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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]  
Summary of Leases and Debt Obligations

The following table summarizes the Company’s lease and debt obligations at December 31, 2018 (in thousands):

 

 

 

Less than

1 Year

 

 

1 to 3

Years

 

 

3 to 5

Years

 

 

More than

5 Years

 

 

Total

 

 

 

(in thousands)

 

 

 

 

 

Debt obligations (1)

 

$

427

 

 

$

115,000

 

 

$

 

 

$

 

 

$

115,427

 

Capital leases (2)

 

 

121

 

 

 

 

 

 

 

 

 

 

 

 

121

 

Operating leases (2)

 

 

3,646

 

 

 

7,547

 

 

 

7,463

 

 

 

1,331

 

 

 

19,987

 

 

 

$

4,194

 

 

$

122,547

 

 

$

7,463

 

 

$

1,331

 

 

$

135,535

 

 

(1)

The debt obligations include the principal amount of the note payable and the Notes, but exclude interest payments to be made under the Notes. Although the Notes mature in 2022, they can be converted into cash and shares of our common stock prior to maturity if certain conditions are met. Any conversion prior to maturity can result in repayments of the principal amounts sooner than the scheduled repayments as indicated in the table. The Notes balance excludes $20.9 million of debt discount capitalized on our balance sheet and shown net of our debt obligations.

(2)

Operating and capital leases include total future minimum rent payments under non-cancelable operating and capital lease agreements.

Schedule of Future Minimum Lease Payments Under Noncancelable Operating Leases

Future minimum lease payments under non-cancelable operating leases in effect at December 31, 2018 are as follows (in thousands):

 

 

 

Operating

 

2019

 

$

3,646

 

2020

 

 

3,856

 

2021

 

 

3,691

 

2022

 

 

3,719

 

2023

 

 

3,744

 

Thereafter

 

 

1,331

 

Total minimum lease payments

 

$

19,987