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Interim Consolidated Financial Statements (Tables)

3 Months Ended

Mar. 31, 2019

Summary of End-of-period Cash and Cash Equivalents and Cash, Cash Equivalents and Restricted Cash from Financial Statements

The following table summarizes the end-of-period cash and cash equivalents from the Company's Consolidated Balance Sheets and the total cash, cash equivalents and restricted cash as presented in the accompanying Consolidated Statements of Cash Flows (in thousands).

	March 31,
	2019		2018
Cash and cash equivalents	$	75,012	$	82,073
Restricted cash classified in (1):
Prepaid expenses and other current assets		208		—
Other assets		1,148		—
Cash, cash equivalents and restricted cash shown in statement of cash flows	$	76,368	$	82,073

(1)	Restricted cash consists of collateral required primarily for letters of credit. The short-term or long-term classification is determined in accordance with the expiration of the underlying lease as the letters of credit are non-cancellable while the leases are in effect.

Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

	Three Months Ended
	March 31, 2019
Operating lease cost	$	3,569
Short-term lease cost		255
Variable lease cost		1,234
Total lease cost	$	5,058

Summary of Additional Information Related to Leases

Additional information related to leases is summarized in the following table (in thousands, except lease term and discount rate):

	Three Months Ended
	March 31, 2019
Cash paid for operating cash flows from operating leases	$	3,753
Operating right-of-use assets obtained in exchange for lease obligations	$	12,011
Weighted-average remaining lease term - operating leases (years)		7.0
Weighted-average discount rate - operating leases		5.1	%

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of March 31, 2019 are as follows (in thousands):

2019	$	9,590
2020		15,030
2021		12,692
2022		11,993
2023		11,988
Thereafter		35,041
Total lease payments		96,334
Less imputed interest		(16,087	)
Present value of lease liabilities	$	80,247

Summary of Lease Balances

Lease balances as of March 31, 2019 are as follows (in thousands):

Operating lease right-of-use assets	$	71,529

Short term operating lease liability (1)	$	16,404
Non-current operating lease liabilities		63,843
Total operating lease liabilities	$	80,247

(1)	Included in accrued expenses and other current liabilities