Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Summary of Components of Lease Expenses

The components of lease expense for the three and six months ended June 30, 2019 were as follows:

 

 

  

Three Months

Ended June 30,

2019

 

 

Six Months

Ended June 30,

2019

 

Operating Lease Cost

  

$

1,469

  

 

$

2,936

  

Finance Lease Cost:

  

 

 

  

 

 

 

  

     Amortization of ROU assets

  

 

17

  

 

 

48

  

     Interest on lease liabilities

  

 

1

  

 

 

3

 

     Total

 

$

18

 

 

$

51

 

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities at June 30, 2019:

 

 

  

Operating Leases

 

  

Non-cancellable
Subleases

 

 

Operating Lease
Liabilities

 

Remainder of 2019

  

$

2,975

  

  

$

(17

)

 

$

2,958

  

2020

  

 

5,754

  

  

 

(34

)

 

 

5,720

  

2021

  

 

5,746

  

  

 

(35

)

 

 

5,711

  

2022

  

 

5,726

  

  

 

(35

)

 

 

5,691

  

2023

 

 

5,331

 

 

 

(6

)

 

 

5,325

 

Thereafter

 

 

24,656

 

 

 

 

 

 

24,656

 

Total

  

$

50,188

  

  

$

(127

)

 

 

50,061

  

Less imputed interest

 

 

 

 

 

 

 

 

 

 

(8,293

)

Total remaining liabilities

 

 

 

 

 

 

 

 

 

$

41,768

 

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

 

 

 

 

 

 

 

 

 

 

108.3

 

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 June 30, 2019 and December 31, 2018 are as follows:

 

 

  

June 30,

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

  

 

(431

)

 

 

(462

)

 

  

$

157

  

 

$

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

  

$

45

  

2020

  

 

75

  

2021

  

 

37

  

2022

 

 

3

 

2023

 

 

 

Total

  

$

160

  

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

 

 

23.9

 

Weighted-average discount rate

 

 

3.9

%