Leases

9 Months Ended

Sep. 30, 2019

Leases

Leases

7.       Leases

The Company has entered into various operating and finance leases for office space and equipment. The operating leases expire on various dates through 2030, and certain of such leases also contain renewal options and escalation clauses. In addition to the base rent payments, the Company will be obligated to pay a pro rata share of operating expenses and taxes.

The components of lease expense were as follows:

	Three Months Ended				Nine Months Ended
		September 30,				September 30,
	2019		2018		2019		2018
Operating lease cost	$	1,364	$	817	$	3,796	$	2,248
Finance lease cost:
Amortization of leased assets		116		254		525		842
Interest on lease liabilities		16		27		43		97
Total finance lease cost		132		281		568		939
Total lease cost	$	1,496	$	1,098	$	4,364	$	3,187

Operating lease cost includes short-term lease payments and variable lease payments, which are immaterial.

Supplemental balance sheet information related to leases was as follows:

	September 30, 2019
Operating leases:
Operating lease right-of-use assets	$	22,140
Current operating lease liabilities	$	4,214
Noncurrent operating lease liabilities		21,231
Total operating lease liabilities	$	25,445
Finance leases:
Property and equipment	$	3,477
Accumulated amortization		(2,925)
Property and equipment, net	$	552
Current obligations of finance leases	$	334
Finance leases, net of current obligations		6
Total finance lease liabilities	$	340
Weighted average remaining lease term (in years):
Operating leases		8.6
Finance leases		0.5
Weighted average discount rate:
Operating leases		4.43	%
Finance leases		6.06	%

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended
	September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	3,010
Operating cash flows for finance leases		38
Financing cash flows for finance leases		757
Leased assets obtained in exchange for lease liabilities:
Operating leases*	$	4,926
Finance leases		—

*Excludes operating lease assets acquired in connection with the acquisitions of DoseMe and PrescribeWellness.

Maturities of lease liabilities as of September 30, 2019 were as follows:

	Operating leases		Finance leases
2019	$	1,093	$	192
2020		4,451		150
2021		3,989		4
2022		3,489		—
2023		3,267		—
Thereafter		15,365		—
Total minimum lease payments		31,654		346
Less imputed interest		(6,209)		(6)
Present value of lease liabilities		25,445		340
Less current portion		(4,214)		(334)
Total long-term lease liabilities	$	21,231	$	6

As of September 30, 2019, the Company has additional operating lease commitments that have not yet commenced of approximately $3,104 for two office spaces in Tucson, Arizona, which are expected to be occupied in January 2020 and have lease terms of six to seven years from the occupancy date.

As previously disclosed in the 2018 Form 10-K and under the previous lease accounting standard, future minimum lease payments for operating and finance leases having initial or remaining cancellable lease terms in excess of one year would have been as follows as of December 31, 2018:
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	Payments due by period
			Less						More
			than 1						than 5
	Total		year		1-3 years		3-5 years		years
Capital leases	$	1,141	$	987	$	154	$	—	$	—
Operating leases		32,367		3,793		7,183		6,114		15,277
Total	$	33,508	$	4,780	$	7,337	$	6,114	$	15,277