XML 79 R17.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2019
Leases [Abstract] |
LEASES | 9. LEASES Expense
(in thousands) | 2019
Fixed lease costs | $ | 18,250 |
Short-term lease costs | 1,291 |
Variable lease costs | 5,554 |
| $ | 25,095 |
Total rent expense under operating leases was approximately $14.9 million and $14.7 million for 2018 and 2017, respectively. Right of use assets and lease liabilities
(in thousands) | December 31, 2019
Right of use assets (1) | $ | 58,273 |
Lease liabilities (2) | $ | 15,885 |
Long-term lease liabilities | $ | 52,610 |
(1) Represents the Company’s right to use the leased asset during the lease term. Included in other long-term assets. (2) Included in other current liabilities. The weighted-average remaining lease term and discount rate for the Company’s leases were:
| December 31, 2019
Weighted-average remaining lease term | 4 years |
Weighted-average discount rate (1) | 5.8 | %
(1) The rates implicit in most of the Company’s leases are not readily determinable, therefore the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease in a similar economic environment. Maturities of lease liabilities are:
(in thousands) | December 31, 2019
2020 | $ | 19,373 |
2021 | 18,702 |
2022 | 17,671 |
2023 | 16,615 |
2024 and thereafter | 4,734 |
Total lease payments | 77,095 |
Less: imputed interest (1) | (8,600 | )
Total short and long-term lease liabilities | $ | 68,495 |
(1) Lease liabilities are measured at the present value of the remaining lease payments using a discount rate determined at lease commencement unless the discount rate is updated as a result of a lease reassessment event. As of December 31, 2018, the Company’s future minimum rental payments required under operating leases with noncancellable terms in excess of one year as determined before the adoption of ASC 842 were:
(in thousands) | Operating Leases (1)
2019 | $ | 15,993 |
2020 | 14,807 |
2021 | 13,262 |
2022 | 12,279 |
2023 | 11,084 |
| $ | 67,425 |
(1) Operating leases include future minimum rent payments, net of estimated sublease income for facilities that the Company has vacated pursuant to its restructuring activities. Cash flow information
(in thousands) | 2019
Cash paid for leases | 19,727 |
Right of use assets recognized for new leases and amendments (non-cash) | 31,155 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration