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LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Company's leases

The table below summarizes the Company’s leases for the nine months ended September 30, 2019 (in thousands, except years and discount rate):

		Nine Months Ended
		September 30, 2019
Lease cost
Operating lease costs		$	1,932
Short-term lease costs			12,262
Variable lease costs			1,210
Total lease costs		$	15,404
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$	1,936
Right-of-use assets obtained in exchange for new operating lease liabilities			5,462
Weighted-average remaining lease term—operating leases			3.7	years
Weighted-average discount rate—operating leases			4.83	%

Schedule of future minimum lease payments associated with the Company's non-cancellable operating leases for office space and equipment

Future minimum lease payments associated with the Company's non-cancellable operating leases for office space and equipment as of September 30, 2019, are presented in the table below (in thousands):

		September 30, 2019
Remaining period in 2019		$	380
2020			1,360
2021			876
2022			574
2023			585
Thereafter			345
Total operating lease payments			4,120
Less: discount to present value			345
Total operating lease liabilities			3,775
Less: current operating lease liabilities			1,337
Noncurrent operating lease liabilities		$	2,438

Schedule of future obligations, including variable nonlease components, associated with the Company's non-cancellable operating leases for office space and equipment

Prior to the adoption of ASC 842, future obligations, including variable nonlease components, associated with the Company's non-cancellable operating leases for office space and equipment as of December 31, 2018, are presented in the table below (in thousands):

		December 31, 2018
2019		$	3,792
2020			2,350
2021			1,899
2022			968
2023			999
Thereafter			599
Total operating lease payments		$	10,607

Leases

Schedule of impact of adoption on the Company's unaudited condensed consolidated balance sheet

The table below details the impact of adoption on the Company’s unaudited condensed consolidated balance sheet as of January 1, 2019 (in thousands):

					Impact of adoption
		December 31, 2018			of ASC 842			January 1, 2019
Other noncurrent assets:
Operating lease right of use assets		$	—		$	5,462		$	5,462
Current liabilities:
Accounts payable and accrued liabilities		$	157,848		$	(85)		$	157,763
Operating lease liabilities			—			2,103			2,103
Other noncurrent liabilities:
Operating lease liabilities			—			3,444			3,444

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

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-Name Accounting Standards Codification
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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

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Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

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