Leases

6 Months Ended

Jun. 30, 2019

We have entered into renewable commitment agreements for certain real estate facilities and equipment, such as computers and printers, which we individually classify as either operating or finance leases. We possess contractual options to renew certain leases ranging from 6 months to 5 years at a time, as well as, in certain instances, contractual options to terminate leases with varying notification requirements and potential termination fees. As of June 30, 2019, our leases with initial terms greater than twelve months had remaining lease terms of up to 13 years.

The following table provides a breakdown of lease balances within our condensed consolidated balance sheet as of June 30, 2019 and December 31, 2018:



(in thousands)
Lease Type and Classification	Included Within	June 30, 2019		December 31, 2018 (1)
Assets
Operating	Operating lease assets	$	61,910	$	—
Finance	Property and equipment, net	6,417		5,002
Total		$	68,327	$	5,002

Liabilities
Current
Operating	Operating lease liabilities, current	$	16,473	$	—
Finance	Current portion of long-term debt	2,615		2,340
Long-term
Operating	Operating lease liabilities, net of current	80,268		—
Finance	Long-term debt, net of current	3,886		2,753
Total		$	103,242	$	5,093

(1) As permitted, December 31, 2018 is presented under GAAP in effect at that time. As such, 2018 does not contain comparable operating assets and/or liabilities. See Note 1 - Basis for Condensed Consolidated Financial Statements for further details.

For the three and six months ended June 30, 2019, the components of lease cost are as follows:



(in thousands)		June 30, 2019
Lease Cost	Included Within	For the Three Months Ended		For the Six Months Ended
Finance lease cost
Amortization of lease assets	Depreciation and amortization	$	746	$	1,571
Interest on lease liabilities	Interest expense	$	38	$	68

Operating lease cost	SG&A	$	5,396	$	11,031
Operating lease cost	Cost of services	36		72
		$	5,432	$	11,103

Total lease cost for all operating leases, including month-to-month rentals, for the three and six months ended June 30, 2018, excluding taxes, was $5.4 million and $11.3 million, respectively.

Other supplementary information for the six months ended June 30, 2019 are as follows:



(in thousands)
Other Information	Finance Leases			Operating Leases
Cash paid for amounts included in measurement of liabilities
Operating cash outflows	$	68		$	13,334
Financing cash outflows	$	1,603		$	—

Right-of-use assets obtained in exchange for lease liabilities	$	3,008		$	2,115
Weighted average remaining lease term (years)	3.1			8.45
Weighted average discount rate	3.70		%	6.50		%

Maturities of lease liabilities as of June 30, 2019 are as follows:



(in thousands)	Finance Leases			Operating Leases
2019	$	1,394		$	10,440
2020	2,483			23,237
2021	1,596			18,018
2022	976			11,162
2023	375			8,840
Thereafter	70			57,518
Total lease payments	6,894			129,215
Less imputed interest	(393		)	(32,474		)
Total	$	6,501		$	96,741

Future minimum lease commitments, undiscounted, as of December 31, 2018 were as follows:



(in thousands)
2019	$	26,738
2020	25,413
2021	19,214
2022	12,149
2023	8,908
Thereafter	57,179
Total	$	149,601

As of June 30, 2019, we have two operating leases for facilities which have not yet commenced with a combined initial lease liability of approximately $11.0 million and initial terms ranging from 8 to 9 years. These liabilities are not reflected within the 2019 maturity schedule above.