Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases

Schedule of minimum lease payments under the Company’s operating leases

As of September 30, 2019, minimum lease payments under the Company’s operating leases are as follows (in thousands):

Year Ending December 31,
2019 (three months ending December 31)	$	3,284
2020		9,224
2021		7,551
2022		7,186
2023		7,390
2024		7,601
Thereafter		22,058
		64,294
Less: imputed interest		(15,857)
	$	48,437

As of December 31, 2018, minimum commitments under the Company’s operating leases, as required under prior lease guidance in ASC 840, were as follows (in thousands):

Year Ending December 31,
2019	$	5,458
2020		7,141
2021		7,168
2022		6,820
2023		7,024
Thereafter		27,777
	$	61,388

Schedule of future undiscounted cash inflows under the sublease

As of September 30, 2019, future undiscounted cash inflows under the sublease are as follows (in thousands):

Year Ending December 31,
2019 (three months ending December 31)	$	182
2020		735
2021		541
	$	1,458

Schedule of lease cost and lease liabilities for the Company’s lease portfolio

The components of lease cost and supplemental balance sheet information for the Company’s lease portfolio were as follows (in thousands, except term and discount rate amounts):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019		2019
Lease Cost
Operating lease cost	$	2,136	$	4,769
Short-term lease cost		20		116
Variable lease cost		624		1,554
Sublease income		(270)		(639)
Total lease cost	$	2,510	$	5,800
Operating Leases
Operating lease, right-of-use-asset			$	47,911
Operating lease liabilities			$	6,998
Operating lease liabilities, net of current portion			$	41,439
Other information:
Weighted average remaining lease term - operating leases				7.70 years
Weighted-average discount rate - operating leases				7.58%