Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases

Schedule of Company's Lease Cost

The Company’s lease costs for the three months and nine months ended September 30, 2020 and 2019 are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Operating lease cost	$	2,929	$	3,167	$	9,009	$	9,742
Finance lease cost:
Amortization of right-of-use assets		38		43		112		120
Interest on lease liabilities		12		18		37		49
Net lease cost	$	2,979	$	3,228	$	9,158	$	9,911

Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases at September 30, 2020 are as follows (in thousands):

	Operating		Finance
	Leases		Leases
Year 1	$	6,335	$	260
Year 2		6,029		241
Year 3		6,062		232
Year 4		5,873		60
Year 5		5,911		46
Years thereafter		569,804		578
Total future minimum lease payments		600,014		1,417
Less amount representing interest		(492,632)		(271)
Total present value of minimum payments	$	107,382	$	1,146

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	50.3	years
Finance leases	10.1	years
Weighted-average discount rate:
Operating leases	6.8	%
Finance leases	4.0	%