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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Components of Lease Cost

The components of lease cost were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2019

 

Operating lease cost

 

$

3,359

 

 

$

6,783

 

 

 

 

 

 

 

 

 

 

Finance lease cost:

 

 

 

 

 

 

 

 

Amortization of ROU assets

 

$

126

 

 

$

247

 

Interest on lease liabilities

 

 

5

 

 

 

10

 

Total finance lease cost

 

$

131

 

 

$

257

 

Schedule of Supplemental Balance Sheet Information Related to Lease Liabilities

Supplemental balance sheet information related to lease liabilities at June 30, 2019, was as follows:

 

(in thousands, except lease term and discount rate)

 

 

 

Operating leases:

 

 

 

Operating lease ROU assets

$

28,878

 

 

 

 

 

Current portion of operating lease liabilities

$

9,412

 

Operating lease liabilities, net of current portion

 

20,722

 

Total operating lease liabilities

$

30,134

 

 

 

 

 

Weighted average remaining lease term

4.2 years

 

Weighted average discount rate

 

5.3

%

 

 

 

 

Finance leases:

 

 

 

Property and equipment

$

2,607

 

Accumulated depreciation

 

(1,111

)

Property and equipment, net

$

1,496

 

 

 

 

 

Current portion of long-term debt

$

447

 

Long-term debt, net of current portion

 

851

 

Total finance lease liabilities

$

1,298

 

 

 

 

 

Weighted average remaining lease term

3.2 years

 

Weighted average discount rate

 

3.4

%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the six months ended June 30, 2019, was as follows (in thousands):

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

Operating cash flows from operating leases

$

(5,665

)

Operating cash flows from finance leases

$

(25

)

Financing cash flows from finance leases

$

(209

)

 

 

 

 

ROU assets obtained in exchange for lease obligations:

 

 

 

Operating leases

$

6,545

 

Finance leases

$

566

 

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities at June 30, 2019, were as follows (in thousands):

 

Year ending December 31,

 

 

 

2019 (excluding the six months ended June 30, 2019)

$

5,715

 

2020

 

9,508

 

2021

 

7,089

 

2022

 

4,811

 

2023

 

2,971

 

Thereafter

 

3,335

 

Total lease payments

 

33,429

 

Less: imputed interest

 

3,295

 

Total operating lease liabilities

$

30,134