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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Components of Lease Cost

The components of lease cost were as follows:

 

 

Three Months Ended March 31,

 

 

2019

 

 

(in thousands)

 

Operating lease expense

$

13,681

 

Sublease income

 

(925

)

Total net lease costs

$

12,756

 

Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases

Lease Term and Discount Rate

The weighted-average remaining lease term (in years) and discount rate related to the operating leases were as follows:

 

 

Three Months Ended March 31,

 

 

2019

 

Weighted-average remaining lease term

 

7.3

 

Weighted-average discount rate

 

6.2

%

Present Value of Operating Lease Liabilities

Maturity of Lease Liabilities

The present value of our operating lease liabilities as of March 31, 2019 were as follows:

 

 

Operating Leases

 

 

(in thousands)

 

Remainder of 2019

$

50,778

 

2020

 

67,626

 

2021

 

66,495

 

2022

 

59,443

 

2023

 

57,828

 

Thereafter

 

168,038

 

Total lease payments

$

470,208

 

Less: Imputed interest

 

(94,837

)

Present value of lease liabilities

$

375,371