Quarterly report pursuant to Section 13 or 15(d)

Operating Leases (Tables)

v3.19.2
Operating Leases (Tables)
6 Months Ended
Jun. 30, 2019
Operating leases  
Schedule of lease cost

The following table shows the lease costs for the three and six months ended June 30, 2019 (in thousands):

Three months ended

Six months ended

June 30, 

June 30, 

2019

     

2019

Lease cost:

Operating lease cost

$

1,024

 

$

2,014

Short-term lease cost

 

121

 

168

$

1,145

 

$

2,182

Six months ended

June 30, 

2019

Other information:

Operating cash flows from operating leases (in thousands)

$

2,194

June 30, 

2019

Weighted-average remaining lease term - operating leases

7.8 years

Weighted-average discount rate - operating leases

7.2%

Schedule of maturities of operating lease liabilities

The maturities of operating lease liabilities are as follows (in thousands):

     

Operating leases

     

2019

 

$

2,037

 

2020

 

4,110

2021

 

4,153

2022

 

4,158

2023

 

3,918

after 2023

 

16,302

Total lease payments

34,678

Less: Imputed interest

(8,674)

Present value of lease liability

$

26,004

The Company has operating leases in relation to property for office and research facilities. The maximum lease term without activation of termination options is to 2041.