Leases

6 Months Ended

Jun. 30, 2019

LEASES

The Company has operating leases consisting of office space, vehicle leases, computer equipment, and office equipment. Lease terms and options vary in the Company's operating leases dependent upon the underlying leased asset. We exclude options to extend or terminate a lease from our recognition as part of our right-of-use assets and lease liabilities until those options are known and/or executed, as we typically do not exercise options to purchase the underlying leased asset. As of June 30, 2019, we have leases with remaining terms of 1 year to 7 years, some of which may include no options for renewal and others with options to extend the lease terms from 6 months to 5 years.

The components of our operating leases were as follows:



	As of June 30, 2019

Components of lease expense:
Operating lease expense	$	3,820
Less sublease income	252
Net lease expense	3,568
Cash flows information related to leases:
Operating cash outflow from operating leases	3,608



Balance sheet information for operating leases:	As of June 30, 2019

Operating lease right-of-use assets (Other assets on Consolidated Balance Sheets)	$	18,398
Operating lease liabilities (Accrued expenses and other liabilities on Consolidated Balance Sheets)	18,884
Right-of-use assets obtained in exchange for new operating lease liabilities	467
Weighted average remaining lease term	3.50
Weighted average discount rate	4.80		%



Maturities of lease liabilities:	As of June 30, 2019
2019	$	3,800
2020	7,258
2021	5,256
2022	2,374
2023	1,293
Thereafter	298
Total lease payments	20,279
Less imputed interest	(1,395		)
Lease liability	$	18,884