Leases

6 Months Ended

Jun. 30, 2019

We have operating leases for real estate, vehicles and certain equipment. Our leases have remaining lease terms of less than one year to 15 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within one year. At the present time all of our leases are classified as operating leases. Our short-term lease expense was $0.9 million and $1.7 million for the three and six months ended June 30, 2019, respectively.

The accounting for some of our leases may require significant judgment, which includes determining the incremental borrowing rates to utilize in our net present value calculation of lease payments for lease agreements which do not provide an implicit rate and assessing the likelihood of renewal or termination options.



	Three Months Ended			Six Months Ended
Long-term Lease Cost (in thousands)	June 30, 2019			June 30, 2019
Operating lease cost (a)	$	3,046		$	5,979

Sublease income	$	(134	)	$	(264	)


(a)	Includes variable lease costs, which are immaterial.



	Three Months Ended		Six Months Ended
Other Information (in thousands)	June 30, 2019		June 30, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	2,949	$	5,568

Right-of-use assets obtained in an exchange for lease obligations
Operating leases	$	1,110	$	3,501



Lease Term and Discount Rate		June 30, 2019
Weighted average remaining lease term (years)
Operating leases		6.35

Weighted average discount rate
Operating leases		10.42%



Maturity of Operating Lease Liabilities (in thousands)	June 30, 2019
2019	$	5,508
2020	9,682
2021	8,071
2022	6,210
2023	4,412
Thereafter	13,296
Total undiscounted lease payments	47,179
Less: interest	12,677
Present value of lease liabilities	$	34,502

Future minimum lease commitments under noncancelable operating leases with initial or remaining terms of one year or more at December 31, 2018, were as follows (in thousands):



Year Ending December 31,	Amount
2019	$	10,544
2020	9,120
2021	7,370
2022	6,006
2023	4,251
Thereafter	13,103
Total future lease commitments	$	50,394