Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Summary of Lease Costs

Information related to the Company's total lease costs were as follows (in thousands):

	Year Ended
	December 31, 2019
Operating lease cost	$	7,825
Variable lease cost		1,068
Short-term lease cost		304
Total lease cost	$	9,197

Summary of Information Related to ROU Assets and Related Lease Liabilities

Information related to the Company's ROU assets and related lease liabilities were as follows (in thousands):

	Year Ended
	December 31, 2019
Cash paid for operating lease liabilities	$	7,479
Right-of-use assets obtained in exchange for new operating lease obligations (1)		30,792
(1) Year ended balance includes $25.8 million for operating leases existing on January 1, 2019 and $5.0 million for operating leases that commenced in 2019.
	As of December 31, 2019
Weighted-average remaining lease term	3.9 years
Weighted-average discount rate	4.3		%

Reconciliation of Undiscounted Future Minimum Lease Payments Under Noncancellable Operating Leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancellable operating leases with terms of more than one year to the total operating lease liabilities recognized on the consolidated balance sheets as of December 31, 2019 (in thousands):

January 1, 2020 through December 31, 2020	$	7,576
2021		7,024
2022		5,515
2023		4,058
2024		2,078
Thereafter		460
Total undiscounted future minimum lease payments		26,711
Less: Difference between undiscounted lease payments and discounted operating lease liabilities		2,157
Total operating lease liabilities	$	24,554
Current operating lease liabilities	$	6,671
Long-term operating lease liabilities		17,883
Total operating lease liabilities	$	24,554

Summary of Future Minimum Lease Payments for Operating Leases

As previously disclosed in our 2018 Annual Report on Form 10-K, under the previous lease accounting standard, future minimum lease payments for operating leases were as follows as of December 31, 2018 (in thousands):

Year Ending
December 31,
2019	$	7,135
2020		6,198
2021		5,673
2022		4,125
2023		2,642
Thereafter		1,474
	$	27,247