Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental cash flow information. The table below presents supplemental cash flow information related to leases during the six months ended June 30, 2019:



	Six months ended June 30, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating and finance leases	$	5,391

Non-cash investing and financing activities. The Right-of-use assets obtained in exchange for lease obligations during the six months ended June 30, 2019 was:



	Six months ended June 30, 2019
Operating and finance leases	$	6,993

The Company’s components of lease cost for the three and six months ended June 30, 2019 were as follows:



	Three Months Ended			Six Months Ended
	June 30, 2019			June 30, 2019
Operating lease cost	$	2,356		$	4,760
Short-term lease cost	24			57
Variable lease cost	219			482
Amortization of finance lease assets	60			60
Interest on finance lease liabilities	4			4
Sublease income	(25		)	(49		)
Total lease cost	$	2,638		$	5,314

The table below presents additional information related to our leases as of June 30, 2019:



Weighted Average Remaining Lease Term:
Operating leases	7.16 years

Weighted Average Discount Rate:
Operating leases	4.37	%

Schedule of Future Minimum Lease Payments Under Operating and Finance Leases

The table below summarizes the Company’s scheduled future minimum lease payments under operating and finance leases, recorded on the Condensed Consolidated Statements of Financial Condition as of June 30, 2019:



	Operating and Finance Leases
Remainder of 2019	$	4,595
2020	7,965
2021	5,829
2022	5,132
2023	3,899
Thereafter	15,750
Total lease payments	43,170
Less imputed interest	(6,775		)
Present value of lease payments	$	36,395

Schedule of Future Minimum Lease Payments Under Operating and Finance Leases



	Operating and Finance Leases
Remainder of 2019	$	4,595
2020	7,965
2021	5,829
2022	5,132
2023	3,899
Thereafter	15,750
Total lease payments	43,170
Less imputed interest	(6,775		)
Present value of lease payments	$	36,395