Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases

Schedule of lease cost and other information

	Six Months Ended June 30, 2019
Lease Cost
Operating lease cost (a)	$	6,112
Sublease income		(724)
Short-term lease cost (b)		5,300
Total lease cost	$	10,688
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	4,211
Weighted-average remaining lease term in years - operating leases		8.9
Weighted-average discount rate - operating leases		6.32	%

(a) Includes approximately $1.8 million of variable lease cost.

(b) Includes expenses associated with short-term leases of billboard advertisements and is included in “Marketing Funds expenses” on the Condensed Consolidated Statements of Income.

Schedule of maturities of lease liabilities under non-cancellable leases

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
Remainder of 2019	$	4,290	$	(559)	$	3,731
2020		8,750		(888)		7,862
2021		9,004		(775)		8,229
2022		9,000		(804)		8,196
2023		9,173		(822)		8,351
Thereafter		43,711		(1,382)		42,329
Total lease payments	$	83,928	$	(5,230)	$	78,698
Less: imputed interest		20,521
Present value of lease liabilities	$	63,407

Schedule of previous lease accounting, maturities of lease liabilities

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2019	$	9,402	$	(1,087)	$	8,315
2020		9,601		(873)		8,728
2021		9,341		(775)		8,566
2022		9,011		(804)		8,207
2023		9,169		(827)		8,342
Thereafter		43,556		(1,382)		42,174
Total lease payments	$	90,080	$	(5,748)	$	84,332