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Leases
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Leases

14. LEASES

 

We have operating leases primarily consisting of offices and lab space, machinery and equipment and vehicles. The components of lease expense are as follows (in thousands):

 

 

Three months ended

 

 

Nine months ended

 

 

September 30, 2019

 

 

September 30, 2019

 

Lease Cost

 

 

 

 

 

 

 

Operating lease cost

$

4,724

 

 

$

14,027

 

Short-term lease cost

 

402

 

 

 

1,024

 

Variable lease cost

 

162

 

 

 

521

 

Total lease cost

$

5,288

 

 

$

15,572

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Operating cash flows from operating leases

$

4,306

 

 

$

13,729

 

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

 

 

 

 

 

 

 

Operating leases

$

3,837

 

 

$

11,066

 

Weighted-average remaining lease term- operating leases

9.18 years

 

 

9.18 years

 

Weighted-average discount rate - operating leases

 

4.95

%

 

 

4.95

%

 

Scheduled undiscounted cash flows for non-cancellable leases at September 30, 2019 consist of the following (in thousands):

 

 

Operating Leases

 

Remainder of 2019

$

4,132

 

2020

 

14,566

 

2021

 

12,130

 

2022

 

10,754

 

2023

 

9,193

 

Thereafter

 

43,842

 

Total undiscounted lease payments

$

94,617

 

Less:  Imputed Interest

 

(18,994

)

Total lease liabilities

$

75,623

 

 

We adopted ASU 2017-06 using the cumulative effect transition method on January 1, 2019. As required, the following disclosure is provided for periods prior to adoption. Scheduled minimum rental commitments under non-cancellable operating leases at December 31, 2018, consist of the following (in thousands):

 

 

Operating Leases

 

2019

$

16,267

 

2020

 

12,572

 

2021

 

9,774

 

2022

 

7,955

 

2023

 

4,938

 

Thereafter

 

14,815

 

Total commitments

$

66,321

 

 

 

 

 

 

The Company has elected to apply the short-term lease exemption to all of its classes of underlying assets. Accordingly, no ROU asset or lease liability is recognized for leases with a term of twelve months or less.

The Company has elected to apply the practical expedient for combining lease and non-lease components for vehicle leases and elected not to apply the practical expedient for combining lease and non-lease components to all other classes of underlying assets.