Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases

Schedule of Company's Lease Cost

The Company’s lease costs for the three months ended March 31, 2021 and 2020 are as follows (in thousands):

	Three Months Ended
	March 31,
	2021		2020
Operating lease cost	$	3,127	$	3,287
Finance lease cost:
Amortization of right-of-use assets		37		37
Interest on lease liabilities		11		13
Net lease cost	$	3,175	$	3,337

Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases at March 31, 2021 are as follows (in thousands):

	Operating		Finance
	Leases		Leases
Year 1	$	6,366	$	253
Year 2		6,037		234
Year 3		6,006		153
Year 4		5,827		46
Year 5		6,003		46
Years thereafter		566,780		555
Total future minimum lease payments		597,019		1,287
Less amount representing interest		(488,962)		(249)
Total present value of minimum payments	$	108,057	$	1,038

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	50.1	years
Finance leases	10.2	years
Weighted-average discount rate:
Operating leases	6.9	%
Finance leases	4.0	%