Leases (Tables)

6 Months Ended

Jun. 30, 2019

Information related to the Company's total lease costs were as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
Operating lease cost	$	1,646	$	3,602
Variable lease cost		143		250
Short-term lease cost		185		244
Total lease cost	$	1,974	$	4,096

Summary of Information Related to ROU Assets and Related Lease Liabilities

Information related to the Company's ROU assets and related lease liabilities were as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
Cash paid for operating lease liabilities	$	1,914	$	3,644
Right-of-use assets obtained in exchange for new operating lease obligations ⁽¹⁾		1,819		28,514

(1) Six-months ended balance includes $25.8 million for operating leases existing on January 1, 2019 and $2.7 million for operating leases that commenced in the first six months of 2019.

			As of June 30, 2019
Weighted-average remaining lease term			4.2 years
Weighted-average discount rate			4.4		%

Reconciliation of Undiscounted Future Minimum Lease Payments Under Noncancellable Operating Leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancellable operating leases with terms of more than one year to the total operating lease liabilities recognized on the condensed consolidated balance sheets as of June 30, 2019 (in thousands):

July 1, 2019 through December 31, 2019	$	3,767
2020		7,076
2021		6,450
2022		4,976
2023		3,672
Thereafter		2,087
Total undiscounted future minimum lease payments		28,028
Less: Difference between undiscounted lease payments and discounted operating lease liabilities		2,546
Total operating lease liabilities	$	25,482
Current operating lease liabilities	$	6,381
Long-term operating lease liabilities		19,101
Total operating lease liabilities	$	25,482

Summary of Future Minimum Lease Payments for Operating Leases

As previously disclosed in our 2018 Annual Report on Form 10-K, under the previous lease accounting standard, future minimum lease payments for operating leases having initial or remaining noncancellable lease terms in excess of one year would have been as follows (in thousands):

Year Ending
December 31,
2019	$	7,135
2020		6,198
2021		5,673
2022		4,125
2023		2,642
Thereafter		1,474
	$	27,247