Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Lease Related Costs
Lease related costs recognized in the Consolidated Statements of Operations for the three and six months ended June 30, 2019 are as follows:
 
 
Three Months Ended June 30, 2019
 
Six Months Ended June 30, 2019
Finance lease cost
 
 
 
 
Amortization of right-of-use assets
 
$
1,529

 
$
3,046

Interest on lease liabilities
 
373

 
619

Total finance lease cost
 
1,902

 
3,665

 
 
 
 
 
Operating lease cost
 
 
 
 
Operating lease cost
 
9,588

 
18,598

Short-term lease cost
 
711

 
1,462

Variable lease cost
 
4,401

 
7,173

Total operating lease cost
 
14,700

 
27,233

 
 
 
 
 
Total lease cost
 
$
16,602

 
$
30,898

Lease, Other Information
Other information related to leases included on the Consolidated Balance Sheet as of and for the six months ended June 30, 2019 are as follows:
 
 
Operating Leases
 
Financing Leases
Right-of-use assets
 
225,666

 
22,502

Lease liabilities
 
211,182

 
22,908

 
 
 
 
 
Cash paid for amounts included in the measurement of lease liabilities
 
 
 
 
Operating cash flows
 
15,062

 
420

Financing cash flows
 
N/A

 
2,692

 
 
 
 
 
Right-of-use assets obtained in exchange for lease liabilities
 
11,387

 
10,613

 
 
 
 
 
Weighted average remaining lease term
 
12.7 years

 
3.7 years

Weighted average discount rate
 
8.8
%
 
7.2
%
Schedule of Future Minimum Lease Payments, Operating Lease
Future minimum lease payments under non-cancellable leases as of June 30, 2019 are as follows:
 
 
Operating Leases
 
Financing Leases
July 1, 2019 - December 31, 2019
 
15,179

 
5,549

2020
 
33,736

 
6,854

2021
 
32,509

 
5,409

2022
 
31,134

 
3,829

2023
 
30,962

 
2,821

Thereafter
 
229,332

 
910

Total minimum lease payments
 
372,852

 
25,372

Less: imputed interest
 
161,670

 
2,464

Total lease liabilities
 
$
211,182

 
$
22,908

Schedule of Future Minimum Lease Payments, Finance Lease
Future minimum lease payments under non-cancellable leases as of June 30, 2019 are as follows:
 
 
Operating Leases
 
Financing Leases
July 1, 2019 - December 31, 2019
 
15,179

 
5,549

2020
 
33,736

 
6,854

2021
 
32,509

 
5,409

2022
 
31,134

 
3,829

2023
 
30,962

 
2,821

Thereafter
 
229,332

 
910

Total minimum lease payments
 
372,852

 
25,372

Less: imputed interest
 
161,670

 
2,464

Total lease liabilities
 
$
211,182

 
$
22,908