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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of Components of Lease Expense

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

 

 

Three Months Ended

 

 

Three Months Ended

 

 

March 31, 2020

 

 

March 31, 2019

 

Operating lease cost

$

3,991

 

 

$

3,569

 

Short-term lease cost

 

81

 

 

 

255

 

Variable lease cost

 

1,356

 

 

 

1,234

 

Sublease income

 

(61

)

 

 

 

Total lease cost

$

5,367

 

 

$

5,058

 

Summary of Additional Lease Information

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

 

 

Three Months Ended

 

 

Three Months Ended

 

 

March 31, 2020

 

 

March 31, 2019

 

Cash paid for amounts included in the measurement of operating

   lease liabilities

$

2,999

 

 

$

3,753

 

Operating right-of-use assets obtained in exchange for lease

   obligations

$

1,466

 

 

$

12,011

 

Weighted-average remaining lease term - operating leases (years)

 

6.3

 

 

 

7.0

 

Weighted-average discount rate - operating leases

 

5.1

%

 

 

5.1

%

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

 

Future minimum lease payments under non-cancellable leases as of March 31, 2020 are as follows (in thousands):

 

2020 (remainder)

$

11,828

 

2021

 

14,022

 

2022

 

13,505

 

2023

 

12,974

 

2024

 

12,619

 

Thereafter

 

23,902

 

Total lease payments

 

88,850

 

Less imputed interest

 

(12,945

)

Present value of lease liabilities

$

75,905

 

 

Summary of Lease Balances

Lease balances as of March 31, 2020 are as follows (in thousands):

 

Operating lease right-of-use assets

$

64,220

 

 

 

 

 

Short-term operating lease liabilities (1)

$

12,065

 

Non-current operating lease liabilities

 

63,840

 

Total operating lease liabilities

$

75,905

 

 

(1)

Included in accrued expenses and other current liabilities on the Consolidated Balance Sheets.