Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Operating Lease, Lease Income [Table Text Block]

For the three and six months ended June 30, 2019, quantitative information regarding the Company's operating lease obligations reflected in the accompanying condensed consolidated statement of operations were as follows:



	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
	(dollars in thousands)
Lease Cost
Operating lease cost	$	6,063		$	12,066
Short-term lease cost	74			91
Variable lease cost	147			446
Sublease income	(240		)	(507		)
Total lease costs	$	6,044		$	12,096

The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the six months ended June 30, 2019:



	Six Months Ended June 30, 2019
	(dollars in thousands)
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13,786

Weighted average remaining lease term - operating leases (in Years)	5.72
Weighted average discount rate - operating leases	4.14		%

Future Minimum Annual Lease and Service Payments

As of June 30, 2019, maturities of the outstanding operating lease liabilities for the Company were as follows:



	Equipment Leases (operating)		Real Estate and Other Facility Rental (a) (b)
	(dollars in thousands)
2019	$	307	$	11,893
2020	289		24,020
2021	48		23,486
2022	5		20,249
2023	—		17,179
Thereafter	—		25,925
Total Operating Leases	649		122,752
Less discount	16		16,421
Less short term leases	—		91
Total Lease Liability	$	633	$	106,240


(a)	The Company has entered into various agreements to sublease certain of its premises.


(b)	In second quarter of 2019, the Company recognized operating ROU assets and leases liabilities of $3.9 million for real estate leases.

Prior to the adoption of the new lease accounting guidance, the minimum rental commitments under non-cancelable operating leases at December 31, 2018, were as follows:



	Equipment Leases (a)		Service Payments		Real Estate and other Facility Rental (b)
	(dollars in thousands)
2019	$	2,434	$	21,758	$	24,584
2020	1,492		7,514		22,608
2021	1,382		1,877		22,321
2022	1,123		1,372		19,166
2023	374		735		16,204
Thereafter	—		735		21,478
	$	6,805	$	33,991	$	126,361


(a)	Equipment Leases includes the Company's commitments relating to operating and capital leases. See Note 18 for further information on the capital lease minimum payments which are included in the table.


(b)	The Company has entered into various agreements to sublease certain of its premises. The Company recorded sublease income related to these leases of $1.4 million, $1.1 million, and $2.2 million for the years ended December 31, 2018, 2017, and 2016 respectively.

Other Commitments

The following table summarizes unfunded commitments as of June 30, 2019:



Entity	Unfunded Commitments		Commitment term
	(dollars in thousands)
Real estate (a)	$	23,749	(a)
HealthCare Royalty Partners funds (b)	5,665		2 years
Eclipse Ventures Fund I, L.P. (formerly Formation8 Partners Hardware Fund I, L.P.)	119		5 years
Lagunita Biosciences, LLC	500		3 years
Eclipse Fund II, L.P.	225		6 years
Eclipse Continuity Fund I, L.P.	210		7 years
Cowen Healthcare Investments II LP	6,891		2 years

(a) The Company had unfunded commitments pertaining to capital commitments in five real estate investments held by the Company, all of which pertain to related party investments. Such commitments can be called at any time between two to four years, subject to advance notice.

(b) The Company is a limited partner of the HealthCare Royalty Partners funds (which are managed by Healthcare Royalty Management) and is a member of HealthCare Royalty Partners General Partners. The Company will make its pro-rata investment in the HealthCare Royalty Partners funds along with the other limited partners.