Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Operating Lease, Lease Income [Table Text Block]

For the three months ended March 31, 2020 and 2019, quantitative information regarding the Company's operating lease obligations reflected in the accompanying condensed consolidated statements of operations were as follows:

	Three Months Ended March 31,
	2020		2019
	(dollars in thousands)
Lease cost
Operating lease cost	$	5,685	$	6,010
Short-term lease cost	146		128
Variable lease cost	788		757
Sublease income	(216)		(267)
Total lease costs	$	6,403	$	6,628

The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the three months ended March 31, 2020 and 2019:

	Three Months Ended March 31,
	2020			2019
	(dollars in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	8,578		$	7,793
Weighted average remaining lease term - operating leases (in years)	5.11			5.73
Weighted average discount rate - operating leases	4.14		%	4.15		%

Future Minimum Annual Lease and Service Payments

As of March 31, 2020, 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)
2020	$	280	$	16,006
2021	223		24,373
2022	91		20,850
2023	3		17,595
2024	—		14,774
Thereafter	—		10,084
Total operating leases	597		103,682
Less discount	49		12,249
Less short-term leases	—		146
Total lease liability	$	548	$	91,287

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

(b)During the three months ended March 31, 2020, the Company recognized operating right-of-use assets and leases liabilities of $0.1 million for equipment leases.

As of March 31, 2020, future minimum annual service payments for the Company were as follows:

	Service Payments
	(dollars in thousands)
2020	$	20,251
2021	17,787
2022	9,991
2023	4,095
2024	1,938
Thereafter	4,401
Total service payment commitments	$	58,463

Other Commitments

The following table summarizes unfunded commitments as of March 31, 2020:

Entity	Unfunded Commitments		Commitment Term
	(dollars in thousands)
HealthCare Royalty Partners funds (a)	$	7,957	5 years
Eclipse Ventures Fund I, L.P. (formerly Formation8 Partners Hardware Fund I, L.P.)	$	81	5 years
Lagunita Biosciences, LLC	$	250	4 years
Eclipse Fund II, L.P.	$	180	6 years
Eclipse Continuity Fund I, L.P.	$	68	7 years
Cowen Healthcare Investments II LP	$	2,524	2 years
Cowen Healthcare Investments III LP	$	8,803	7 years
Cowen Sustainable Investments I LP	$	12,989	10 years

(a) 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.