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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Summary of Lease Expense Lease expense consisted of the following for the three and six months ended June 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30, 2019

 

 

June 30, 2019

 

Operating lease cost

$

2,755

 

 

$

5,794

 

Short-term lease expense (1)

 

111

 

 

 

387

 

Total lease expense

$

2,866

 

 

$

6,181

 

 

(1)

Short-term lease expense represents expense related to leases with a contract term of one year or less.

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases for the six months ended June 30, 2019 is as follows (in thousands):

 

 

Six Months Ended

 

 

June 30, 2019

 

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

 

 

 

Operating cash flows from operating leases

$

5,165

 

 

 

 

 

Right of use assets obtained in exchange for lease obligations:

 

 

 

Operating leases

$

627

 

Summary of Supplemental Balance Sheet Information Related to Leases

 

Supplemental balance sheet information related to leases as of June 30, 2019 is as follows:

 

 

 

 

 

June 30, 2019

 

Weighted Average Remaining Lease Term:

 

 

 

Operating leases

4.9 years

 

 

 

 

 

Weighted Average Discount Rate:

 

 

 

Operating leases

 

4.5

%

 

Summary of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2019 are as follows (in thousands):

 

Year ending December 31,

 

 

 

2019 (excluding the six months ended June 30, 2019)

$

5,268

 

2020

 

9,195

 

2021

 

6,668

 

2022

 

4,625

 

2023

 

2,663

 

Thereafter

 

6,552

 

Total lease payments

 

34,971

 

Less imputed interest

 

(3,639

)

Total

$

31,332

 

Summary of Maturities of Operating Lease Liabilities Previously Disclosed

Maturities of operating lease liabilities as of December 31, 2018, as previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, are as follows (in thousands):

 

Year ending December 31,

 

 

 

2019

$

11,408

 

2020

 

9,069

 

2021

 

6,543

 

2022

 

4,625

 

2023

 

2,663

 

Thereafter

 

6,552

 

Total

$

40,860