun. 30, 2019

Accounting Changes And Error Corrections [Abstract]

3. Recent Accounting Standards

Recent Accounting Pronouncements

In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which amends the impairment model by requiring entities to use a forward looking approach, based on expected losses, to estimate credit losses on certain type of financial instruments, including trade receivables. The standard is effective for the Company beginning January 1, 2020, with early adoption permitted. The Company is currently evaluating the impact of the standard on our Consolidated Financial Statements.

On January 1, 2019 the Company adopted ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”) using the modified retrospective approach for all lease arrangements at the beginning period of adoption. Results for the reporting period beginning January 1, 2019 are presented under ASU 2016-02, which required, among other items, lessees to recognize a right-of-use asset (“ROU assets”) and lease liability for most leases. As permitted by the new lease standard, the Company elected (i) not to reevaluate land easements if they were not previously accounted for as leases, (ii) not to reassess prior conclusions about lease identification, lease classification and initial direct costs (iii) not to apply the recognition requirements to short-term leases, and (iv) not to separate non-lease components from associated lease components, for all classes of underlying assets. Upon adoption of the new lease standard, the Company recorded right of use assets of $46.7 million and lease liabilities of $48.2 million in connection with its operating leases. See Note 5 for additional information regarding our commitments under various lease obligations.