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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Maturities of lease liabilities Amounts related to financing leases were immaterial. The maturity of the Company’s operating lease liabilities as of June 30, 2019 are as follows (amounts in thousands):
As of June 30, 2019
 
Amount
 
2019 (remaining six months)
  $
2,010
 
2020
   
4,657
 
2021
   
4,572
 
2022
   
3,620
 
2023
   
2,654
 
2024 and thereafter
   
10,945
 
         
Total future minimum lease payments
   
28,458
 
Less amount of lease payment representing interest
   
4,962
 
         
Total operating lease liabilities
  $
23,496
 
         
Abstract of operating lease liability
Total operating lease liabilities is included on the Company’s consolidated balance sheet as of June 30, 2019 as follows (amounts in thousands):
         
 
As of June 30, 2019
 
Operating lease liability
  $
3,287
 
Operating lease liability, long-term
   
20,209
 
         
Minimum operating lease payments
  $
23,496
 
         
 
 
 
 
 
 
 
 
 
 
 
 
 
Lease, Cost For the three and six months ended June 30, 2019, total lease cost is comprised of the following:
                 
 
Three Months Ended
   
Six Months Ended
 
Lease Cost
 
June 30, 2019
   
June 30, 2019
 
 
(Amounts in thousands)
 
Operating lease cost
  $
982
    $
1,912
 
Variable operating lease cost
   
379
     
660
 
                 
Lease cost
  $
1,361
    $
2,572
 
                 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule Of Supplemental Disclosure Of Cash Flows Related To Operating Leases
The following information represents supplemental disclosure for the consolidated statements of cash flows related to operating leases (amounts in thousands):
         
 
Six Months Ended
 
 
June 30, 2019
 
Operating cash flows from operating leases
  $
(1,978
)
 
 
 
 
 
 
Schedule Of Discount Rate And Lease Term Used In Calculating Lease Liabilities And Assets
The weighted average remaining lease term and the weighted average discount rate used to measure our operating lease liabilities as of June 30, 2019 were:
         
Weighted average remaining lease term (years)
   
7.46
 
Weighted average discount rate
   
4.74
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior Accounting Standard [Member]  
Schedule of Future Minimum Rental Payments for Operating Leases
As previously disclosed in the Company’s 2018 Annual Report on Form
10-K
and under the previous lease accounting standard, ASC 840,
“Leases,”
the total commitment for
non-cancelable
operating leases was $18.0 million as of December 31, 2018 (amounts in thousands):
         
For the Years Ended December 31,
 
Amount
 
2019
  $
4,021
 
2020
   
3,599
 
2021
   
3,263
 
2022
   
2,213
 
2023
   
1,316
 
2024 and thereafter
   
3,622
 
         
Minimum operating lease payments
  $
18,034