Leases (Tables)

6 Months Ended

Jun. 30, 2019

Operating Lease Assets and Liabilities Recognized on Balance Sheets

The table below presents the operating lease assets and liabilities recognized on the condensed consolidated balance sheets as of June 30, 2019 (in thousands):

	June 30, 2019
Operating Lease Assets:
Right-of use lease assets	$	187,178
Operating Lease Liabilities:
Current lease liabilities		28,768
Non-current lease liabilities		158,782
Total operating lease liabilities	$	187,550

Weighted Average Remaining Lease Term and Discount Rate for Operating Leases

The weighted average remaining lease term and weighted average discount rate for operating leases as of June 30, 2019 are:

	June 30, 2019
Weighted Average Remaining Lease Term
Operating leases	7.5 years
Weighted Average Discount Rate
Operating leases	6.71%

Undiscounted Future Minimum lease Payments

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancelable leases with terms of more than one year to the total lease liabilities recognized on the condensed consolidated balance sheets as of June 30, 2019 (in thousands):

	Operating Leases
July 1, 2019 thru December 31, 2019		20,205
2020		39,095
2021		36,696
2022		31,300
2023		24,749
Thereafter		89,818
Total undiscounted future minimum lease payments		241,863
Less: difference between undiscounted lease payments and discounted operating lease liabilities		(54,313	)
Total operating lease liabilities		187,550

Components of Lease Expense

Components of lease expense were as follows (in thousands):

	Three months ended June 30, 2019		Six months ended June 30, 2019
Operating lease cost	$	10,465	$	20,693
Short-term lease cost		30		40
Variable lease cost		1,281		2,812
Total lease expense	$	11,776	$	23,545

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows (in thousands):

	Six months ended June 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	20,085
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	22,519