Leases (Tables)

12 Months Ended

Dec. 31, 2019

Assets And Liabilities, Lessee [Table Text Block]

Operating and financing lease right-of-use assets and lease liabilities as of December 31, 2019 and January 1, 2019 (the date of adoption of ASC 842) were as follows (in thousands):



	December 31,		January 1,
	2019		2019
Assets:
Right-of-use assets, operating, net ^{(1) (2)}	$	86,414	$	63,334
Right-of-use assets, financing, net ^{(3) (4)}	9,544		9,853
Total	$	95,958	$	73,187

Liabilities:
Current:
Operating lease liabilities⁽⁵⁾	$	3,584	$	6,455
Non-current:
Operating lease liabilities, non-current	93,675		64,250
Financing lease liabilities, non-current	38,689		37,718
Total non-current lease liabilities	132,364		101,968
Total	$	135,948	$	108,423

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⁽¹⁾At December 31, 2019, these assets are real estate related assets, which include land, office and laboratory spaces.

⁽²⁾Net of accumulated depreciation.

⁽³⁾At December 31, 2019, these assets are real estate assets related to the MTC South lease.

⁽⁴⁾Included in property and equipment in the consolidated balance sheets, net of accumulated depreciation.

⁽⁵⁾Included in other current liabilities in the consolidated balance sheets.

Lease, Cost

Weighted average remaining lease terms and discount rates as of December 31, 2019 were as follows:



	December 31,
	2019
Remaining lease term:
Operating leases	12 years
Finance leases	33 years
Discount rate:
Operating leases	9.7	%
Finance leases	17.2	%

Supplemental cash flow information relating to our leases for the year ended December 31, 2019 was as follows (in thousands):



	December 31,
	2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows used in operating leases	$	(16,121	)
Operating cash flows used in financing leases	(5,585		)
Financing cash flows provided by financing leases	971

Operating lease non-cash items:
Right-of-use assets reduced through lease modifications and reassessments	2,717
Right-of-use assets obtained in exchange for operating lease liabilities	34,014

The components of the lease costs for the year ended December 31, 2019 were as follows (in thousands):



	December 31,
	2019
Operating lease costs	$	17,015
Financing lease costs:
Amortization of right-of-use assets, financing leases	309
Interest expense for financing lease liabilities	6,557
Total financing lease costs	$	6,866
Variable lease costs	4,399

Finance Lease Maturity

Future minimum lease payments under non-cancelable lease agreements as of December 31, 2019, were as follows (in thousands):



Fiscal Year	Operating Leases ⁽¹⁾			Financing Leases ⁽¹⁾
2020	$	12,563		$	5,738
2021	13,814			5,894
2022	14,120			6,054
2023	14,365			6,219
2024	14,708			6,387
Thereafter	103,439			264,156
Total minimum lease payments	173,009			294,448
Less amounts representing interest or imputed interest	(75,750		)	(255,759		)	⁽²⁾
Present value of lease liabilities	$	97,259		$	38,689

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⁽¹⁾Include the optional extensions in the MTC South lease term which represent a total of $10.3 million and $208.5 million un-discounted future lease payments in operating leases and financing leases, respectively.

⁽²⁾Based on an imputed interest rate of 17.2%.

Operating Lease Maturity

Future minimum lease payments under non-cancelable lease agreements as of December 31, 2019, were as follows (in thousands):



Fiscal Year	Operating Leases ⁽¹⁾			Financing Leases ⁽¹⁾
2020	$	12,563		$	5,738
2021	13,814			5,894
2022	14,120			6,054
2023	14,365			6,219
2024	14,708			6,387
Thereafter	103,439			264,156
Total minimum lease payments	173,009			294,448
Less amounts representing interest or imputed interest	(75,750		)	(255,759		)	⁽²⁾
Present value of lease liabilities	$	97,259		$	38,689

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⁽²⁾Based on an imputed interest rate of 17.2%.

Future Minimum Lease Payments Under Non-Cancelable Operating Lease Agreements

Prior to adoption of ASC 842, future minimum lease payments under non-cancelable operating lease agreements as of December 31, 2018, which were undiscounted and excluded non-lease components, were as follows (in thousands):



Fiscal Year	Minimum Lease Payments
2019	$	20,027
2020	20,404
2021	20,937
2022	20,208
2023	17,235
Thereafter	112,958
Total	$	211,769

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⁽¹⁾The amounts in the table above do not include any optional extensions in our lease terms.