Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.3
LEASES (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Lease, Cost
Lease cost included in our consolidated income statements in General and administrative expenses and Commissions and other sales costs is in the table below (in thousands). Our short-term lease costs and sublease income are de minimis.

 
Three Months Ended September 30, 2019
 
Nine Months Ended September 30, 2019
Operating lease expense
$
1,851

 
$
5,114

Non-cash lease expense
$
1,437

 
$
3,958

Cash payments on lease liabilities
$
1,928

 
$
5,734

ROU assets obtained in exchange for new operating lease obligations
$
495

 
$
8,717

ROU assets are classified within Prepaids, other assets and goodwill on our consolidated balance sheet, while lease liabilities are classified within Accrued liabilities on our consolidated balance sheet. The following table contains additional information about our leases (dollars in thousands):

 
At September 30, 2019
ROU assets
$
25,038

Lease liabilities
$
33,148

Weighted-average remaining lease term
4.9 years

Weighted-average discount rate (incremental borrowing rate)
5.06
%

Lessee, Operating Lease, Liability, Maturity
Maturities of our operating lease liabilities as of September 30, 2019 are as follows (in thousands):
Year ended December 31,
 
2019 (excluding the nine months ended September 30, 2019)
$
2,174

2020
8,377

2021
7,569

2022
6,859

2023
6,021

Thereafter
6,663

Total payments
37,663

Less: imputed interest
(4,515
)
Present value of lease liabilities
$
33,148