Leases (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
|---|
| Leases [Abstract] |
|
| Schedule of lease expense and other supplemental information |
Other supplemental information related to leases for the three and six months ended June 30, 2019 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2019 |
|
Six Months Ended June 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
Operating cash flows from operating leases |
$ |
5,285 |
|
|
$ |
11,246 |
|
Operating cash flows from finance leases |
394 |
|
|
80 |
|
Financing cash flows from finance leases |
45 |
|
|
723 |
|
Right-of-use assets obtained in exchange for lease obligations: |
|
|
|
Operating leases |
$ |
981 |
|
|
$ |
1,936 |
|
Finance leases |
1,592 |
|
|
1,592 |
|
|
|
|
|
|
June 30, 2019 |
Weighted-average remaining lease term: |
|
Operating leases |
3.7 years |
|
Finance leases |
3.4 years |
|
Weighted-average discount rate: |
|
Operating leases |
4.5 |
% |
Finance leases |
4.5 |
% |
Lease expense consisted of the following for the three and six months ended June 30, 2019 (in thousands):
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2019 |
|
Six Months Ended June 30, 2019 |
Operating lease expense |
$ |
5,405 |
|
|
$ |
11,420 |
|
Short-term lease expense |
148 |
|
|
362 |
|
Finance lease expense: |
|
|
|
Amortization of right-of-use assets |
288 |
|
|
486 |
|
Interest on lease liabilities |
41 |
|
|
80 |
|
Total lease expense |
$ |
5,882 |
|
|
$ |
12,348 |
|
|
| Schedule of lease assets and liabilities |
Supplemental balance sheet information related to leases as of June 30, 2019 is as follows:
|
|
|
|
|
|
June 30, 2019 |
Operating leases: |
|
Operating lease right-of-use assets |
$ |
52,184 |
|
Current operating lease liability |
17,338 |
|
Long-term operating lease liability |
34,807 |
|
Finance leases: |
|
Property and equipment, net |
$ |
5,005 |
|
Accrued expenses and other current liabilities |
1,856 |
|
Other liabilities |
2,846 |
|
|
| Schedule of future minimum lease payments for capital leases |
Maturities of lease liabilities as of June 30, 2019 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
Remainder of 2019 |
$ |
9,961 |
|
|
$ |
1,536 |
|
2020 |
17,556 |
|
|
1,091 |
|
2021 |
13,005 |
|
|
782 |
|
2022 |
9,093 |
|
|
748 |
|
2023 |
4,344 |
|
|
742 |
|
Thereafter |
2,588 |
|
|
166 |
|
Total lease payments |
56,547 |
|
|
5,065 |
|
Less: Present value discount |
4,402 |
|
|
363 |
|
Present value of lease payments |
$ |
52,145 |
|
|
$ |
4,702 |
|
|
| Schedule of future minimum rental payments for operating leases |
Maturities of lease liabilities as of June 30, 2019 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
Operating Leases |
|
Finance Leases |
Remainder of 2019 |
$ |
9,961 |
|
|
$ |
1,536 |
|
2020 |
17,556 |
|
|
1,091 |
|
2021 |
13,005 |
|
|
782 |
|
2022 |
9,093 |
|
|
748 |
|
2023 |
4,344 |
|
|
742 |
|
Thereafter |
2,588 |
|
|
166 |
|
Total lease payments |
56,547 |
|
|
5,065 |
|
Less: Present value discount |
4,402 |
|
|
363 |
|
Present value of lease payments |
$ |
52,145 |
|
|
$ |
4,702 |
|
|