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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Amounts Reported in Condensed Consolidated Balance Sheets for Operating Leases

Amounts reported in the Condensed Consolidated Balance Sheets as of September 30, 2019 for our operating leases were as follows:

 

 

 

September 30, 2019

 

 

 

(Amounts in Thousands)

 

Operating lease right of use assets, net

 

$

17,972

 

 

 

 

 

 

Short-term operating lease liabilities (in accrued expenses)

 

 

5,928

 

Long-term operating lease liabilities

 

 

12,559

 

Total operating lease liabilities

 

$

18,487

 

Components of Lease Cost Reported in General and Administrative Expenses in Condensed Consolidated Statements of Income

Components of lease cost were reported in general and administrative expenses in the Condensed Consolidated Statements of Income as follows:

 

 

 

For the Three Months

Ended September 30, 2019

 

 

For the Nine Months

Ended September 30, 2019

 

 

 

(Amounts in Thousands)

 

 

(Amounts in Thousands)

 

Operating lease costs

 

$

1,897

 

 

$

5,101

 

Short-term lease costs

 

 

222

 

 

 

382

 

Total lease cost

 

$

2,119

 

 

$

5,483

 

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates for the nine months ended September 30, 2019 were as follows:

 

 

 

2019

 

Operating leases:

 

 

 

 

Weighted average remaining lease term in years

 

 

3.58

 

Weighted average discount rate

 

 

5.50

%

Summary of Remaining Operating Lease Payments

A summary of our remaining operating lease payments as of September 30, 2019 were as follows:

 

 

 

Operating Leases

 

 

 

(Amounts in Thousands)

 

Due in the 12-month period ended September 30,

 

 

 

 

2020

 

$

6,598

 

2021

 

 

5,796

 

2022

 

 

3,882

 

2023

 

 

2,288

 

2024

 

 

1,251

 

Thereafter

 

 

663

 

Total future minimum rental commitments

 

 

20,478

 

Less: Imputed interest

 

 

(1,991

)

Total lease liabilities

 

$

18,487

 

Summary of Future Minimum Operating Lease Payments

As required by ASC 842, the future minimum operating lease payments on non-cancelable leases as of December 31, 2018 under the accounting standards in effect as of that period were as follows:

 

 

 

Operating Leases

 

 

 

(Amounts in Thousands)

 

Due in the 12-month period ended December 31,

 

 

 

 

2019

 

$

6,374

 

2020

 

 

4,820

 

2021

 

 

3,460

 

2022

 

 

2,377

 

2023

 

 

2,130

 

Thereafter

 

 

1,382

 

Total future minimum rental commitments

 

$

20,543

 

Supplemental Cash Flows Information

 

 

 

For the Nine Months

Ended September 30, 2019

 

 

 

(Amounts in Thousands)

 

Supplemental Cash Flows Information

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

5,393

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

Operating leases

 

$

5,536