XML 35 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Leases
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Leases Leases
We have operating leases primarily for corporate offices. Our leases have remaining lease terms of one to ten years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year.
The components of lease expenses were as follows (in thousands):
 
Three Months Ended March 31, 2020
 
Three Months Ended March 31, 2019
Operating lease costs
$
4,418

 
$
4,762

Short-term lease costs
527

 
937

Sublease income
(274
)
 
(272
)
Total net lease costs
$
4,671

 
$
5,427


Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):
 
As of March 31, 2020
Operating leases:
 
Operating lease right-of-use assets, net
$
58,045

 
 
Operating lease liabilities, current
$
19,017

Operating lease liabilities, non-current
68,277

Total operating lease liabilities
$
87,294

 
 
Weighted average remaining lease term (in years)
6.8

Weighted average discount rate
6.8
%

Supplemental cash flow and other information related to leases is as follows (in thousands):
 
Three Months Ended March 31, 2020
 
Three Months Ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
$
4,730

 
$
2,585

 
 
 
 
Lease liabilities arising from obtaining right-of-use assets:
 
 
 
Operating leases
$
478

 
$
2,575


Undiscounted cash flows of operating lease liabilities are as follows (in thousands):
Years Ending December 31, 
Amount 
2020 (remaining nine months)
$
14,779

2021
18,511

2022
15,381

2023
13,376

2024
11,954

2025
11,346

2026 and thereafter
26,446

Total lease payments
111,793

Less: imputed interest
(24,499
)
Total lease obligations
87,294

Less: current lease obligations
(19,017
)
Long-term lease obligations
$
68,277


As of March 31, 2020, we did not have any additional operating lease commitments for an office lease that has not yet commenced.