Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.10.0.1
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Lease expense and other information related to leases
The components of lease expense were as follows (in thousands):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Finance lease cost:
 
 
 
 
 
 
 
 
Amortization of right-of-use assets
 
$
3,126

 
$
2,706

 
$
8,483

 
$
8,302

Interest on lease liabilities
 
167

 
142

 
414

 
509

Operating lease cost
 
2,616

 
2,433

 
7,749

 
7,563

Short-term lease cost
 
228

 
145

 
583

 
388

Variable lease cost
 
947

 
630

 
2,454

 
1,953

Sublease income
 
$
(156
)
 
$
(18
)
 
$
(381
)
 
$
(18
)
Total lease cost
 
$
6,928

 
$
6,038

 
$
19,302

 
$
18,697

Other information related to leases was as follows (in thousands):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Cash paid for amounts included in the measurement of lease liabilities
 
 
 
 
 
 
 
 
Operating cash flows from operating leases
 
$
2,771

 
$
2,509

 
$
8,026

 
$
7,481

Operating cash flows from finance leases
 
123

 
134

 
327

 
468

Financing cash flows from finance leases
 
2,357

 
2,369

 
6,529

 
7,735

Right-of-use assets obtained in exchange for lease obligations:
 
 
 
 
 
 
 
 
Operating leases
 
1,322

 
1,589

 
1,414

 
5,455

Finance leases
 
4,997

 
72

 
9,139

 
174

Weighted average remaining lease term (years):
 
 
 
 
 
 
 
 
Operating leases
 
3.51

 
4.08

 
3.51

 
4.08

Finance leases
 
2.59

 
2.20

 
2.59

 
2.20

Weighted average discount rate:
 
 
 
 
 
 
 
 
Operating leases
 
4.2
%
 
4.0
%
 
4.2
%
 
4.0
%
Finance leases
 
4.0
%
 
3.0
%
 
4.0
%
 
3.0
%
Future minimum lease payments under non-cancellable leases
Future minimum lease payments under non-cancellable leases as of September 30, 2018 were as follows (in thousands):
 
 
Operating Leases
 
Finance Leases
2018
 
$
9,000

 
$
8,749

2019
 
5,984

 
4,131

2020
 
4,211

 
2,371

2021
 
2,734

 
1,107

2022
 
1,918

 
49

Thereafter
 
321

 
19

Total future lease payments
 
24,168

 
16,426

Less: Amount representing interest
 
(1,623
)
 
(753
)
Present value of future payments
 
22,545

 
15,673

Less: Current portion
 
(8,288
)
 
(8,372
)
Long-term portion
 
$
14,257

 
$
7,301

Future minimum lease payments under non-cancellable leases
Future minimum lease payments under non-cancellable leases as of September 30, 2018 were as follows (in thousands):
 
 
Operating Leases
 
Finance Leases
2018
 
$
9,000

 
$
8,749

2019
 
5,984

 
4,131

2020
 
4,211

 
2,371

2021
 
2,734

 
1,107

2022
 
1,918

 
49

Thereafter
 
321

 
19

Total future lease payments
 
24,168

 
16,426

Less: Amount representing interest
 
(1,623
)
 
(753
)
Present value of future payments
 
22,545

 
15,673

Less: Current portion
 
(8,288
)
 
(8,372
)
Long-term portion
 
$
14,257

 
$
7,301