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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Balance Sheet Classification

Balance Sheet Classification

 

(in thousands)

Classification

 

September 30, 2019

 

Assets

 

 

 

 

 

Operating lease assets

Other long-term assets

 

$

16,241

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current operating lease liability

Accounts payable and accrued liabilities

 

$

4,883

 

Noncurrent operating lease liability

Other long-term obligations

 

 

11,433

 

Total lease liabilities

 

 

$

16,316

 

 

 

 

 

 

 

Schedule of Other Operating Lease Information

Other Operating Lease Information

 

 

 

 

Nine Months Ended

 

(in thousands)

 

 

September 30, 2019

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows for operating leases

 

$

4,503

 

Leased assets exchanged for new operating lease liabilities

 

$

6,317

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

Weighted-average remaining terms (years)

 

 

4.40

 

Weighted-average discount rate

 

 

4.13

%

 

 

 

 

 

 

 

Operating lease costs (excluding short-term leases and variable lease costs, which are immaterial) for the three and nine months ended September 30, 2019 were $1.6 million and $4.5 million, respectively.

Schedule of Maturity of Lease Liabilities

Maturity of Operating Lease Liabilities

At September 30, 2019, the future minimum lease payment obligations under noncancelable operating leases were as follows:

 

(in thousands)

 

 

 

 

2019

 

$

1,432

 

2020

 

 

5,282

 

2021

 

 

4,263

 

2022

 

 

2,597

 

2023

 

 

1,662

 

After 2023

 

 

2,610

 

Total lease payments

 

 

17,846

 

Less: interest1

 

 

1,530

 

Present value of lease liabilities

 

$

16,316

 

 

 

 

 

 

 

1

Calculated using the interest rate for each lease.

Schedule of Future Minimum Lease Payment for Operating Leases

At December 31, 2018, future minimum lease payment obligations under noncancelable operating leases were as follows:

 

(in thousands)

 

 

 

 

2019

 

$

5,130

 

2020

 

 

4,135

 

2021

 

 

3,142

 

2022

 

 

1,538

 

2023

 

 

629

 

2024 and thereafter

 

 

575

 

Total

 

$

15,149