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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of Lease Expense

The components of lease expense are set forth in the table below:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2019

 

June 30, 2019

Operating lease expense

 

$

3,773

 

$

7,477

Finance lease expense:

 

 

 

 

 

 

Amortization of assets

 

 

245

 

 

489

Interest on lease liabilities

 

 

13

 

 

28

Short-term lease expense

 

 

98

 

 

134

Variable lease expense

 

 

802

 

 

1,420

Total lease expense

 

$

4,931

 

$

9,548

Supplemental Balance Sheet Information Related to Leases

The table below sets forth supplemental balance sheet information related to leases:

 

 

 

June 30, 2019

Operating leases:

 

 

Operating lease ROU assets

 

$63,919

 

 

 

Current operating lease liabilities

 

12,268

Noncurrent operating lease liabilities

 

33,506

Total operating lease liabilities

 

$45,774

 

 

 

Finance leases:

 

 

Finance lease ROU assets

 

$3,396

Accumulated amortization

 

(1,436)

Finance lease ROU assets, net

 

$1,960

 

 

 

Current finance lease liabilities

 

$941

Non-current finance lease liabilities

 

593

Total finance lease liabilities

 

$1,534

 

 

 

Weighted average remaining lease term (in years):

 

 

Operating leases

 

4.8

Finance leases

 

1.7

 

 

 

Weighted average discount rate:

 

 

Operating leases

 

3.8%

Finance leases

 

3.6%

Supplemental Cash Flow and Other Information Related to Leases

 

 

The table below sets forth supplemental cash flow and other information related to leases:

 

 

 

Six Months Ended

 

 

June 30, 2019

Cash paid for the amounts included in the measurements of lease liabilities:

 

 

Operating cash outflows from operating leases

 

$10,154

Operating cash outflows from finance leases

 

28

Financing cash outflow from finance leases

 

588

 

 

 

ROU assets obtained in exchange for lease liabilities incurred:

 

 

Operating leases

 

3,198

Schedule of Operating and Finance Lease Liability Maturities

The table below sets forth information about lease liability maturities:

 

 

 

June 30, 2019

 

 

Operating Leases

 

Finance Leases

Remainder of 2019

 

$

7,002

 

$

513

2020

 

 

13,469

 

 

922

2021

 

 

9,522

 

 

138

2022

 

 

8,245

 

 

-

2023

 

 

4,566

 

 

-

2024

 

 

2,439

 

 

-

2025 and thereafter

 

 

4,922

 

-

Total lease payments

 

 

50,165

 

 

1,573

Less: imputed interest

 

 

(4,391)

 

 

(39)

Total lease obligations

 

 

45,774

 

 

1,534

Less: current obligations

 

 

(12,268)

 

 

(941)

Long-term lease obligations

 

$

33,506

 

$

593