LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Lease Costs Recognized Under Topic 842 and Other Information Pertaining to Operating Leases

The following table contains a summary of the lease costs recognized under Topic 842 and other information pertaining to the Company’s operating leases for the three and six months ended June 30, 2019:

Operating Lease (in thousands)	For the three months ended June 30, 2019		For the six months ended June 30, 2019
Lease cost
Operating lease cost		2,530		5,132
Variable lease cost		809		1,938
Total lease cost	$	3,339	$	7,070

Other information
Operating lease payments				4,816
Operating lease liabilities arising from obtaining ROU assets				—
Weighted average remaining lease term			5.9 years
Weighted average discount rate				7.50	%

Summary of Future Minimum Lease Payments Under Non-Cancelable Operating Leases Recognized Under Topic 842

Future minimum lease payments under the Company’s non-cancelable operating leases as of June 30, 2019, are as follows:

Maturity of lease liability (in thousands)	As of June 30, 2019
2019 (July - December)	$	5,467
2020		11,395
2021		12,558
2022		10,737
2023		10,877
Thereafter		20,484
Total minimum lease payments		71,518
Less: imputed interest		(14,148	)
Total operating lease liabilities	$	57,370
Included in the condensed consolidated balance sheet:
Current portion of lease liabilities within other current liabilities	$	7,161
Lease liabilities		50,209
Total operating lease liabilities	$	57,370

Summary of Future Minimum Lease Payments Under Non-Cancelable Operating Leases

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

Maturity of lease liability (in thousands)	As of December 31, 2018
2019	$	11,588
2020		11,395
2021		12,558
2022		10,757
2023		10,898
Thereafter		20,524
Total minimum lease payments	$	77,720