XML 65 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Summary of Lease Costs and Other Information

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s operating leases for the year ended December 31, 2019:

 

 

 

Year Ended

 

 

 

December 31, 2019

 

 

 

(in thousands)

 

Lease cost

 

 

 

 

Operating lease cost

 

$

7,431

 

Short-term lease cost

 

 

53

 

Variable lease cost

 

2,218

 

Total lease cost

 

$

9,702

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31, 2019

 

 

 

(in thousands)

 

Other information

 

 

 

 

Operating cash flows used for operating leases

 

$

6,476

 

Operating lease liabilities arising from obtaining right-of-use

   assets

 

2,554

 

 

 

 

 

 

 

 

As of December 31, 2019

 

Lease term and discount rate

 

 

 

Weighted average remaining lease term

 

3.0 years

 

Weighted average discount rate

 

9.00%

 

 

Schedule of Reconciliation of Undiscounted Cash Flows for Operating Lease Liabilities / Future Minimum Lease Payments

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded in the consolidated balance sheet as of December 31, 2019:

 

Future Operating Lease Payments

 

Year Ending December 31,

 

(in thousands)

 

2020

 

$

7,113

 

2021

 

 

7,350

 

2022

 

 

4,733

 

2023

 

 

871

 

2024

 

 

871

 

Thereafter

 

 

73

 

Total lease payments

 

$

21,011

 

Less: imputed interest

 

 

(2,636

)

Total operating lease liabilities at December 31, 2019

 

$

18,375

 

 

Future minimum lease payments under the Company’s non-cancelable operating leases as of December 31, 2018, are as follows:

 

Year Ending December 31,

 

(In thousands)

 

2019

 

$

5,616

 

2020

 

 

4,963

 

2021

 

 

5,507

 

2022

 

 

3,861

 

 

 

$

19,947