Leases

9 Months Ended

Sep. 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 14 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 $1.0 million and $2.7 million for the three and nine months ended September 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			Nine Months Ended
Long-term Lease Cost (in thousands)	September 30, 2019			September 30, 2019
Operating lease cost (a)	$	2,824		$	8,803

Sublease income	$	(136	)	$	(400	)


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



	Three Months Ended		Nine Months Ended
Other Information (in thousands)	September 30, 2019		September 30, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	2,202	$	7,770

Right-of-use assets obtained in an exchange for lease obligations
Operating leases	$	738	$	4,239



Lease Term and Discount Rate		September 30, 2019
Weighted average remaining lease term (years)
Operating leases		6.26

Weighted average discount rate
Operating leases		10.45%



Maturity of Operating Lease Liabilities (in thousands)	September 30, 2019
2019	$	3,103
2020	9,857
2021	8,172
2022	6,244
2023	4,406
Thereafter	13,289
Total undiscounted lease payments	45,071
Less: interest	12,647
Present value of lease liabilities	$	32,424

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