Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.1
Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Operating Lease Assets and Lease Liabilities
The following table presents the Company's right-of-use asset and lease liability for the period indicated:
 
March 31, 2019
 
(in thousands)
Assets
 
Operating leases
$
39,340

Total right-of-use asset
$
39,340

 
 
Liabilities
 
Operating leases
$
39,531

Total lease liability
$
39,531

Schedule of Operating Lease Costs
The following table presents the Company's lease costs for the periods indicated:
 
Three Months Ended 
March 31, 2019
 
(in thousands)
Operating lease cost (1)
$
1,943

Sublease income (2)
(33
)
Net lease cost
$
1,910


(1) 
Includes short-term leases and variable lease costs, which are recorded in rent expense.
(2) 
Includes rental income from leased properties, which are included as contra-expense in rent expense.

Maturity Schedule of Operating Lease Liabilities
The following table presents the Company's remaining lease liability by maturity as of March 31, 2019:
 
Operating Leases
 
(in thousands)
 
 
2019
$
4,700

2020
5,691

2021
4,991

2022
4,696

2023
4,538

Thereafter
21,390

 
46,006

Interest
(6,475
)
Present value of lease liability
$
39,531