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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Summary of Additional Information Related to Leases

Additional information related to the Company’s leases as of and for the six months ended June 30, 2019, is as follows:

 

(in thousands, except lease term and discount rate)

 

June 30, 2019

 

Balance sheet information

 

 

 

 

ROU assets

 

$

14,660

 

Lease liabilities, current

 

$

3,503

 

Lease liabilities, non-current

 

 

13,637

 

Total lease liabilities

 

$

17,140

 

Supplemental data

 

 

 

 

Weighted average remaining lease term

 

4.75 years

 

Weighted average discount rate

 

 

7.00

%

Cash paid for amounts included in lease liabilities

 

$

1,286

 

ROU assets obtained in exchange for lease obligations

 

$

22,379

 

Schedule of Maturities of Lease Liabilities

Maturities of lease liabilities as of June 30, 2019 were as follows:

 

(in thousands)

 

June 30, 2019

 

Year ending December 31,

 

 

 

 

2019 (for the remaining six months)

 

$

2,320

 

2020

 

 

5,233

 

2021

 

 

4,953

 

2022

 

 

3,890

 

2023

 

 

3,776

 

Thereafter

 

 

1,354

 

Total undiscounted lease payments

 

 

21,526

 

Less: imputed interest

 

 

(4,386

)

Total lease liabilities

 

$

17,140

 

 

Schedule of Components of Lease Expense

The following table presents components of lease expense for the three and six months ended June 30, 2019 (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2019

 

Operating lease expense

 

$

991

 

 

$

1,733

 

Short-term lease expense(a)

 

 

151

 

 

 

552

 

 

 

 

1,142

 

 

 

2,285

 

Less: Sublease income

 

 

(9

)

 

 

(12

)

Total lease expense

 

$

1,133

 

 

$

2,273

 

 

(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 June 30, 2019 were as follows (in thousands):

 

 

 

Amounts

 

2019 (for the remaining six months)

 

$

2,320

 

2020

 

 

5,233

 

2021

 

 

4,953

 

2022

 

 

3,890

 

2023

 

 

3,776

 

2024 and thereafter

 

 

1,354

 

Total minimum lease payments

 

$

21,526