Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases recorded on the balance sheet consists of the following:



	March 31,
Leases	2019
Assets
Operating lease right-of-use assets, net (1)	$	22,002
Financing lease right-of-use assets, net (2)	8,618
Total assets	$	30,620
Liabilities
Current
Operating	$	5,595
Financing	2,875
Total current	8,470
Noncurrent
Operating	17,109
Financing	4,862
Total noncurrent	21,971
Total liabilities	$	30,441

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $1.4 million as of March 31, 2019.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $4.5 million as of March 31, 2019

Other information related to lease term and discount rate is as follows:



	March 31,
	2019
Weighted Average Remaining Lease Term
Operating leases	5.59 years
Financing leases	1.74 years
Weighted Average Discount Rate
Operating leases (1)	4.76	%
Financing leases	5.44	%

(1) Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.

The components of lease expense are as follows:



	Three Months Ended
	March 31, 2019
Operating lease costs:
Operating lease cost	$	1,701
Short-term lease cost (1)	68
Financing lease costs:
Interest on lease liabilities	103
Amortization of right-of-use assets	569
Total lease cost	$	2.441

(1) Excludes expenses related to leases with a lease term of one month or less.

Supplemental cash flow information related to leases is as follows:



	Three Months Ended
	March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,674
Operating cash flows for finance leases	$	103
Financing cash flows for finance leases	$	696
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	23,431
ROU assets obtained in exchange for new financing lease liabilities	$	—

Maturities of lease liabilities are summarized as follows



	Operating Leases		Finance Leases
Year ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	5,022	$	2,783
2020	5,614		2,876
2021	4,298		2,521
2022	2,823		—
2023	2,268		—
Thereafter	6,011		—
Total future minimum lease payments	26,036		8,180
Less - amount representing interest	3,332		443
Present value of future minimum lease payments	22,704		7,737
Less - current lease obligations	5,595		2,875
Long-term lease obligations	$	17,109	$	4,862

Maturities of lease liabilities are summarized as follows



	Operating Leases		Finance Leases
Year ending December 31,
2019 (excluding the three months ended March 31, 2019)	$	5,022	$	2,783
2020	5,614		2,876
2021	4,298		2,521
2022	2,823		—
2023	2,268		—
Thereafter	6,011		—
Total future minimum lease payments	26,036		8,180
Less - amount representing interest	3,332		443
Present value of future minimum lease payments	22,704		7,737
Less - current lease obligations	5,595		2,875
Long-term lease obligations	$	17,109	$	4,862