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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Summary of Additional Information Related to Leases

Additional information related to the Company’s leases as of and for the three months ended March 31, 2019, is as follows:

 

(in thousands, except lease term and discount rate)

 

March 31, 2019

 

Balance sheet information

 

 

 

 

ROU assets

 

$

13,943

 

Lease liabilities, current

 

$

2,900

 

Lease liabilities, non-current

 

 

13,471

 

Total lease liabilities

 

$

16,371

 

Supplemental data

 

 

 

 

Weighted average remaining lease term

 

4.95 years

 

Weighted average discount rate

 

 

7.00

%

Cash paid for amounts included in lease liabilities

 

$

404

 

ROU assets obtained in exchange for lease obligations

 

$

16,919

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of March 31, 2019 were as follows:

 

(in thousands)

 

March 31, 2019

 

Year ending December 31,

 

 

 

 

2019 (remaining)

 

$

2,919

 

2020

 

 

3,861

 

2021

 

 

3,765

 

2022

 

 

3,753

 

2023

 

 

3,776

 

Thereafter

 

 

1,354

 

Total undiscounted lease payments

 

 

19,428

 

Less: imputed interest

 

 

(3,057

)

Total lease liabilities

 

$

16,371

 

Schedule of Components of Lease Expense

The following table presents components of lease expense for the three months ended March 31, 2019 (in thousands):

 



 

Three Months Ended

 

 

 

March 31, 2019

 

Operating lease expense

 

$

742

 

Short-term lease expense(a)

 

 

401

 



 

 

1,143

 

Less: Sublease income

 

 

(3

)

Total lease expense

 

$

1,140

 

 

(a)

Short-term lease expense includes all leases with lease terms ranging from less than one month to one year.

Schedule of Future Minimum Lease Payments Under Noncancelable Operating Leases Including Short Term Leases

Future minimum lease payments under non-cancelable operating leases, including short-term leases as of March 31, 2019 were as follows (in thousands):

 

 

 

Amounts

 

2019 (for the remaining nine months)

 

$

3,000

 

2020

 

 

3,861

 

2021

 

 

3,765

 

2022

 

 

3,753

 

2023

 

 

3,776

 

2024 and thereafter

 

 

1,354

 

Total minimum lease payments

 

$

19,509