v3.19.2
Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Components of Lease Cost

The components of lease cost were as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2019

 

 

2019

 

 

(in thousands)

 

Operating lease expense

$

13,206

 

 

$

26,887

 

Sublease income

 

(1,268

)

 

 

(2,193

)

Total net lease costs

$

11,938

 

 

$

24,694

 

Summary of Weighted Average Remaining Lease Term and Discount Rate Related to Operating Leases

Lease Term and Discount Rate

The weighted-average remaining lease term (in years) and discount rate related to the operating leases were as follows:

 

 

June 30, 2019

 

Weighted-average remaining lease term

 

7.1

 

Weighted-average discount rate

 

6.2

%

Present Value of Operating Lease Liabilities

Maturity of Lease Liabilities

The present value of our operating lease liabilities as of June 30, 2019 were as follows:

 

 

Operating Leases

 

 

(in thousands)

 

Remainder of 2019

$

34,024

 

2020

 

67,621

 

2021

 

66,490

 

2022

 

58,591

 

2023

 

55,765

 

Thereafter

 

164,835

 

Total lease payments

$

447,326

 

Less: Imputed interest

 

(88,563

)

Present value of lease liabilities

$

358,763