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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases  
Activity related to the company's leases

Activity related to the Company's leases for the three and nine months ended September 30, 2019 is as follows (in thousands):

 

 

 

 

 

 

 

 

 

Three Months

 

Nine Months

 

 

Ended

 

Ended

 

 

September 30, 

 

September 30, 

 

    

2019

    

2019

Operating lease expense

 

$

2,580

    

$

7,727

Cash for amounts included in the measurement of operating liability

 

$

2,823

 

$

8,460

Right-of-use assets obtained in exchange for operating liabilities

 

$

 —

 

$

 —

 

At September 30, 2019, the weighted average borrowing rate and weighted average lease term are as follows:

 

 

 

 

 

    

Amount

 

Weighted average borrowing rate

 

2.9

%

Weighted average remaining lease term (years)

 

5.9

 

 

Schedule of maturity of lease liabilities and future minimum lease payments

The following table presents the maturity of lease liabilities as of September 30, 2019 (in thousands):

 

 

 

 

 

    

Amount

Remainder of 2019

 

$

2,980

2020

 

 

8,322

2021

 

 

5,801

2022

 

 

4,049

2023

 

 

3,860

Thereafter

 

 

11,121

Total future minimum lease payments

 

 

36,133

Less imputed interest

 

 

(3,003)

Lease liability

 

$

33,130

 

At December 31, 2018, the future minimum lease payments were as follows (in thousands):

 

 

 

 

 

 

    

Amount

2019

 

$

11,393

2020

 

 

7,580

2021

 

 

5,317

2022

 

 

4,051

2023

 

 

3,877

Thereafter

 

 

11,156

Total

 

$

43,374