LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Assets and liabilities, lessee

The Company’s leased assets and liabilities are as follows:

(In thousands)	March 31, 2020
Assets
Operating lease right-of-use assets	$	68,582
Riverwalk impairment	(10,235		)
Total leased assets	$	58,347
Liabilities
Operating lease liabilities	$	69,980
Total leased liabilities	$	69,980

Lease cost

Other information related to the Company’s lessee agreements is as follows:

(In thousands)	Three Months Ended
Supplemental Condensed Consolidated Statements of Cash Flows Information	March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows on operating leases	$	1,796

Other Information	March 31, 2020
Weighted-average remaining lease term (years)
Operating leases	37.1
Weighted-average discount rate
Operating leases	7.8	%

The components of lease expense are as follows:

(In thousands)	Three Months Ended
Lease cost	March 31, 2020
Operating lease cost	$	2,179
Variable lease costs	158
Sublease income	—
Net lease cost	$	2,337

Operating lease liability maturity

Future minimum lease payments as of March 31, 2020, are as follows:

(In thousands)	Operating
Year Ended December 31,	Leases
2020 (excluding the three months ended March 31, 2020)	$	5,131
2021	7,066
2022	6,328
2023	6,374
2024	6,432
Thereafter	266,852
Total lease payments	298,183
Less: imputed interest	(228,203		)
Present value of lease liabilities	$	69,980

Schedule of minimum rent payments

The minimum rentals based on operating leases of the consolidated properties held as of March 31, 2020, are as follows:

	Three Months Ended
(In thousands)	March 31, 2020
Total minimum rent payments	$	59,099

Total future minimum rents associated with operating leases are as follows:

	Total
	Minimum
Year Ending December 31,	Rent
(In thousands)
2020 (excluding the three months ended March 31, 2020)	$	165,577
2021	233,538
2022	247,698
2023	237,217
2024	227,821
Thereafter	1,439,849
Total	$	2,551,700