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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Summary of Components of Lease Expense

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

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2019

 

Operating lease expense

 

$

6,752

 

 

$

17,915

 

Variable lease expense

 

 

1,328

 

 

 

3,535

 

Short-term lease expense

 

 

147

 

 

 

438

 

Sublease income

 

 

(441

)

 

 

(1,274

)

Total net lease expense

 

$

7,786

 

 

$

20,614

 

 

Summary of Other Information Related to Operating Leases

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

 

 

Nine Months Ended

 

 

 

September 30, 2019

 

Supplemental Cash Flows Information:

 

 

 

 

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

 

$

17,250

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

26,277

 

Weighted-average remaining lease term - operating leases

 

57 months

 

Weighted-average discount rate - operating leases

 

 

4.40

%

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

Future minimum lease payments under non-cancelable leases as of September 30, 2019 were as follows (in thousands):

 

2019 (excluding the nine months ended September 30, 2019)

 

$

7,960

 

2020

 

 

25,273

 

2021

 

 

25,146

 

2022

 

 

18,960

 

2023

 

 

12,504

 

Thereafter

 

 

21,898

 

Total future minimum lease payments (1)

 

 

111,741

 

Less:  Interest (2)

 

 

(12,279

)

Total

 

$

99,462

 

 

 

 

 

 

Current operating lease liabilities

 

$

22,888

 

Non-current operating lease liabilities

 

 

76,574

 

Total

 

$

99,462

 

 

 

(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 commencing thereafter.