Leases

9 Months Ended

Sep. 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 2 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 September 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 September 30, 2019 and December 31, 2018:



(in thousands)
Lease Type and Classification	Included Within	September 30, 2019		December 31, 2018 (1)
Assets
Operating	Operating lease assets	$	65,302	$	—
Finance	Property and equipment, net	6,203		5,002
Total		$	71,505	$	5,002

Liabilities
Current
Operating	Operating lease liabilities, current	$	16,839	$	—
Finance	Current portion of long-term debt	2,622		2,340
Long-term
Operating	Operating lease liabilities, net of current	85,844		—
Finance	Long-term debt, net of current	3,697		2,753
Total		$	109,002	$	5,093

(1) As permitted, December 31, 2018 is presented under the guidance 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 nine months ended September 30, 2019, the components of lease cost are as follows:



(in thousands)		September 30, 2019
Lease Cost	Included Within	For the Three Months Ended		For the Nine Months Ended
Finance lease cost
Amortization of lease assets	Depreciation and amortization	$	736	$	2,307
Interest on lease liabilities	Interest expense	$	39	$	107

Operating lease cost	Selling, general and administrative expenses	$	5,284	$	16,315
Operating lease cost	Cost of services	136		208
		$	5,420	$	16,523

Total lease cost for all operating leases, including month-to-month rentals, for the three and nine months ended September 30, 2018, excluding taxes, was $5.5 million and $16.8 million, respectively.

Other supplementary information for the nine months ended September 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	$	107		$	19,714
Financing cash outflows	$	2,306		$	—

Right-of-use assets obtained in exchange for lease liabilities	$	3,537		$	9,587
Weighted average remaining lease term (years)	2.8			8.4
Weighted average discount rate	3.78		%	6.34		%

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



(in thousands)	Finance Leases			Operating Leases
2019	$	759		$	4,122
2020	2,621			24,732
2021	1,737			19,760
2022	1,117			12,911
2023	446			10,596
Thereafter	70			63,691
Total lease payments	6,750			135,812
Less imputed interest	(431		)	(33,129		)
Total	$	6,319		$	102,683

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 September 30, 2019, we have three operating leases for facilities which have not yet commenced with a combined initial lease liability of approximately $4.6 million and initial terms ranging from 2 to 8 years. These liabilities are not reflected in our condensed consolidated balance sheet or the maturity schedule as of September 30, 2019 shown above.