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Leases, Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Condensed Consolidated Balance Sheets of Operating Leases

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of operating leases:

 

(In thousands)

 

Balance sheet location

 

As of June 30, 2019

 

Assets

 

 

 

 

 

 

Right of use operating asset

 

Right of use operating asset

 

$

37,224

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

Current operating lease

   liabilities

 

Other current liabilities

 

 

7,393

 

Long-term operating lease

   liabilities

 

Long-term lease operating

liability, net of current portion

 

 

33,309

 

Total operating lease

   liabilities

 

 

 

$

40,702

 

Schedule of Effect of Lease Cost In Condensed Consolidated Statements of Operations and Comprehensive Loss

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive loss:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 30, 2019

 

 

June 30, 2019

 

Operating lease cost

 

$

2,436

 

 

$

4,880

 

Schedule of Minimum Lease Payments

The minimum lease payments are expected to be as follows:

 

Years Ending December 31,

 

(in thousands)

 

2019 (remaining six months)

 

$

5,080

 

2020

 

 

10,244

 

2021

 

 

9,972

 

2022

 

 

8,898

 

2023

 

 

9,105

 

Thereafter

 

 

5,560

 

Total lease payments

 

 

48,859

 

Less imputed interest

 

 

(8,157

)

Present value of operating lease liabilities

 

$

40,702

 

Schedule of Future Minimum Lease Payments, Under Non-Cancelable Operating Leases

Under the prior lease guidance, future minimum lease payments under non-cancelable operating leases were as follows at December 31, 2018:

 

Years Ending December 31,

 

(in thousands)

 

2019

 

$

7,918

 

2020

 

 

8,299

 

2021

 

 

8,463

 

2022

 

 

8,692

 

2023

 

 

8,894

 

Thereafter

 

 

5,415

 

 

 

$

47,681

 

Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate of Our Operating Leases

The weighted average remaining lease term and weighted average discount rate of the Company’s operating leases are as follows:

 

 

 

As of June 30, 2019

 

Weighted average remaining lease term in years

 

4.86

 

Weighted average discount rate

 

7.5%

 

Schedule of Supplemental Disclosure of Cash Flow Information Related To Operating Leases

Supplemental disclosure of cash flow information related to the Company’s operating leases included in cash flows used by operating activities in the condensed consolidated statements of cash flows is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands)

 

June 30, 2019

 

 

June 30, 2019

 

Cash paid for amounts included in the

   measurement of lease liabilities

 

$

2,513

 

 

$

4,867

 

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange

   for lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

$

872

 

 

$

872