Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.19.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2019
Commitments And Contingencies Disclosure [Abstract]  
Maturity of Company's Operating Lease Liabilities

The maturity of the Company’s operating lease liabilities as of September 30, 2019 is as follows (in thousands):

 

 

Operating

 

Undiscounted lease payments

 

Leases

 

2019 (excluding the nine months ended September 30, 2019)

 

$

653

 

2020

 

 

2,736

 

2021

 

 

2,268

 

2022

 

 

1,944

 

2023

 

 

620

 

Thereafter

 

 

 

Total undiscounted lease payments

 

 

8,221

 

Present value adjustment

 

 

(679

)

Total net lease liabilities

 

$

7,542

 

Future Undiscounted Lease Payments Under Operating Leases

The Company’s future undiscounted lease payments under operating leases (as defined by prior guidance) as of December 31, 2018 are as follow (in thousands):

Year Ending December 31,

 

Rent Payments

 

2019

 

$

4,381

 

2020

 

 

3,923

 

2021

 

 

3,156

 

2022

 

 

2,611

 

2023

 

 

854

 

Thereafter

 

 

 

Total minimum lease payments

 

$

14,925

 

Supplemental Disclosure for Statement of Cash Flows and Additional Information Related to Operating Leases

The following information represents supplemental disclosure for the statement of cash flows related to operating leases (in thousands):

 

 

September 30,

 

 

 

2019

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows under operating leases

 

$

1,975

 

The following summarizes additional information related to operating leases (in thousands):

 

 

September 30,

 

 

 

2019

 

Weighted-average remaining lease term

 

 

 

 

Operating leases

 

3 years

 

Weighted-average discount rate

 

 

 

 

Operating leases

 

 

5.51

%

Future Cash Flows to be Received from Subleases

The Company’s future cash flows to be received from subleases as of September 30, 2019 and December 31, 2018 is as follows (in thousands):

 

 

September 30,

 

Sublease income

 

2019

 

2019 (excluding the nine months ended September 30, 2019)

 

$

560

 

2020

 

 

2,280

 

2021

 

 

1,906

 

2022

 

 

1,644

 

2023

 

 

556

 

Total minimum lease payments

 

$

6,946

 

 

 

 

December 31,

 

Sublease income

 

2018(1)

 

2019

 

$

2,249

 

2020

 

 

2,376

 

2021

 

 

2,006

 

2022

 

 

1,746

 

2023

 

 

592

 

Total minimum lease payments

 

$

8,969

 

 

(1)

Sublease income as of December 31, 2018 includes base lease payments and expected reimbursement of certain operating expenses under executed sublease agreements.