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Leases | 6 Months Ended
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Jun. 30, 2019
Leases [Abstract] |
Leases | Leases We have operating leases for office facilities and finance leases for computer and office equipment. Our leases have remaining terms of less than one year to eight years, some of which include one or more options to renew, with renewal terms up to five years and some of which include options to terminate the leases within the next three to six years. The ROU assets and liabilities as of June 30, 2019 assume the option to early terminate one of our leases in 2021 and one of our leases in 2025. The components of lease expense were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Operating lease cost | $ | 1,100 |  |  | $ | 917 |  |  | $ | 2,081 |  |  | $ | 1,770 |
Finance lease cost |  |  |  |  |  |  |
Amortization of ROU assets | $ | 155 |  |  | $ | 152 |  |  | $ | 308 |  |  | $ | 304 |
Interest on lease liabilities | 1 |  |  | 10 |  |  | 3 |  |  | 19 |
Total finance lease cost | $ | 156 |  |  | $ | 162 |  |  | $ | 311 |  |  | $ | 323 |
Rent expense for short-term leases in the three and six months ended June 30, 2019 and 2018 was not material. Supplemental information related to leases was as follows:
| June 30, 2019 |  | December 31, 2018
Operating leases |  |  |
Weighted average remaining lease term | 3.4 years |  | 3.1 years
Weighted average discount rate | 6.8% |  | 7.1%
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
ROU assets obtained in exchange for lease obligations |  |  |  |  |  |  |
Operating leases | $ | — |  |  | $ | 1,262 |  |  | $ | 2,198 |  |  | $ | 1,262 |
Finance leases | — |  |  | — |  |  | 11 |  |  | — |
Maturities of operating lease liabilities at June 30, 2019 were as follows:
(in thousands) |
Year ending December 31, |
2019(1) | $ | 2,195 |
2020 | 4,181 |
2021 | 2,243 |
2022 | 926 |
2023 | 694 |
Thereafter | 1,337 |
Total lease payments | 11,576 |
Less: imputed interest | (1,071 | )
Total | $ | 10,505 |
_______________ (1) Represents the six months ending December 31, 2019. As of June 30, 2019, the operating lease for our future headquarters had not commenced and we did not have control of the space to be leased. We plan to take possession of the leased office space in the third quarter of 2019, at which time we will record a right-of-use asset and corresponding lease liability, and begin to record rent expense. Future lease payments related to this lease are $68.2 million and the lease payments are expected to commence in the first quarter of 2021.
Leases | Leases We have operating leases for office facilities and finance leases for computer and office equipment. Our leases have remaining terms of less than one year to eight years, some of which include one or more options to renew, with renewal terms up to five years and some of which include options to terminate the leases within the next three to six years. The ROU assets and liabilities as of June 30, 2019 assume the option to early terminate one of our leases in 2021 and one of our leases in 2025. The components of lease expense were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Operating lease cost | $ | 1,100 |  |  | $ | 917 |  |  | $ | 2,081 |  |  | $ | 1,770 |
Finance lease cost |  |  |  |  |  |  |
Amortization of ROU assets | $ | 155 |  |  | $ | 152 |  |  | $ | 308 |  |  | $ | 304 |
Interest on lease liabilities | 1 |  |  | 10 |  |  | 3 |  |  | 19 |
Total finance lease cost | $ | 156 |  |  | $ | 162 |  |  | $ | 311 |  |  | $ | 323 |
Rent expense for short-term leases in the three and six months ended June 30, 2019 and 2018 was not material. Supplemental information related to leases was as follows:
| June 30, 2019 |  | December 31, 2018
Operating leases |  |  |
Weighted average remaining lease term | 3.4 years |  | 3.1 years
Weighted average discount rate | 6.8% |  | 7.1%
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
ROU assets obtained in exchange for lease obligations |  |  |  |  |  |  |
Operating leases | $ | — |  |  | $ | 1,262 |  |  | $ | 2,198 |  |  | $ | 1,262 |
Finance leases | — |  |  | — |  |  | 11 |  |  | — |
Maturities of operating lease liabilities at June 30, 2019 were as follows:
(in thousands) |
Year ending December 31, |
2019(1) | $ | 2,195 |
2020 | 4,181 |
2021 | 2,243 |
2022 | 926 |
2023 | 694 |
Thereafter | 1,337 |
Total lease payments | 11,576 |
Less: imputed interest | (1,071 | )
Total | $ | 10,505 |
_______________ (1) Represents the six months ending December 31, 2019. As of June 30, 2019, the operating lease for our future headquarters had not commenced and we did not have control of the space to be leased. We plan to take possession of the leased office space in the third quarter of 2019, at which time we will record a right-of-use asset and corresponding lease liability, and begin to record rent expense. Future lease payments related to this lease are $68.2 million and the lease payments are expected to commence in the first quarter of 2021.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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
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- 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
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