Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Future Minimum Lease Payments under Topic 842 The following summarizes: (i) the future minimum undiscounted lease payments under non-cancelable leases for the remainder of 2019 as well as each of the next five years and thereafter, incorporating the practical expedient to account for lease and non-lease components as a single lease component for our existing real estate leases, and (ii) a reconciliation of the undiscounted lease payments to the present value of the lease liabilities recognized as of March 31, 2019 (in thousands):
Year Ended December 31, Operating Leases
2019 (excluding the three months ended March 31, 2019) $ 4,043 
2020 2,833 
2021 2,811 
2022 2,121 
2023 2,032 
2024 1,993 
Thereafter 12,377 
Total future minimum lease payments 28,210 
Less imputed interest (7,942)
Total present value of future minimum lease payments $ 20,268 
Supplemental Operating Lease Information
The following summarizes additional supplemental data related to our operating leases:

Three Months Ended March 31, 2019: (in thousands)
Operating cash flows from operating leases $ 1,257 
Right-of-use assets obtained in exchange for operating lease liabilities $ 11,169 
As of March 31, 2019:
Weighted Average Remaining Lease Term (years) 9.11
Weighted Average Discount Rate 6.4  %
Schedule of Future Minimum Lease Payments under Topic 840
As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting standard, future minimum lease payments for operating leases having initial or remaining noncancellable lease terms in excess of one year would have been as follows (in thousands):
Years ending December 31,
2019 $ 5,247 
2020 2,798 
2021 1,082 
2022 453 
2023 92 
Thereafter — 
Total minimum lease payments $ 9,672