Operating Leases

12 Months Ended

Dec. 31, 2018

16. Operating Leases

The Company maintains noncancellable operating leases for office space. The Company recognizes expense on a straight-line basis over the life of each lease. Rent expense for the years ended December 31, 2018, 2017 and 2016 was $3.2 million, $2.3 million and $1.4 million, respectively, included in selling, general, and administrative on our Consolidated Statements of Operations.

Future minimum lease payments as of December 31, 2018 are as follows (in thousands):


2019	$	5,411
2020		5,106
2021		4,281
2022		2,888
2023		2,374
Thereafter		1,706
Total	$	21,766