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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of lease expense, supplemental cash flow information and non-cash transactions related to Company's leases The following table sets forth the Company’s components of lease expense:
Three Months Ended June 30, 2019Six Months Ended June 30, 2019
 (In thousands)
Operating lease costs$6,799 $18,475 
Variable lease costs(1)
3,963 5,003 
Short-term lease costs907 1,370 
Finance lease costs:
Amortization of ROU assets650 1,216 
Interest on lease liabilities69 124 
Total lease costs$12,388 $26,188 
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(1)Based on payments made by the Company to lessors for the right to use an underlying asset that vary because of changes in circumstances occurring after the commencement date, other than the passage of time, such as property taxes, operating and maintenance costs.
Maturities of the Company's lease liabilities
As of June 30, 2019, maturities of the Company’s lease liabilities are as follows:
Operating LeasesFinance Leases
 (In thousands)
2019 (excluding the six months ended June 30, 2019)$6,276 $1,440 
2020 4,594 2,881 
2021 1,680 2,068 
2022 2,297 1,298 
2023 2,345 234 
Thereafter12,802 684 
Total future lease payments$29,994 $8,605 
Less: Imputed interest4,137 705 
Present value of future lease payments$25,857 $7,900 
Maturities of the Company's lease liabilities
As of June 30, 2019, maturities of the Company’s lease liabilities are as follows:
Operating LeasesFinance Leases
 (In thousands)
2019 (excluding the six months ended June 30, 2019)$6,276 $1,440 
2020 4,594 2,881 
2021 1,680 2,068 
2022 2,297 1,298 
2023 2,345 234 
Thereafter12,802 684 
Total future lease payments$29,994 $8,605 
Less: Imputed interest4,137 705 
Present value of future lease payments$25,857 $7,900 
Schedule of future minimum annual rental commitments
As of December 31, 2018, future minimum annual rental commitments under non-cancelable leases under ASC 840 were as follows:
 (In thousands)
2019 $8,723 
2020 7,009 
2021 6,005 
2022 5,130 
2023 4,361 
Thereafter13,134 
Total future minimum lease payments$44,362 
Supplemental balance sheet information
Supplemental balance sheet information related to the Company’s leases are as follows:
Balance Sheet LocationJune 30, 2019
 (In thousands)
Assets
Operating lease assetsOperating right-of-use assets$20,054 
Finance lease assets(1)
Other assets7,900 
Total lease assets$27,954 
Liabilities
Current
Operating lease liabilitiesCurrent operating lease liabilities$7,837 
Finance lease liabilitiesOther current liabilities2,626 
Long-term
Operating lease liabilitiesOperating lease liabilities18,021 
Finance lease liabilitiesOther liabilities5,247 
Total lease liabilities$33,731 
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(1)Finance lease ROU assets are recorded net of accumulated amortization of $1.2 million as of June 30, 2019.
Schedule of supplemental cash flow information
Supplemental cash flow information and non-cash transactions related to the Company’s leases are as follows:
June 30, 2019
 (In thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases$16,696 
Operating cash flows from finance leases124 
Financing cash flows from finance leases941 
ROU assets obtained in exchange for lease obligations
Operating leases$6,803 
Finance leases3,174 
Weighted-average remaining lease term and discount rate for the Company’s leases
Weighted-average remaining lease term and discount rate for the Company’s leases are as follows:
As of June 30, 2019
Operating Leases
Weighted average remaining lease term7.1 years
Weighted average discount rate4.0 %
Finance Leases
Weighted average remaining lease term4.1 years
Weighted average discount rate3.8 %