Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2019

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



Weighted Average Remaining Lease Term:
Operating leases	7.04 years

Weighted Average Discount Rate:
Operating leases	4.42	%

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



	Nine months ended September 30, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating and finance leases	$	8,280

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



	Nine months ended September 30, 2019
Operating and finance leases	$	6,861

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



	Three Months Ended			Nine Months Ended
	September 30, 2019			September 30, 2019
Operating lease cost	$	2,346		$	7,106
Short-term lease cost	89			146
Variable lease cost	194			676
Amortization of finance lease assets	31			91
Interest on finance lease liabilities	2			6
Sublease income	(25		)	(74		)
Total lease cost	$	2,637		$	7,951

Schedule of Future Minimum Operating 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 September 30, 2019:



	Operating and Finance Leases
Remainder of 2019	$	2,344
2020	8,218
2021	6,114
2022	5,339
2023	3,903
Thereafter	15,750
Total lease payments	41,668
Less imputed interest	(6,870		)
Present value of lease payments	$	34,798

Schedule of Future Minimum Finance Lease Payments Under Operating and Finance Leases



	Operating and Finance Leases
Remainder of 2019	$	2,344
2020	8,218
2021	6,114
2022	5,339
2023	3,903
Thereafter	15,750
Total lease payments	41,668
Less imputed interest	(6,870		)
Present value of lease payments	$	34,798