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Leases | 12 Months Ended
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Dec. 31, 2019
Leases [Abstract] |
Leases | 10. Leases The Company leases facilities and certain equipment under noncancelable operating leases that expire at various dates through February 2031. Under the terms of the facilities leases, the Company is required to pay its proportionate share of property taxes, insurance and normal maintenance costs. In 2015, the Company entered into a master lease agreement giving the Company the ability to lease vehicles under operating leases with initial terms of 36 months from the date of delivery. In 2018, the lease agreement was terminated and a new master lease agreement was entered into with a new vendor giving the Company the ability to lease vehicles under operating leases with initial terms ranging from 12 to 50 months from the date of delivery. The Company adopted Topic 842 as of January 1, 2019. Prior period amounts have not been adjusted and continue to be reported in accordance with the Company’s historic accounting under Topic 840. Therefore, there were no lease liabilities or right-of-use assets in 2018. The Company leases facilities and certain equipment under noncancelable operating leases with remaining lease terms of 0.3 year to 6.1 years, one of which includes an option to extend the lease for one five-year term. This optional period was not considered in the determination of the right-of-use asset or the lease liability as the Company did not consider it reasonably certain that it would exercise such option. The operating lease costs were as follows (in thousands):
|  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Operating lease cost |  | $ | 5,155 |  |  | $ | 4,503 |  |  | $ | 3,828 |
Supplemental cash flow information related to the Company’s leases were as follows (in thousands):
|  | Year Ended |
|  | December 31, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases |  | $ | 4,841 |
Right-of-use assets obtained in exchange for operating lease obligations: |  |  | 13,399 |
The balance sheet classification of the Company’s lease liabilities was as follows (in thousands):
|  | December 31, 2019 |
Operating lease liabilities |  |  |  |
Current portion included in accrued liabilities |  | $ | 3,434 |
Operating lease liabilities |  |  | 6,361 |
Total operating lease liabilities |  | $ | 9,795 |
Maturities of lease liabilities were as follows (in thousands):
|  | Operating Leases |
Years ending December 31, |  |  |  |
2020 |  | $ | 3,563 |
2021 |  |  | 2,660 |
2022 |  |  | 2,089 |
2023 |  |  | 1,192 |
2024 |  |  | 1,080 |
Thereafter |  |  | 1,011 |
Total lease payments |  |  | 11,595 |
Less: |  |  |  |
Imputed interest |  |  | (1,800 | )
Total operating lease liabilities |  | $ | 9,795 |
Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company uses its incremental borrowing rate based on the information available at the lease commencement date. As of December 31, 2019, the weighted average remaining lease term is 4.7 years and the weighted average discount rate used to determine the operating lease liability was 8.0%. In the fourth quarter of 2018, the Company entered into an agreement to lease a new corporate office space in San Diego, California with total minimum lease payments of $53.7 million over an initial term of 10 years and 9 months. As of December 31, 2019, the lease had not yet commenced. This operating lease is expected to commence in the third quarter of 2020, but may commence earlier if the lessor makes the space available for use earlier than anticipated. In connection with this lease agreement, the Company established a letter of credit for $2.2 million, which has automatic annual extensions and is fully secured by restricted cash. Disclosures related to periods prior to adoption of the New Lease Standard Estimated annual future minimum payments related to the Company’s operating leases and other long-term contractual obligations were as follows at December 31, 2018 (in thousands):
2019 |  | $ | 4,770 |
2020 |  |  | 4,170 |
2021 |  |  | 6,906 |
2022 |  |  | 7,181 |
2023 |  |  | 6,568 |
Thereafter |  |  | 38,683 |
|  | $ | 68,278 |

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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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