ºÚÁϳԹÏÍø

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract] Ìý
Change in Accounting Estimate The effect of the change in estimated useful lives to depreciation expense, net
income and earnings per share for the three and nine months ended September 30, 2019 is presented in the table below (in thousands, except earnings per share):

Effect on income statement line items due to change in estimated useful lives Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019
Increase in depreciation and amortization expense $ 916Ìý Ìý $ 916Ìý Ìý
Decrease in net income $ (723) Ìý $ (723) Ìý
Decrease in net income per Sub-share Certificate — basic and diluted $ (0.09) Ìý $ (0.09) Ìý
Cash and cash equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows (in thousands):
September 30, 2019 December 31, 2018
Cash and cash equivalents $ 249,881Ìý Ìý $ 119,647Ìý Ìý
Tax like-kind exchange escrow —Ìý Ìý 3,799Ìý Ìý
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 249,881Ìý Ìý $ 123,446Ìý Ìý
Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same such amounts shown in the condensed consolidated statements of cash flows (in thousands):
September 30, 2019 December 31, 2018
Cash and cash equivalents $ 249,881Ìý Ìý $ 119,647Ìý Ìý
Tax like-kind exchange escrow —Ìý Ìý 3,799Ìý Ìý
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 249,881Ìý Ìý $ 123,446Ìý Ìý
Future Minimum Lease Payments
Future minimum lease payments under these operating leases are as follows as of September 30, 2019 (in thousands):

2019 (excluding the nine months ended September 30)
$ 144Ìý Ìý
2020 696Ìý Ìý
2021 796Ìý Ìý
2022 697Ìý Ìý
2023 537Ìý Ìý
Thereafter 1,067Ìý Ìý
Total lease payments 3,937Ìý Ìý
Less: imputed interest (466) Ìý
Total operating lease liabilities $ 3,471Ìý Ìý