Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.3
Leases (Tables)
6 Months Ended
Jun. 30, 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:
 
June 30, 2019
 
(in thousands)
Assets
 
Total right-of-use assets - Operating leases
$
39,978

 
 
Liabilities
 
Total lease liabilities - Operating leases
$
40,378


Schedule of Operating Lease Costs
The following table presents the Company's lease costs for the periods indicated:
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
 
(in thousands)
Operating lease cost (1)
$
1,940

 
$
3,865

Sublease income (2)
(33
)
 
(66
)
Net lease cost
$
1,907

 
$
3,799


(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 June 30, 2019:
 
Operating Leases
 
(in thousands)
 
 
2019
$
3,802

2020
6,392

2021
5,129

2022
4,843

2023
4,735

Thereafter
21,726

 
46,627

Interest
(6,249
)
Present value of lease liability
$
40,378