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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Schedule of minimum lease payments under the Company’s operating leases

As of December 31, 2019, minimum lease payments under the Company’s operating leases are as follows (in thousands):

 

 

 

 

Year ending December 31, 

    

 

 

2020

 

$

10,540

2021

 

 

7,574

2022

 

 

7,186

2023

 

 

7,390

2024

 

 

7,601

Thereafter

 

 

22,058

 

 

 

62,349

Less: imputed interest

 

 

(14,942)

 

 

$

47,407

 

Schedule of minimum commitments under the Company’s operating leases, as required under prior lease guidance in ASC 840

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 December 31, 2019, future undiscounted cash inflows under the sublease are as follows (in thousands):

 

 

 

 

 

Year ending December 31, 

    

 

 

2020

 

$

735

2021

 

 

541

 

 

$

1,276

 

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):

 

 

 

 

 

 

 

Year ended December 31, 

 

    

2019

Lease Cost

 

 

 

Operating lease cost

 

$

7,208

Short-term lease cost

 

 

127

Variable lease cost

 

 

1,976

Sublease income

 

 

(908)

Total lease cost

 

$

8,403

 

 

 

 

Operating Leases

 

 

 

Operating lease, right-of-use-asset

 

$

46,559

Operating lease liabilities

 

$

10,540

Operating lease liabilities, net of current portion

 

$

36,867

 

 

 

 

Other information:

 

 

 

Weighted average remaining lease term - operating leases

 

 

7.47 years

Weighted-average discount rate - operating leases

 

 

7.58%