Leases (Tables)

3 Months Ended

Mar. 31, 2020

Table Text Blocks

Schedule of components of lease cost and supplemental cash flow information

Lease cost is recognized on a straight-line basis over the lease term. The components of lease cost for the three months ended March 31, 2020 and 2019 are as follows (in thousands):

	Three Months Ended
	March 31,
	2020		2019
Operating lease cost during period	$	633	$	4,525
Short-term lease cost		372		389
Total lease cost	$	1,005	$	4,914

Supplemental cash flow information related to leases for the periods reported is as follows:

	Three Months Ended
	March 31,
	2020			2019
Right-of-use assets obtained in exchange for new operating lease upon adoption of ASC 842 (in thousands)	$	—		$	88,299
Cash paid for amounts included in the measurement of lease liabilities (in thousands)		43			4,412
Weighted-average remaining lease term of operating leases (in years)		10.0			5.7
Weighted-average discount rate of operating leases		5.8	%		6.7	%

Schedule of future minimum lease payments under non-cancelable operating leases

Future minimum lease payments under non-cancelable operating leases as of March 31, 2020 are as follows (in thousands):

	Operating
	Lease
	Payments
2020(1)	$	1,102
2021		3,128
2022		3,129
2023		3,065
2024		3,126
2025 and thereafter		18,044
Total future minimum lease payments		31,594
Less: present value adjustment		(8,072)
Operating lease liabilities at March 31, 2020		23,522
Less: current portion of operating lease liabilities		(1,876)
Operating lease liabilities, net of current portion	$	21,646

(1) For the nine months ending December 31, 2020.