Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Components of Lease Costs

The components of lease costs, which consist of rent expense for leased office space, during the year ended December 31, 2019 were as follows:

	Year Ended December 31, 2019
	(in thousands)
Fixed operating lease cost	$	16,900
Short-term lease cost		2,025
Sublease income		(887	)
Total lease cost	$	18,038

Supplemental Cash Flow Information Related to Operating Leases Average Lease Terms and Discount Rates

Supplemental cash flow information related to the Company’s operating leases as well as the weighted-average lease term and discount rate as of December 31, 2019 were as follows:

	Year Ended December 31, 2019
Cash paid for operating lease liabilities (in thousands)	$	13,694
Operating lease assets obtained in exchange for new operating lease obligations (in thousands)	$	29,714
Weighted-average remaining lease term (years)		8.8
Weighted-average discount rate		5.0	%

Summary of Future Operating Lease Payments

Future lease payments under the Company’s operating lease agreements as of December 31, 2019 were as follows:

	(in thousands)
2020	$	10,185
2021		19,184
2022		17,205
2023		17,295
2024		16,355
Thereafter		72,304
Total future lease payments	$	152,528
Less interest		(32,096	)
Present value of lease liabilities	$	120,432

Summary of Future Minimum Payments under Non cancelable Operating Lease

As previously reported in the 2018 Form 10-K under ASC Topic 840, future minimum lease payments under the Company’s operating lease agreements that had initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2018 were as follows:

	(in thousands)
2019	$	13,009
2020		14,874
2021		14,243
2022		12,219
2023		12,220
Thereafter		57,503
Total	$	124,068