v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases  
Schedule of lease related to components of lease expense, supplemental cash flow information, other information

The components of lease expense were as follows:

    

Three Months

    

Six Months

Ended 

Ended

June 30, 2019

June 30, 2019

Operating lease expense

$

891

$

1,776

Finance lease expense:

 

  

 

  

Depreciation and amortization of assets included in property and equipment, net

$

517

$

1,041

Interest on lease liabilities

 

 

56

Total finance lease expense

$

517

$

1,097

Supplemental cash flow information related to leases was as follows:

    

Six Months

Ended June 30,

2019

Cash paid for amounts included in the measurement of lease liabilities:

 

  

Operating cash flows from operating leases

$

(1,987)

Operating cash flows from finance leases

 

(103)

Financing cash flows from finance leases

 

(2,275)

Right-of-use assets obtained in exchange for lease obligations:

 

Operating leases

 

17,112

Other information related to leases was as follows:

    

June 30, 2019

 

Weighted average remaining lease term:

 

  

Operating leases

 

6.6

years

Financing leases

 

1.5

years

Weighted average discount rate:

 

Operating leases

 

5.3

%

Finance leases

 

3.2

%

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments under non-cancellable leases as of June 30, 2019 as presented in accordance with ASC 842 were as follows:

    

Operating

    

Finance

Leases

Leases

July 1, 2019 – December 31, 2019

$

1,755

$

1,995

January 1, 2020―December 31, 2020

 

3,746

 

2,784

January 1, 2021―December 31, 2021

 

3,565

 

574

January 1, 2022―December 31, 2022

 

3,541

 

January 1, 2023―December 31, 2023

 

3,626

 

January 1, 2024―December 31, 2024

 

3,639

 

Thereafter

 

5,235

 

Total future minimum lease payments

 

25,107

 

5,353

Less: Imputed interest

 

(3,978)

 

(134)

Total

 

21,129

 

5,219

Current portion of operating and finance leases

 

2,708

 

3,429

Long-term portion of operating and finance leases

$

18,421

$

1,790

Future minimum lease payments under non-cancellable leases as of December 31, 2018 as presented in accordance with ASC 840, Leases, were as follows:

    

Operating

    

Capital

Leases

Leases

January 1, 2019 – December 31, 2019

$

3,573

$

4,373

January 1, 2020―December 31, 2020

 

3,456

 

2,783

January 1, 2021―December 31, 2021

 

3,385

 

574

January 1, 2022―December 31, 2022

 

3,414

 

January 1, 2023―December 31, 2023

 

3,495

 

Thereafter

 

8,835

 

Minimum lease payments

$

26,158

 

7,730

Less: Amounts representing interest ranging from 1.3% to 7.7%

 

(236)

Minimum lease payments

 

7,494

Current portion of capital leases

 

4,201

Long-term portion of capital leases

$

3,293