Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases

Schedule of components of lease expense and related cash flows

The components of lease expense and related cash flows were as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Lease cost
Operating lease cost	$	1,185	$	99	$	3,428	$	296
Short-term lease cost		—		55		—		117
Total lease cost	$	1,185	$	154	$	3,428	$	413
Operating cash outflows from operating leases	$	1,443	$	103	$	3,097	$	307

Schedule of maturities of operating lease liability

Years Ending December 31,		Operating  Lease Obligations (1)		Finance Lease Obligation (2)		Total
2019 (remaining three months)	$	1,025	$	11	$	1,036
2020		4,141		41		4,182
2021		4,233		41		4,274
2022		4,021		41		4,062
2023		3,960		—		3,960
Thereafter		35,415		—		35,415
Present value adjustment		(22,601)		(23)		(22,624)
Present value of lease payments	$	30,194	$	111	$	30,305

(1) Future minimum lease payments under the Company’s Watertown Lease and its Vehicle Fleet Lease.

(2) Future minimum lease payments under the Company’s finance lease obligation.

Schedule of maturities of finance lease liability

Future minimum commitments due under the Company’s lease agreements as of September 30, 2019 were as follows (in thousands):

Years Ending December 31,		Operating  Lease Obligations (1)		Finance Lease Obligation (2)		Total
2019 (remaining three months)	$	1,025	$	11	$	1,036
2020		4,141		41		4,182
2021		4,233		41		4,274
2022		4,021		41		4,062
2023		3,960		—		3,960
Thereafter		35,415		—		35,415
Present value adjustment		(22,601)		(23)		(22,624)
Present value of lease payments	$	30,194	$	111	$	30,305

(1) Future minimum lease payments under the Company’s Watertown Lease and its Vehicle Fleet Lease.

(2) Future minimum lease payments under the Company’s finance lease obligation.