Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.19.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Lease, Cost [Table Text Block]
The following table summarizes the Company's lease costs for the three and six months ended June 30, 2019 and related information:
 
Three months ended
 
Six months ended
 
June 30, 2019
 
June 30, 2019
Lease cost
 
 
 
Operating lease cost
$
13,971

 
$
26,788

Short-term lease cost
2,656

 
5,505

Variable lease cost
91,261

 
173,349

Sublease income
(559
)
 
(1,094
)
Total lease cost
$
107,329

 
$
204,548

 
 
 
 
Other information
 
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
$
13,776

 
$
26,329

Right-of-use assets obtained in exchange for new operating lease liabilities
$
26,674

 
$
173,496

Weighted-average remaining lease term - operating leases (in years)
3.9

 
3.9

Weighted-average discount rate - operating leases
4.3
%
 
4.3
%

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet as of June 30, 2019:

Payment Due Period
Operating Leases
2019
$
28,742

2020
47,828

2021
33,959

2022
22,459

2023
15,560

Thereafter
14,966

Total minimum lease payments
163,514

Less: amount of lease payments representing interest
(13,392
)
Present value of future minimum lease payments
150,122

Less: current obligations under leases
(49,370
)
Long-term lease obligations
$
100,752