Leases

9 Months Ended

Sep. 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 September 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 September 30, 2019

Components of lease expense:
Operating lease expense	$	5,730
Less sublease income	371
Net lease expense	5,359
Cash flows information related to leases:
Operating cash outflow from operating leases	5,420



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

Operating lease right-of-use assets (Other assets on Consolidated Balance Sheets)	$	16,924
Operating lease liabilities (Accrued expenses and other liabilities on Consolidated Balance Sheets)	17,389
Right-of-use assets obtained in exchange for new operating lease liabilities	687
Weighted average remaining lease term	3.27
Weighted average discount rate	4.75		%



Maturities of lease liabilities:	As of September 30, 2019
2019	$	1,906
2020	7,401
2021	5,262
2022	2,402
2023	1,312
Thereafter	298
Total lease payments	18,581
Less imputed interest	(1,192		)
Lease liability	$	17,389