Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases recorded on the balance sheet consists of the following:



	June 30,
Leases	2019
Assets
Operating lease right-of-use assets, net (1)	$	21,510
Financing lease right-of-use assets, net (2)	8,238
Total assets	$	29,748
Liabilities
Current
Operating	$	5,677
Financing	2,935
Total current	8,612
Noncurrent
Operating	16,485
Financing	4,291
Total noncurrent	20,776
Total liabilities	$	29,388

(1) Operating lease right-of-use assets are recorded net of accumulated amortization of $2.9 million as of June 30, 2019.

(2) Financing lease right-of-use assets are recorded net of accumulated amortization of $5.1 million as of June 30, 2019

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



	June 30,
	2019
Weighted Average Remaining Lease Term
Operating leases	5.42 years
Financing leases	1.63 years
Weighted Average Discount Rate
Operating leases (1)	4.78	%
Financing leases	5.34	%

(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		Six Month Ended
	June 30, 2019		June 30, 2019
Operating lease costs:
Operating lease cost	$	1,759	$	3,460
Short-term lease cost (1)	87		155
Financing lease costs:
Interest on lease liabilities	97		200
Amortization of right-of-use assets	585		1,154
Total lease cost	$	2.528	$	4.969

(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:



	Six Months Ended
	June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,417
Operating cash flows for finance leases	$	200
Financing cash flows for finance leases	$	1,412
Non-cash activity:
ROU assets obtained in exchange for new operating lease liabilities	$	24,437
ROU assets obtained in exchange for new financing lease liabilities	$	205

Maturities of lease liabilities are summarized as follows



	Operating Leases		Finance Leases
Year ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	3,492	$	1,749
2020	5,932		3,193
2021	4,527		3,136
2022	2,978		46
2023	2,385		42
Thereafter	6,006		7
Total future minimum lease payments	25,320		8,173
Less - amount representing interest	3,158		947
Present value of future minimum lease payments	22,162		7,226
Less - current lease obligations	5,677		2,935
Long-term lease obligations	$	16,485	$	4,291

Maturities of lease liabilities are summarized as follows



	Operating Leases		Finance Leases
Year ending December 31,
2019 (excluding the six months ended June 30, 2019)	$	3,492	$	1,749
2020	5,932		3,193
2021	4,527		3,136
2022	2,978		46
2023	2,385		42
Thereafter	6,006		7
Total future minimum lease payments	25,320		8,173
Less - amount representing interest	3,158		947
Present value of future minimum lease payments	22,162		7,226
Less - current lease obligations	5,677		2,935
Long-term lease obligations	$	16,485	$	4,291