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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Components of Lease Cost and Other Lease

The following table presents the Company’s total lease cost and other lease details for the year ended December 31, 2019 (in thousands, except years and discount rates):

 

 

 

Year Ended December 31,

 

 

 

2019

 

Lease cost:

 

 

 

 

Operating lease cost

 

$

15,020

 

Short-term lease cost

 

 

2,015

 

Variable lease cost

 

 

1,175

 

Total lease cost

 

$

18,210

 

Other information:

 

 

 

 

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

 

$

15,614

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

5,016

 

Weighted average remaining lease term in years – operating leases

 

 

10.0

 

Weighted average discount rate – operating leases

 

 

6.0

%

 

Schedule of Maturities of Operating Lease Liabilities

The following table presents the maturities of the Company’s operating lease liabilities as of December 31, 2019 (in thousands):

 

For the year ended December 31,

 

 

 

 

2020

 

$

16,050

 

2021

 

 

15,722

 

2022

 

 

15,216

 

2023

 

 

15,235

 

2024

 

 

13,487

 

Thereafter

 

 

75,872

 

Total lease payments

 

 

151,582

 

Less: imputed interest

 

 

(38,556

)

Total

 

$

113,026

 

 

 

 

 

 

Reported as:

 

 

 

 

Current operating lease liabilities

 

$

9,602

 

Non-current operating lease liabilities

 

 

103,424

 

Total

 

$

113,026

 

 

Schedule of Future Minimum Payments under Contractual Obligations

The following table shows future minimum payments under noncancellable operating leases and purchase agreements with initial terms of greater than one year, based on the expected due dates of the various installments as of December 31, 2018 (in thousands), as previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, prior to the adoption of ASU 2016-02:

 

Year

 

Operating Leases

 

2019

 

$

27,768

 

2020

 

 

25,583

 

2021

 

 

18,573

 

2022

 

 

15,694

 

2023

 

 

15,607

 

Thereafter

 

 

92,347

 

 

 

$

195,572

 

 

The following table shows future minimum payments under noncancellable purchase agreements with initial terms of greater than one year and anticipated payments related to the Transition Tax resulting from the Tax Act, based on the expected due dates of the various installments as of December 31, 2019 (in thousands):

 

Year

 

Purchase

Obligations

 

 

Transition

Tax

 

2020

 

$

12,004

 

 

$

896

 

2021

 

 

4,969

 

 

 

2,952

 

2022

 

 

685

 

 

 

2,951

 

2023

 

 

671

 

 

 

5,534

 

2024

 

 

676

 

 

 

7,379

 

Thereafter

 

 

1,392

 

 

 

9,223

 

 

 

$

20,397

 

 

$

28,935