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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Lease, Cost
Lease financial information as of and for the three and six months ended June 30, 2019 is provided in the following table:
 
 
 
 
 
(in thousands)
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Finance lease cost:
 
 
 
 
Amortization of right-of-use assets
 
$
558

 
$
1,094

Interest on lease liabilities
 
57

 
188

Operating lease cost
 
927

 
1,856

Short-term lease cost
 
189

 
360

Variable lease cost (1)
 
93

 
175

Total lease cost
 
$
1,824

 
$
3,673

 
 
 
 
 
Other Information:
 
 
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
 
Operating cash flows from operating leases
 
 
 
$
1,901

Finance cash flows from finance leases
 
 
 
$
681

Right-of-use assets obtained in exchange for new operating lease liabilities
 
 
 
$
49

Weighted-average remaining lease term - finance leases
 
 
 
4.7 years

Weighted-average remaining lease term - operating leases
 
 
 
2.4 years

Weighted-average discount rate - finance leases
 
 
 
6.1
%
Weighted-average discount rate - operating leases
 
 
 
8.6
%
(1) Primarily includes common area maintenance, property taxes and insurance payable to lessors.
Operating Lease Maturity
The following table summarizes the Company’s future lease payments under finance and operating leases as of June 30, 2019:
(in thousands)
 
Operating
Lease
Commitments
 
Finance
Lease
Commitments
 
Total Lease Commitments
2019 (remaining six months)
 
$
1,845

 
$
867

 
$
2,712

2020
 
2,328

 
1,707

 
4,035

2021
 
1,632

 
1,802

 
3,434

2022
 
310

 
951

 
1,261

2023
 
221

 
951

 
1,172

Thereafter
 

 
2,482

 
2,482

Total lease payments
 
6,336

 
8,760

 
15,096

Less: Imputed interest
 
(787
)
 
(1,340
)
 
(2,127
)
Present value of lease payments
 
$
5,549

 
$
7,420

 
$
12,969

Finance Leases Maturity
The following table summarizes the Company’s future lease payments under finance and operating leases as of June 30, 2019:
(in thousands)
 
Operating
Lease
Commitments
 
Finance
Lease
Commitments
 
Total Lease Commitments
2019 (remaining six months)
 
$
1,845

 
$
867

 
$
2,712

2020
 
2,328

 
1,707

 
4,035

2021
 
1,632

 
1,802

 
3,434

2022
 
310

 
951

 
1,261

2023
 
221

 
951

 
1,172

Thereafter
 

 
2,482

 
2,482

Total lease payments
 
6,336

 
8,760

 
15,096

Less: Imputed interest
 
(787
)
 
(1,340
)
 
(2,127
)
Present value of lease payments
 
$
5,549

 
$
7,420

 
$
12,969

Future Minimum Rental Payments for Operating Leases
The following table summarizes the Company’s future minimum non-cancellable lease payments due under capital and operating leases as of December 31, 2018:
(in thousands)
 
Operating
Lease
Commitments
 
Capital
Lease
Commitments
2019
 
$
3,619

 
$
1,749

2020
 
2,273

 
1,707

2021
 
1,632

 
1,802

2022
 
310

 
951

2023
 
221

 
951

Thereafter
 

 
2,482

Total minimum lease payments
 
$
8,055

 
9,642

Less: Imputed interest
 
 
 
(1,475
)
Present value of minimum lease payments
 
 
 
$
8,167

Future Minimum Lease Payments for Capital Leases
The following table summarizes the Company’s future minimum non-cancellable lease payments due under capital and operating leases as of December 31, 2018:
(in thousands)
 
Operating
Lease
Commitments
 
Capital
Lease
Commitments
2019
 
$
3,619

 
$
1,749

2020
 
2,273

 
1,707

2021
 
1,632

 
1,802

2022
 
310

 
951

2023
 
221

 
951

Thereafter
 

 
2,482

Total minimum lease payments
 
$
8,055

 
9,642

Less: Imputed interest
 
 
 
(1,475
)
Present value of minimum lease payments
 
 
 
$
8,167