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Leases (Tables) | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Lease, Cost | Operating lease expense was as follows:
| For the Three Months Ended September 30, |  |  |  | For the Nine Months Ended September 30, |  |
| 2019 |  | 2018 |  | 2019 |  | 2018
Compensation and benefits | $ | 128 |  |  | $ | 117 |  |  | $ | 388 |  |  | $ | 350 |
Occupancy (1) | 3,736 |  |  | 3,739 |  |  | 12,801 |  |  | 9,793 |
Communication and technology | 82 |  |  | 89 |  |  | 234 |  |  | 251 |
Sublease income | (143) |  |  | — |  |  | (143) |  |  | — |
Total operating lease expense | $ | 3,803 |  |  | $ | 3,945 |  |  | $ | 13,280 |  |  | $ | 10,394 |
(1) Occupancy includes a $1.5 million charge related to the abandonment of a leased office space during the nine months ended September 30, 2019, as discussed below. |  |  |  |  |  |  |
Lessee, Operating Lease, Liability, Maturity | The table below presents the maturity of operating lease liabilities:
| As of September 30, 2019
2019 (excluding the nine months ended September 30, 2019) | $ | 3,955 |
2020 | 16,167 |
2021 | 16,294 |
2022 | 14,802 |
2023 | 13,245 |
Thereafter | 60,495 |
Total undiscounted lease payments | $ | 124,958 |
Adjustment to discount to present value | (22,112) |
Total operating lease liabilities | $ | 102,846 |
Lessee, Operating Lease, Disclosure | Other information related to leases was as follows:
| For the Nine Months Ended September 30, 2019
Weighted average discount rate | 4.7 | %
Weighted average remaining lease term | 8.3 years
Operating cash flows for operating leases | $ | 10,423 |
Schedule of Future Minimum Rental Payments for Operating Leases | At December 31, 2018, the aggregate future minimum payments for leases for each of the following five years and thereafter are as follows:
| As of December 31, 2018
2019 | $ | 14,123 |
2020 | 15,340 |
2021 | 15,215 |
2022 | 13,748 |
2023 | 12,378 |
Thereafter | 57,185 |
Total undiscounted lease payments | $ | 127,989 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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