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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Lease Expense

Lease expense consisted of the following for the three and nine months ended September 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30, 2019

 

 

September 30, 2019

 

Operating lease cost

$

2,447

 

 

$

8,241

 

Short-term lease expense (1)

 

39

 

 

 

426

 

Total lease expense

$

2,486

 

 

$

8,667

 

 

(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 nine months ended September 30, 2019 is as follows (in thousands):

 

Nine Months Ended

 

 

September 30, 2019

 

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

 

 

 

Operating cash flows from operating leases

$

7,459

 

 

 

 

 

Right of use assets obtained in exchange for lease obligations:

 

 

 

Operating leases

$

928

 

Summary of Supplemental Balance Sheet Information Related to Leases

 

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

 

 

 

 

 

September 30, 2019

 

Weighted Average Remaining Lease Term:

 

 

 

Operating leases

4.8 years

 

 

 

 

 

Weighted Average Discount Rate:

 

 

 

Operating leases

 

4.5

%

 

 

Summary of Maturities of Operating Lease Liabilities

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

 

Year ending December 31,

 

 

 

2019 (excluding the nine months ended September 30, 2019)

$

2,682

 

2020

 

9,317

 

2021

 

6,665

 

2022

 

4,707

 

2023

 

2,663

 

Thereafter

 

6,552

 

Total lease payments

 

32,586

 

Less imputed interest

 

(3,307

)

Total

$

29,279

 

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