Leases (Tables)

3 Months Ended

Mar. 31, 2019

Lessee, Operating Lease, Liability, Maturity

The following table details the maturity analysis of the Partnership's operating lease liability and reconciles the undiscounted cash flows to the operating lease liability included in its Consolidated Balance Sheet:



Remaining Annual Lease Payments (In thousands)	As of March 31, 2019
2019	$	362
2020	483
2021	483
2022	483
2023	483
After 2023	12,079
Total lease payments ⁽¹⁾	$	14,373
Less: present value adjustment ⁽²⁾	(10,860		)
Total operating lease liability	$	3,513


(1)	The remaining lease term of the Partnership's operating lease is 29.75 years.

(2)

The present value of the operating lease liability on the Partnership's Consolidated Balance Sheet was calculated using a 13.5% discount rate which represents the Partnership's estimated incremental borrowing rate under the lease. As the Partnership's lease does not provide an implicit rate, the Partnership estimated the incremental borrowing rate at the time the lease was entered into by utilizing the rate of the Partnership's secured debt and adjusting it for factors that reflect the profile of borrowing over the 30-year expected lease term.

Assets And Liabilities, Lessor

The following table shows certain amounts related to the Partnership's Sugar Camp lease:



(In thousands)	March 31, 2019		December 31, 2018
Accounts receivable	$	602	$	661
Contract receivable (current and long-term)	40,331		40,776
Unearned income	24,252		25,058
Projected remaining payments	$	65,185	$	66,495