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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule Of Lease Information



 

 

 



 

As of



 

June 30,



 

2019

Operating Lease Asset

 

$

23,395 

Operating Lease Liability

 

 

24,584 

Weighted Average Lease Term (in years) (1)

 

 

4.1 

Weighted Average Discount Rate (2)

 

 

5.30% 



(1)

Our weighted average lease term excludes one real estate lease that expires in May 2056.

(2)

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments.  To estimate incremental borrowing rates, we consider various factors, including the rates applicable to our recently issued debt and credit facilities and prevailing financial market conditions. We use the incremental borrowing rate as of January 1, 2019 for operating leases that commenced prior to that date.



Schedule Of Lease Costs



 

 

 

 

 

 



 

For the Three Months Ended

 

For the Six Months Ended



 

June 30,

 

June 30,



 

2019

 

2019

Fixed rental costs

 

$

1,772 

 

$

3,894 

Short-term lease cost

 

 

1,132 

 

 

2,302 

Variable lease cost

 

 

649 

 

 

1,248 

Total operating lease costs

 

$

3,553 

 

$

7,444 



 

 

 

 

 

 



Schedule Of Maturity Of Operating Lease Liabilities



 

 

 

As of June 30,

 

Operating Leases

2019

  

$

6,433 

2020

  

 

5,550 

2021

  

 

4,421 

2022

  

 

4,063 

2023

 

 

2,175 

After 2023

  

 

12,121 

Total lease payments

  

$

34,763 

Less: Interest

 

 

10,179 

Present value of operating lease liabilities

 

$

24,584