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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Summary of Components of Lease Expense

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

 

 

For the Three Months Ended June 30,

 

 

2020

 

 

2019

 

Operating lease cost

$

3,944

 

 

$

3,727

 

Short-term lease cost

 

81

 

 

 

85

 

Variable lease cost

 

1,660

 

 

 

1,335

 

Sublease income

 

(63

)

 

 

 

Total lease cost

$

5,622

 

 

$

5,147

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30,

 

 

2020

 

 

2019

 

Operating lease cost

$

7,935

 

 

$

7,296

 

Short-term lease cost

 

163

 

 

 

340

 

Variable lease cost

 

3,016

 

 

 

2,569

 

Sublease income

 

(124

)

 

 

 

Total lease cost

$

10,990

 

 

$

10,205

 

 

Summary of Additional Lease Information

Additional lease information is summarized in the following table (in thousands, except lease term and discount rate):

 

 

Six Months Ended

 

 

Six Months Ended

 

 

June 30, 2020

 

 

June 30, 2019

 

Cash paid for amounts included in the measurement of operating

   lease liabilities

$

6,204

 

 

$

6,216

 

Operating right-of-use assets obtained in exchange for lease

   obligations

$

3,898

 

 

$

16,626

 

Weighted-average remaining lease term - operating leases (years)

 

6.1

 

 

 

6.7

 

Weighted-average discount rate - operating leases

 

5.0

%

 

 

5.1

%

Summary of Future Minimum Lease Payments Under Non-Cancellable Leases

 

Future minimum lease payments under non-cancellable leases as of June 30, 2020 are as follows (in thousands):

 

2020 (remainder)

$

7,654

 

2021

 

14,202

 

2022

 

14,106

 

2023

 

13,587

 

2024

 

13,215

 

Thereafter

 

24,698

 

Total lease payments

 

87,462

 

Less imputed interest

 

(12,243

)

Present value of lease liabilities

$

75,219

 

 

Summary of Lease Balances

Lease balances as of June 30, 2020 are as follows (in thousands):

 

Operating lease right-of-use assets

$

63,837

 

 

 

 

 

Short-term operating lease liabilities (1)

$

11,729

 

Non-current operating lease liabilities

 

63,490

 

Total operating lease liabilities

$

75,219

 

 

(1)

Included in accrued expenses and other current liabilities on the Consolidated Balance Sheets.