Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Components of lease expense, and lease assets and liabilities

The components of lease expense were as follows:

		Three Months Ended			Six Months Ended
(in thousands)		June 30, 2019
Finance lease cost:
	Amortization of right-to-use assets (included in depreciation expense)		$	178	$	356
	Interest on lease liabilities			141		287
Operating lease cost				4,232		8,680
Short-term lease cost				121		321
Variable lease cost				371		737
	Total lease cost		$	5,043	$	10,381
					Six Months Ended
					June 30, 2019
Other information:
	Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows used for finance lease				$	303
	Operating cash flows used for operating leases				$	7,447
	Financing cash flows used for finance lease				$	566
	Right-to-use assets obtained in exchange for new operating lease liabilities				$	15,206

The lease assets and liabilities as of June 30, 2019 were as follows (in thousands):

		June 30,
		2019
Finance lease right-of-assets (included in other assets)	$	2,667
Operating lease right-of-use assets	$	83,985
Finance liability, current (included in current installments of long-term debt)	$	1,244
Finance lease liability, noncurrent (included in long-term debt)	$	4,338
Operating lease liability, current (included in other accrued liabilities)	$	11,737
Operating lease liability, noncurrent	$	73,878
Weighted average remaining lease term – finance leases	3.8 years
Weighted average remaining lease term – operating leases	10.3 years
Weighted average discount rate – finance leases		10.1%
Weighted average discount rate – operating leases		4.7%

Future annual minimum lease payments and finance lease commitments

Future annual minimum lease payments and finance lease commitments as of June 30, 2019 were as follows (in thousands):

		Operating			Finance
Year ending December 31,			Leases		Leases
	2,019 (remaining six months)	$	7,785	$	877
	2020		14,544		1,781
	2021		12,236		1,816
	2022		10,512		1,853
	2023		9,892		465
	2,024 and thereafter		55,185		—
	Total minimum lease payments	$	110,154	$	6,792
	Less: imputed interest		(24,539)		(1,210)
	Present value of lease liabilities	$	85,615	$	5,582

Future annual minimum lease payments and capital lease commitments in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 were as follows (in thousands):

			Operating		Capital
Year ending December 31,			Leases		Leases
	2019	$	15,272	$	1,746
	2020		14,518		1,781
	2021		12,203		1,816
	2022		10,466		1,853
	2023		9,890		465
	Thereafter		47,868		—
	Total minimum lease payments	$	110,217	$	7,661
	Less: amount representing interest				1,514
	Present value of minimum lease payments				6,147
	Less: current installments				1,168
	Capital lease obligations, less current installments			$	4,979