LEASES (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2019:

Operating Lease (in thousands)	For the three months ended September 30, 2019		For the nine months ended September 30, 2019
Lease cost
Operating lease cost		2,606		7,738
Variable lease cost		1,008		2,946
Total lease cost	$	3,614	$	10,684

Other information
Operating lease payments				7,606
Operating lease liabilities arising from obtaining ROU assets				—
Weighted average remaining lease term			5.7
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 September 30, 2019, are as follows:

Maturity of lease liability (in thousands)	As of September 30, 2019
2019 (October - December)	$	2,809
2020		11,718
2021		12,890
2022		11,080
2023		11,230
Thereafter		21,126
Total minimum lease payments		70,853
Less: imputed interest		(13,516	)
Total operating lease liabilities	$	57,337
Included in the condensed consolidated balance sheet:
Current portion of lease liabilities within other current liabilities	$	7,596
Lease liabilities		49,741
Total operating lease liabilities	$	57,337

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