Quarterly report pursuant to Section 13 or 15(d)

Lease Agreements (Tables)

v3.19.2
Lease Agreements (Tables)
6 Months Ended
Jun. 30, 2019
Lease Agreements  
Schedule of components of operating lease expense

 

 

For the three and six months ended June 30, 2019, the components of our operating lease expense were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

 

Six Months Ended 

 

 

 

June 30, 

 

 

June 30, 

 

 

2019

 

2019

Fixed operating lease expense

    

$

1,312

    

$

2,568

Variable operating lease expense

 

 

129

 

 

378

Total operating lease expense

 

$

1,441

 

$

2,946

 

Schedule of cash flow information related to operating lease

Supplemental information related to the Company’s operating lease for the three and six months ended June 30, 2019 were as follow (in thousands):

 

 

 

 

 

 

 

 

Cash payments included in the measurement of operating lease liabilities

 

$

2,338

 

$

4,646

Right-of-use asset obtained in exchange for operating lease obligations

 

 

 

 

 

Schedule of maturity of operating lease liabilities

The following table presents the future lease payments of our operating lease liabilities as of June 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

Remainder of 2019

 

$

4,676

 

 

 

2020

 

 

9,694

 

 

 

2021

 

 

10,082

 

 

 

2022

 

 

10,485

 

 

 

2023

 

 

877

 

 

 

Total operating lease payments

 

 

35,814

 

 

 

Less: imputed interest

 

 

(5,726)

 

 

 

Total operating lease liabilities

 

$

30,088

 

 

 

 

Schedule of operating sublease information

For the three and six months ended June 30, 2019, we have the following operating sublease information (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended 

 

 

Six Months Ended 

 

 

 

June 30, 

 

 

June 30, 

 

 

2019

 

2019

Fixed sublease expense

    

$

1,095

    

$

2,190

Variable sublease expense

 

 

193

 

 

408

Sublease income

 

 

(1,288)

 

 

(2,598)

Net

 

$

 —

 

$

 —

 

Schedule of future lease payments expected to be received under sublease

The following table presents the future lease payments we expect to receive under our sublease as of June 30, 2019 (in thousands):

 

 

 

 

 

 

 

 

Remainder of 2019

 

$

2,103

 

 

 

2020

 

 

4,360

 

 

 

2021

 

 

4,534

 

 

 

2022

 

 

4,716

 

 

 

2023

 

 

394

 

 

 

Total operating lease liabilities

 

$

16,107