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Leases (Tables) | 6 Months Ended
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Jun. 30, 2019
Lessee Lease Description [Line Items] |
Schedule of Quantitative Information and Other Information Related to Leases | Quantitative information related to leases is presented in the following table (dollars in thousands):
| For the Quarter Ended June 30, 2019 |  | For the Year to Date Ended June 30, 2019 |
Lease expenses (1) |  |  |  |  |  |
Fixed lease expenses - operating (1) | $ | 3,335 |  | $ | 6,705 |
Variable lease expenses - operating (1) |  | 2,248 |  |  | 4,634 |
Sublease income (1) |  | (1,149 | ) |  | (2,257 | )
Total lease expenses (1) |  | 4,434 |  |  | 9,082 |
Other information |  |  |  |  |  |
Gross operating cash flows for operating leases (2) | $ | (8,003 | ) | $ | (18,103 | )
Operating cash flows from subleases (2) |  | 1,055 |  |  | 2,305 |
|  |  |  | As of June 30, 2019 |
Weighted average remaining lease term (in months) – operating leases |  |  |  |  | 70 |
Weighted average discount rate – operating leases |  |  |  |  | 5.4 | %
__________________
| (1) | Lease expense and sublease income represent the amount recorded within our unaudited condensed consolidated statement of (loss) income and comprehensive (loss) income. Variable lease amounts represent expenses recognized as incurred which are not included in the lease liability. Fixed lease expenses and sublease income are recorded on a straight-line basis over the lease term and therefore are not necessarily representative of cash payments during the same period.
| (2) | Cash flows are presented on a consolidated basis, including continuing and discontinued operations, and represent cash payments for fixed and variable lease costs.
Schedule of Future Minimum Lease Payments under Operating Leases Included in Lease Liabilities for Continuing and Discontinued Operations | As of June 30, 2019, future minimum lease payments under operating leases which are included in lease liabilities on our condensed consolidated balance sheet for continuing operations are as follows (dollars in thousands):
|  | Operating Leases Total |
2019 (1) |  | $ | 7,431 |
2020 |  |  | 16,462 |
2021 |  |  | 11,403 |
2022 |  |  | 8,652 |
2023 and thereafter |  |  | 22,364 |
Total |  | $ | 66,312 |
Less: imputed interest |  |  | 10,707 |
Present value of future minimum lease payments |  |  | 55,605 |
Less: current lease liabilities |  |  | 13,390 |
Non-current lease liabilities |  | $ | 42,215 |
__________________ (1) Amounts provided are for liabilities remaining as of June 30, 2019. As of December 31, 2018, future minimum lease payments under operating leases for continuing and discontinued operations were as follows (dollars in thousands):
|  | Operating Leases |  |  |  |  |
|  | Continuing Operations |  |  | Discontinued Operations |  |  | Total |
2019 (1) |  | $ | 21,076 |  |  | $ | 808 |  |  | $ | 21,884 |
2020 |  |  | 17,728 |  |  |  | - |  |  |  | 17,728 |
2021 |  |  | 12,070 |  |  |  | - |  |  |  | 12,070 |
2022 |  |  | 8,638 |  |  |  | - |  |  |  | 8,638 |
2023 and thereafter |  |  | 22,298 |  |  |  | - |  |  |  | 22,298 |
Total |  | $ | 81,810 |  |  | $ | 808 |  |  | $ | 82,618 |
__________________
(1) | Amounts include payments due associated with executed early terminations of real estate leases and represent payments for the full year 2019.
Schedule of Future Minimum Sublease Rental Income under Operating Leases | As of June 30, 2019, future minimum sublease rental income under operating leases, which will decrease our future minimum lease payments presented above, is as follows (dollars in thousands):
|  | Operating Subleases Total |
2019 (1) |  | $ | 1,555 |
2020 |  |  | 2,765 |
2021 |  |  | 1,081 |
2022 |  |  | 777 |
2023 and thereafter |  |  | 330 |
Total |  | $ | 6,508 |
_____________________
(1) | Sublease receivables remaining as of June 30, 2019.
ASC 842 [Member] |
Lessee Lease Description [Line Items] |
Schedule of Transition to ASC 842 on Condensed Consolidated Balance Sheet | Upon transition to ASC 842 as of January 1, 2019, the following beginning balances were restated within our condensed consolidated balance sheet (dollars in thousands):
|  | December 31, 2018 |  |  | Impact of Modified Retrospective Adoption of ASC 842 |  |  | January 1, 2019 Post ASC 842 Adoption |
Prepaid expenses (1) |  | $ | 7,771 |  |  | $ | (1,502 | ) |  | $ | 6,269 |
Right of use asset |  |  | - |  |  |  | 45,963 |  |  |  | 45,963 |
Deferred income tax assets, net |  |  | 81,628 |  |  |  | (325 | ) |  |  | 81,303 |
Assets of discontinued operations, non-current |  |  | 178 |  |  |  | 57 |  |  |  | 235 |
Lease liability - operating, current |  |  | - |  |  |  | 18,656 |  |  |  | 18,656 |
Other accrued expenses, current (1) |  |  | 19,668 |  |  |  | (5,950 | ) |  |  | 13,718 |
Liabilities of discontinued operations, current |  |  | 536 |  |  |  | 57 |  |  |  | 593 |
Lease liability - operating, non-current |  |  | - |  |  |  | 48,238 |  |  |  | 48,238 |
Deferred rent obligations (1) |  |  | 12,745 |  |  |  | (12,745 | ) |  |  | - |
Other liabilities, non-current (1) |  |  | 17,493 |  |  |  | (5,098 | ) |  |  | 12,395 |
Accumulated deficit (2) |  |  | (52,946 | ) |  |  | 1,035 |  |  |  | (51,911 | )
__________________
(1) | Balances as of December 31, 2018 that related to prepaid rent, remaining lease obligations for vacated spaces and deferred rent obligations were offset with the ROU asset as of January 1, 2019.
(2) | Certain leases resulted in a negative ROU asset upon transition to ASC 842 related to vacated spaces that had liabilities previously established. Those leases that resulted in a negative ROU asset were recorded as an adjustment, net of tax, to accumulated deficit within stockholders equity on our condensed consolidated balance sheet as of January 1, 2019.

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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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