Leases (Tables)
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6 Months Ended |
Jun. 30, 2019 |
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| Leases [Abstract] |
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| Lease Costs |
The components of lease expense are as follows:
| | | | | | | | | Three Months Ended June 30, 2019 | Six Months Ended June 30, 2019 | | | | Operating lease cost | $ | 1,877 |
| $ | 3,447 |
| Finance lease cost: | | | Amortization of right-of-use assets | 80 |
| 160 |
| Interest on lease liabilities | 15 |
| 30 |
| Total finance lease cost | $ | 95 |
| $ | 190 |
| Short-term lease cost 1 | 1,773 |
| 3,764 |
| Total lease expense | $ | 3,745 |
| $ | 7,401 |
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1 Includes variable lease costs, which are not significant
Supplemental cash flow information related to leases is as follows: | | | | | | Six Months Ended June 30, 2019 | Cash paid for amounts included in the measurement of lease liabilities: | | Operating cash flows from operating leases | $ | 3,245 |
| Financing cash flows from finance leases | $ | 222 |
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| Assets And Liabilities, Lessee |
Supplemental balance sheet information related to leases is as follows: | | | | | |
| Balance Sheet Location | June 30, 2019 | Operating Leases | |
| Right-of-use assets, net | Operating lease right-of-use assets, net 1 | $ | 22,097 |
| | | | Current liabilities | Current operating lease liabilities | $ | 4,851 |
| Non-current liabilities | Operating lease liabilities | 18,567 |
| Total operating lease liabilities | | $ | 23,418 |
| | | | Finance Leases | |
| Right-of-use assets | | $ | 987 |
| Accumulated depreciation | | (162 | ) | Right-of-use assets, net | Other assets, net | $ | 825 |
| | | | Current liabilities | Accrued liabilities and other | $ | 375 |
| Non-current liabilities | Other long-term liabilities | 432 |
| Total finance lease liabilities | | $ | 807 |
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| Weighted Average Remaining Lease Term | |
| Operating leases | | 5.0 years |
| Finance leases | | 2.9 years |
| Weighted Average Discount Rate | |
| Operating leases | | 11.0 | % | Finance leases | | 7.4 | % |
| | 1 | Includes $20.4 million for operating leases existing on January 1, 2019 and $3.8 million for operating leases that commenced in the six months ended June 30, 2019, net of amortization of $2.1 million. |
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| Finance Lease, Liability, Maturity |
Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancelable leases, are as follows: | | | | | | | | | | | | | | Year Ending December 31, | | Operating | | Financing | | Total | 2019 1 | | $ | 3,438 |
| | $ | 212 |
| | $ | 3,650 |
| 2020 | | 6,866 |
| | 354 |
| | 7,220 |
| 2021 | | 6,455 |
| | 201 |
| | 6,656 |
| 2022 | | 5,907 |
| | 86 |
| | 5,993 |
| 2023 | | 2,378 |
| | 28 |
| | 2,406 |
| Thereafter | | 5,499 |
| | — |
| | 5,499 |
| Total lease payments | | $ | 30,543 |
| | $ | 881 |
| | $ | 31,424 |
| Less: Imputed interest | | (7,125 | ) | | (74 | ) | | (7,199 | ) | Present value of lease liabilities | | $ | 23,418 |
| | $ | 807 |
| | $ | 24,225 |
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1Excluding lease costs for the six months ended June 30, 2019.
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| Lessee, Operating Lease, Liability, Maturity |
Anticipated future lease costs, which are based in part on certain assumptions to approximate minimum annual rental commitments under non-cancelable leases, are as follows: | | | | | | | | | | | | | | Year Ending December 31, | | Operating | | Financing | | Total | 2019 1 | | $ | 3,438 |
| | $ | 212 |
| | $ | 3,650 |
| 2020 | | 6,866 |
| | 354 |
| | 7,220 |
| 2021 | | 6,455 |
| | 201 |
| | 6,656 |
| 2022 | | 5,907 |
| | 86 |
| | 5,993 |
| 2023 | | 2,378 |
| | 28 |
| | 2,406 |
| Thereafter | | 5,499 |
| | — |
| | 5,499 |
| Total lease payments | | $ | 30,543 |
| | $ | 881 |
| | $ | 31,424 |
| Less: Imputed interest | | (7,125 | ) | | (74 | ) | | (7,199 | ) | Present value of lease liabilities | | $ | 23,418 |
| | $ | 807 |
| | $ | 24,225 |
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1Excluding lease costs for the six months ended June 30, 2019.
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| Schedule of Future Minimum Rental Payments for Operating Leases |
The Company elected to apply the modified retrospective approach. As such, we did not restate the prior year Condensed Consolidated Balance Sheet. The following are the future minimum annual rental commitments under Topic 840 as disclosed in our December 31, 2018 Form 10-K: | | | | | Year Ending December 31, | | 2019 | $ | 7,558 |
| 2020 | $ | 6,492 |
| 2021 | $ | 5,960 |
| 2022 | $ | 5,286 |
| 2023 | $ | 1,676 |
| Thereafter | $ | 2,501 |
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