XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Lease Costs

Information related to the Company's total lease costs were as follows ($ in thousands):

 

 

Three Months Ended

 

 

March 31, 2019

 

Operating lease cost

$

1,956

 

Variable lease cost

 

107

 

Short-term lease cost

 

59

 

Total lease cost

$

2,122

 

Summary of Information Related to ROU Assets and Related Lease Liabilities

Information related to the Company's ROU assets and related lease liabilities were as follows (in thousands):

 

 

Three Months Ended

 

 

 

March 31, 2019

 

 

Cash paid for operating lease liabilities

$

1,731

 

 

Right-of-use assets obtained in exchange for new operating lease obligations (1)

 

26,695

 

 

Weighted-average remaining lease term

4.3 years

 

 

Weighted-average discount rate

4.4

 

%

(1) Includes $25.8 million for operating leases existing on January 1, 2019 and $0.9 million for operating leases that commenced in the first quarter of 2019.

Reconciliation of Undiscounted Future Minimum Lease Payments Under Noncancellable Operating Leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancellable operating leases with terms of more than one year to the total operating lease liabilities recognized on the condensed consolidated balance sheets as of March 31, 2019 (in thousands):

 

April 1, 2019 through December 31, 2019

$

5,564

 

2020

 

6,670

 

2021

 

6,157

 

2022

 

4,627

 

2023

 

3,158

 

Thereafter

 

1,715

 

Total undiscounted future minimum lease payments

 

27,891

 

Less: Difference between undiscounted lease payments and discounted operating lease liabilities

 

2,570

 

Total operating lease liabilities

$

25,321

 

Current operating lease liabilities

$

6,299

 

Long-term operating lease liabilities

 

19,022

 

Total operating lease liabilities

$

25,321

 

Summary of Future Minimum Lease Payments for Operating Leases

As previously disclosed in our 2018 Annual Report on Form 10-K, under the previous lease accounting standard, future minimum lease payments for operating leases having initial or remaining noncancellable lease terms in excess of one year would have been as follows (in thousands):

 

Year Ending

 

 

 

December 31,

 

 

 

2019

$

7,135

 

2020

 

6,198

 

2021

 

5,673

 

2022

 

4,125

 

2023

 

2,642

 

Thereafter

 

1,474

 

 

$

27,247