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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 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 were (in thousands):

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

Operating leases

 

2019

 

Operating lease cost

 

$

907

 

 

$

2,437

 

Short-term lease cost

 

 

2

 

 

 

160

 

Variable lease cost

 

 

268

 

 

 

794

 

 

 

 

1,177

 

 

 

3,391

 

Finance leases

 

 

 

 

 

 

 

 

Depreciation on finance leases

 

 

47

 

 

 

141

 

Interest on finance leases

 

 

5

 

 

 

17

 

 

 

 

52

 

 

 

158

 

Total lease cost

 

$

1,229

 

 

$

3,549

 

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 September 30, 2019 was:

 

 

 

Operating Lease

 

 

Finance Leases

 

Weighted average discount rate

 

 

8.0

%

 

 

6.0

%

Weighted average remaining lease term (years)

 

 

8.4

 

 

 

1.3

 

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 September 30, 2019 to the operating and finance lease liabilities recorded on the balance sheet:

 

Maturity of lease liabilities

 

Operating Leases

 

 

Finance Leases

 

 

 

(in thousands)

 

2019

 

$

1,003

 

 

$

72

 

2020

 

 

3,892

 

 

 

214

 

2021

 

 

4,236

 

 

 

2

 

2022

 

 

4,389

 

 

 

 

2023

 

 

3,574

 

 

 

 

Thereafter

 

 

18,067

 

 

 

 

Total lease payments

 

 

35,161

 

 

 

288

 

Less: imputed interest

 

 

9,851

 

 

 

10

 

Total lease liabilities

 

$

25,310

 

 

$

278

 

Current lease liabilities

 

 

1,925

 

 

 

258

 

Long-term lease liabilities

 

 

23,385

 

 

 

20

 

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

 

 

Finance 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