
	For the Three Months Ended		For the Six Months Ended
	June 30, 2019		June 30, 2019
	(In thousands)
Operating lease cost	$	83,914	$	164,984

Short-term lease cost (1)		3,742		6,226

Finance lease cost:
Amortization of right-of-use assets		3,805		9,913
Interest on lease liabilities		1,099		2,280
Total finance lease cost		4,904		12,193
Total lease costs	$	92,560	$	183,403

(1)

Leases that have terms of 12 month or less.

Summary of supplemental balance sheet information related to leases


	As of June 30, 2019
	(In thousands)
Operating Leases:
Operating lease right-of-use assets (1)	$	679,412

Other current liabilities (1)	$	223,981
Operating lease liabilities (1)		455,917
Total operating lease liabilities	$	679,898

Finance Leases:
Property and equipment, gross	$	224,454
Accumulated depreciation		(182,653)
Property and equipment, net	$	41,801

Other current liabilities	$	18,466
Other long-term liabilities		37,657
Total finance lease liabilities	$	56,123

Weighted Average Remaining Lease Term:
Operating leases		3.6 years
Finance leases		2.8 years

Weighted Average Discount Rate:
Operating leases		9.1%
Finance leases		7.5%

(1)

Approximately $530 million of our operating lease right-of-use assets and the related liabilities relates to satellites and real estate assets that will be transferred to us by EchoStar upon the closing of the Master Transaction Agreement. See Note 1 for further information. Upon the closing of the Master Transaction Agreement, these satellite and real estate assets will no longer be included in “Operating lease right-of-use assets,” “Other current liabilities” and “Operating lease liabilities,” but rather in “Property and equipment, net” on our Condensed Consolidated Balance Sheets. The assets will be initially recorded at EchoStar’s costs basis as the Master Transaction Agreement is between entities under common control.

Summary of maturities of finance lease liabilities

Maturities of lease liabilities as of June 30, 2019 were as follows:


	Maturities of Lease Liabilities
	Operating		Finance
For the Years Ending December 31,	Leases		Leases		Total
	(In thousands)
2019 (remaining six months)	$	147,224	$	11,012	$	158,236
2020		243,264		22,024		265,288
2021		201,925		22,026		223,951
2022		129,071		7,363		136,434
2023		25,152		—		25,152
Thereafter		51,796		—		51,796
Total lease payments		798,432		62,425		860,857
Less: Imputed interest		(118,534)		(6,302)		(124,836)
Total		679,898		56,123		736,021
Less: Current portion		(223,981)		(18,466)		(242,447)
Long-term portion of lease obligations	$	455,917	$	37,657	$	493,574