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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Lease Cost and Other Information

 

(In thousands)

Three months ended

June 30, 2019

 

 

Six months   ended

June 30, 2019

 

Lease Cost

 

 

 

 

 

 

 

Operating lease cost

$

2,711

 

 

$

5,399

 

Short-term lease cost

 

1,148

 

 

 

2,118

 

Variable lease cost

 

233

 

 

 

581

 

Total lease cost

$

4,092

 

 

$

8,098

 

Other Information

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

Operating cash flow from operating leases

$

2,725

 

 

$

5,421

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

595

 

 

 

889

 

 

Schedule of Lease Liability Payments

 

 

 

 

 

 

(In thousands)

 

 

 

 

Undiscounted Cash Flows:

 

 

 

 

2019 (excluding the six months ended June 30, 2019)

 

$

5,379

 

2020

 

 

9,343

 

2021

 

 

6,616

 

2022

 

 

5,457

 

2023

 

 

4,249

 

Subsequent to 2023

 

 

18,011

 

Total Undiscounted Cash Flows

 

$

49,055

 

Less: Imputed interest

 

 

(10,356

)

Present value

 

$

38,699

 

Current operating lease liabilities (1)

 

 

8,987

 

Non-current operating lease liabilities

 

 

29,712

 

Total lease liabilities

 

$

38,699

 

 

 

(1)

This item is included in Accrued liabilities line on the Company’s Condensed Consolidated Balance Sheet.

Schedule of Operating Leases Weighted Average, Remaining Lease Term and Discount Rate

Weighted-average remaining lease term-operating leases

 

9 Years

Weighted-average discount rate-operating leases

 

3.9%

Schedule of Future Minimum Lease Payments Under ASC 840

As required in transition, the table below summarizes the Company’s future minimum lease payments at December 31, 2018 under ASC 840.

 

(In thousands)

 

 

 

 

Year

 

 

 

 

2019

 

$

9,740

 

2020

 

 

8,294

 

2021

 

 

6,027

 

2022

 

 

5,242

 

2023

 

 

4,101

 

Subsequent to 2023

 

 

16,593

 

Total minimum future rental payments

 

$

49,997