Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

The determination of the incremental borrowing rate used to calculate the present value of the right-of-use assets and lease liabilities depends on whether an interest rate is specified in the lease or not. If the lease specifies a rate, that rate is used when calculating the present value of lease payments. If the rate is not readily determinable, which is generally the case for the Company, the Company’s incremental borrowing rate (“IBR”) as of the date of inception is used (for initial measurement, the IBR was determined as of the adoption date of the standard). The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. The Company used a ratings benchmark report against its peers in the technology sector.



	As of March 31, 2019
Operating Leases	(in thousands, except lease term and discount rate)
Right-of-use asset	$	14,817

Current operating lease liability	6,227
Long term operating lease liability	12,566
Total operating lease liability	$	18,793

Weighted Average Remaining Lease Term
Operating leases	3.3 years

Weighted Average Discount Rate
Operating leases	7		%

Schedule of Undiscounted Future Lease Payments

The undiscounted future lease payments under the lease liability as of March 31, 2019 were as follows (amounts in thousands):



Year ending December 31:	As of March 31, 2019
2019 (remaining nine months)	$	5,390
2020	6,078
2021	4,612
2022	3,233
2023	1,313
2024 and thereafter	640
Total undiscounted lease payments	21,266
Less: present value adjustment	(2,473		)
Total operating lease liability	$	18,793