Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows (in thousands):

	Quarter Ended March 31, 2019
Operating lease expense	$	5,299
Variable lease expense		923
Short-term lease expense		140
Sublease income		(412	)
Total net lease expense	$	5,950

Summary of Other Information Related to Operating Leases

Other information related to leases was as follows (in thousands, except term and discount rate):

	Quarter Ended March 31, 2019
Supplemental Cash Flows Information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	4,240
Right-of-use assets obtained in exchange for new operating lease liabilities		870
Weighted-average remaining lease term - operating leases	60 months
Weighted-average discount rate - operating leases		4.52	%

Summary of Future Minimum Lease Payments Under Non-cancellable Operating Leases

Future minimum lease payments under non-cancelable leases as of March 31, 2019 were as follows (in thousands):

2019 (April 1, 2019 – December 31, 2019)	$	17,237
2020		20,498
2021		19,549
2022		14,603
2023		9,556
Thereafter		14,681
Total future minimum lease payments (1)		96,124
Less:  Interest (2)		(10,545	)
Total	$	85,579
Current operating lease liabilities	$	18,737
Non-current operating lease liabilities		66,842
Total	$	85,579

(1) For leases commencing prior to 2019, minimum lease payments exclude payments for real estate taxes and non-lease components.  

(2) We used our in-country, currency adjusted incremental borrowing rate for the discount rate for the leases at adoption date, and will use the same approach for all leases beginning in 2019 or later.