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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]  
Components of Lease Cost for Operating and Finance Leases

The components of lease cost for operating and finance leases for the three months ended March 31, 2019 were:

 

Operating leases

 

$ (in thousands)

 

Operating lease cost

 

$

694

 

Variable lease cost

 

 

263

 

 

 

 

957

 

Short-term lease cost

 

 

119

 

 

 

 

 

 

Finance leases

 

 

 

 

Depreciation on finance leases

 

 

47

 

Interest on finance leases

 

 

7

 

 

 

 

54

 

Total lease cost

 

$

1,130

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Operating and Finance Leases

The weighted average remaining lease term and the weighted average discount rate for operating and finance leases at March 31, 2019 was:

 

 

Operating Lease

 

Finance Leases

 

Weighted average discount rate

 

 

9.0

%

 

5.9

%

Weighted average remaining lease term (years)

 

9.4

 

1.5

 

Summary of Maturity of Lease Liabilities for Operating and Finance Leases

The following table reconciles the undiscounted cash flows for the operating and finance leases at March 31, 2019 to the operating and finance lease liabilities recorded on the balance sheet:

 

Maturity of lease liabilities

 

Operating Lease

 

Finance Leases

 

 

 

(in thousands)

 

2019

 

$

2,390

 

$

215

 

2020

 

 

3,270

 

 

214

 

2021

 

 

3,369

 

 

2

 

2022

 

 

3,470

 

 

-

 

2023

 

 

3,574

 

 

-

 

Thereafter

 

 

18,067

 

 

-

 

    Total lease payments

 

 

34,140

 

 

431

 

    Less: imputed interest

 

 

10,449

 

 

21

 

    Total lease liabilities

 

$

23,691

 

$

410

 

 

 

 

 

 

 

 

 

Current lease liabilities

 

 

1,374

 

 

269

 

Long-term lease liabilities

 

 

22,317

 

 

141

 

Schedule of Aggregate Future Lease Payments for Operating and Capital Leases

The aggregate future lease payments for operating and capital leases as of December 31, 2018 are as follows:

 

 

 

Operating lease

 

 

Capital leases

 

 

 

(in thousands)

 

2019

 

$

3,175

 

 

$

287

 

2020

 

 

3,270

 

 

 

214

 

2021

 

 

3,369

 

 

 

2

 

2022

 

 

3,470

 

 

 

 

2023

 

 

3,574

 

 

 

 

Thereafter

 

 

18,067

 

 

 

 

Total future minimum lease payments

 

$

34,925

 

 

$

503

 

Less amounts representing interest

 

 

 

 

 

 

27

 

Capital lease obligations at December 31, 2018

 

 

 

 

 

 

476

 

Less current portion of capital lease obligations

 

 

 

 

 

 

266

 

Capital lease obligations, net of current portion

 

 

 

 

 

$

210