Leases

3 Months Ended

Mar. 31, 2019

LEASES

The Company has operating leases consisting of office space, vehicle leases, computer equipment, and office equipment. Lease terms and options vary in the Company's operating leases dependent upon the underlying leased asset. We exclude options to extend or terminate a lease from our recognition as part of our right-of-use assets and lease liabilities until those options are known and/or executed, as we typically do not exercise options to purchase the underlying leased asset. As of March 31, 2019, we have leases with remaining terms of 1 year to 7 years, some of which may include no options for renewal and others with options to extend the lease terms from 6 months to 5 years.

The components of our operating leases were as follows:



	As of March 31, 2019

Components of lease expense:
Operating lease expense	$	1,908
Less sublease income	126
Net lease expense	1,782
Cash flows information related to leases:
Operating cash outflow from operating leases	1,800



Balance sheet information for operating leases:	As of March 31, 2019

Operating lease right-of-use assets (Other assets on Consolidated Balance Sheets)	$	19,595
Operating lease liabilities(Accrued expenses and other liabilities on Consolidated Balance Sheets)	20,101
Right-of-use assets obtained in exchange for new operating lease liabilities	94
Weighted average remaining lease term	3.45
Weighted average discount rate	4.84		%



Maturities of lease liabilities:	As of March 31, 2019
2019	$	5,707
2020	7,201
2021	5,138
2022	2,246
2023	1,191
Thereafter	180
Total lease payments	21,663
Less imputed interest	(1,562		)
Lease liability	$	20,101