XML 33 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
 
The Company leases facilities in Ann Arbor, Michigan and Cambridge, Massachusetts. In March 2016, the Company amended its current lease in Cambridge to, among other provisions, extend the term until February 2022. Under the amendment, the landlord will contribute approximately $2.0 million toward the cost of tenant improvements. The contribution toward the cost of tenant improvements is recorded as deferred rent on the Company's condensed consolidated balance sheet and is amortized to the Company's condensed consolidated statement of operations as reductions to rent expense over the lease term. As of September 30, 2018, the Company has recorded $1.9 million of leasehold improvements funded by the tenant improvement allowance.

In addition to the property leases, the Company also leases an offsite warehouse, various vehicles and computer equipment. The Company's purchase commitments consist of minimum purchase amounts of materials used in the Company's cell manufacturing process to manufacture its marketed cell therapy products. The Company’s agreement with Orsini includes certain minimum administrative fees included in purchase commitments below.

As of September 30, 2018, future minimum payments related to leases and other contractual obligations are as follows: 
(In thousands)
 
Total
 
2018
 
2019
 
2020
 
2021
 
2022
 
More than 5 years
Operating leases
 
$
16,915

 
$
1,273

 
$
4,908

 
$
4,902

 
$
4,811

 
$
957

 
$
64

Debt and interest related payments
 
20,860

 
814

 
6,290

 
5,817

 
7,939

 

 

Purchase commitments
 
3,206

 
526

 
711

 
681

 
644

 
644

 

Total
 
$
40,981

 
$
2,613

 
$
11,909

 
$
11,400

 
$
13,394

 
$
1,601

 
$
64


 
Rent expense for the three and nine months ended September 30, 2018 was $1.3 million and $4.1 million, respectively, and $1.5 million and $4.1 million for the same periods in 2017.