Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]  
Summary of Future Minimum Lease Payments and Rentals under Lease Agreements

Future minimum lease payments and rentals under lease agreements which expire through 2028 are as follows:

 

 

  

Minimum Lease
Commitments

 

  

Non-cancellable
Subleases

 

 

Minimum Net
Rentals

 

Remainder of 2019

  

$

4,657

  

  

$

(55

)

 

$

4,602

  

2020

  

 

6,183

  

  

 

(34

)

 

 

6,149

  

2021

  

 

6,193

  

  

 

(35

)

 

 

6,158

  

2022

  

 

6,076

  

  

 

(35

)

 

 

6,041

  

2023

 

 

5,770

 

 

 

(6

)

 

 

5,764

 

Thereafter

 

 

27,827

 

 

 

 

 

 

27,827

 

Total

  

$

56,706

  

  

$

(165

)

 

$

56,541

  

Weighted-average remaining lease term – operating leases (months)

 

 

 

 

 

 

 

 

 

 

111.1

 

Weighted-average discount rate

 

 

 

 

 

 

 

 

 

 

4.3

%

Assets Relating to Finance Leases Included in Equipment

The assets relating to finance leases that are included in equipment as of March 31, 2019 and December 31, 2018 are as follows:

 

 

  

March 31,

2019

 

 

December 31,

2018

 

Finance lease assets included in furniture and equipment

  

$

588

  

 

$

605

  

Finance lease assets included in software

  

 

  

 

 

58

  

Less: Accumulated depreciation and amortization

  

 

(408

)

 

 

(462

)

 

  

$

180

  

 

$

201

  

Summary of Future Minimum Lease Payments under Finance Leases

Future minimum lease payments under finance leases are as follows:

 

 

  

Future Minimum Lease
Commitments

 

Remainder of 2019

  

$

67

  

2020

  

 

75

  

2021

  

 

37

  

2022

 

 

3

 

2023

 

 

 

Total

  

$

182

  

Weighted-average remaining lease term – finance leases (months)

 

 

27.1

 

Weighted-average discount rate

 

 

4.0

%