Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

LeasesThe components of lease expense for the year ended December 31, 2019 were as follows (in thousands):

	Year ended December 31, 2019
Operating lease cost	$	6,625
Finance lease cost:
Amortization of right-of-use assets	$	202
Interest on lease liabilities	25
Total finance lease cost	$	227

Supplemental cash flow and other information related to leases for the year ended December 31, 2019 were as follows (in thousands):

	Year ended December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	7,402
Operating cash flows from finance leases	$	24
Financing cash flows from finance leases	$	195
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	1,181
Finance leases	$	1,820

Supplemental balance sheet information related to leases as of December 31, 2019 consisted of the following (in thousands):

	Year ended December 31, 2019
Operating Leases
Operating lease right-of-use assets	$	17,493
Other current liabilities	$	6,269
Operating lease liabilities	14,881
Total operating lease liabilities	$	21,150
Finance Leases
Other Assets	$	1,081
Other current liabilities	$	360
Other long-term liabilities	677
Total finance leases liabilities	$	1,037

As of December 31, 2019, the weighted-average remaining lease term for operating and finance leases was 4.1 years and 2.6 years, respectively. As of December 31, 2019, the weighted-average discount rates were 5.7% and 4.6% for operating and finance leases, respectively.

Sublease income for the years ended December 31, 2019 and 2018 was $2.2 million and $1.8 million, respectively. 

Maturities of lease liabilities were as follows (in thousands):

Year ended December 31,	Operating Leases		Finance Leases
2020	$	7,266	$	399
2021	5,791		454
2022	3,546		246
2023	3,319		—
2024	2,833		—
Thereafter	991		—
Total lease payments	23,746		1,099
Less: Imputed interest	2,596		62
Total lease obligation	$	21,150	$	1,037

Disclosures related to periods prior to adoption of the New Lease Standard

As of December 31, 2018, minimum annual lease payments made under operating leases, net of $8.3 million office space sublease payments to be received, for each of the next five years ending December 31 and thereafter were as follows (in thousands):

Year ended December 31,	Operating Leases
2019	$	5,778
2020	5,420
2021	3,742
2022	2,531
2023	2,236
Thereafter	2,947
Total lease payments	$	22,654

Leases

LeasesThe components of lease expense for the year ended December 31, 2019 were as follows (in thousands):

	Year ended December 31, 2019
Operating lease cost	$	6,625
Finance lease cost:
Amortization of right-of-use assets	$	202
Interest on lease liabilities	25
Total finance lease cost	$	227

Supplemental cash flow and other information related to leases for the year ended December 31, 2019 were as follows (in thousands):

	Year ended December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	7,402
Operating cash flows from finance leases	$	24
Financing cash flows from finance leases	$	195
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	$	1,181
Finance leases	$	1,820

Supplemental balance sheet information related to leases as of December 31, 2019 consisted of the following (in thousands):

	Year ended December 31, 2019
Operating Leases
Operating lease right-of-use assets	$	17,493
Other current liabilities	$	6,269
Operating lease liabilities	14,881
Total operating lease liabilities	$	21,150
Finance Leases
Other Assets	$	1,081
Other current liabilities	$	360
Other long-term liabilities	677
Total finance leases liabilities	$	1,037

As of December 31, 2019, the weighted-average remaining lease term for operating and finance leases was 4.1 years and 2.6 years, respectively. As of December 31, 2019, the weighted-average discount rates were 5.7% and 4.6% for operating and finance leases, respectively.

Sublease income for the years ended December 31, 2019 and 2018 was $2.2 million and $1.8 million, respectively. 

Maturities of lease liabilities were as follows (in thousands):

Year ended December 31,	Operating Leases		Finance Leases
2020	$	7,266	$	399
2021	5,791		454
2022	3,546		246
2023	3,319		—
2024	2,833		—
Thereafter	991		—
Total lease payments	23,746		1,099
Less: Imputed interest	2,596		62
Total lease obligation	$	21,150	$	1,037

Disclosures related to periods prior to adoption of the New Lease Standard

As of December 31, 2018, minimum annual lease payments made under operating leases, net of $8.3 million office space sublease payments to be received, for each of the next five years ending December 31 and thereafter were as follows (in thousands):

Year ended December 31,	Operating Leases
2019	$	5,778
2020	5,420
2021	3,742
2022	2,531
2023	2,236
Thereafter	2,947
Total lease payments	$	22,654