Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases

Schedule of Company's Lease Cost

The Company’s lease costs for the three months ended March 31, 2020 and 2019 are as follows (in thousands):

	Three Months Ended
	March 31,
	2020		2019
Operating lease cost	$	3,287	$	3,346
Finance lease cost:
Amortization of right-of-use assets		37		41
Interest on lease liabilities		13		17
Net lease cost	$	3,337	$	3,404

Summary of Maturities of Operating Lease Liabilities

Future minimum lease payments under non-cancelable leases at March 31, 2020 are as follows (in thousands):

	Operating		Finance
	Leases		Leases
Year 1	$	6,417	$	260
Year 2		6,147		255
Year 3		6,039		232
Year 4		6,006		153
Year 5		5,827		46
Years thereafter		572,754		602
Total future minimum lease payments		603,190		1,548
Less amount representing interest		(496,265)		(299)
Total present value of minimum payments	$	106,925	$	1,249

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	50.4	years
Finance leases	10.1	years
Weighted-average discount rate:
Operating leases	6.8	%
Finance leases	4.0	%