LEASES (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Assets and liabilities, lessee

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

(In thousands)	June 30, 2020
Assets
Operating lease right-of-use assets	$	68,117
Riverwalk impairment	(10,235		)
Total leased assets	$	57,882
Liabilities
Operating lease liabilities	$	69,607
Total leased liabilities	$	69,607

Lease cost

The components of lease expense are as follows:

(In thousands)	Three Months Ended		Six Months Ended
Lease cost	June 30, 2020		June 30, 2020
Operating lease cost	$	2,179	$	4,358
Variable lease costs	117		290
Net lease cost	$	2,296	$	4,648

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

(In thousands)	Six Months Ended
Supplemental Condensed Consolidated Statements of Cash Flows Information	June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows on operating leases	$	3,849

Other Information	June 30, 2020
Weighted-average remaining lease term (years)
Operating leases	37.0
Weighted-average discount rate
Operating leases	7.8	%

Operating lease liability maturity

Future minimum lease payments as of June 30, 2020, are as follows:

(In thousands)	Operating
Year Ended December 31,	Leases
2020 (excluding the six months ended June 30, 2020)	$	3,056
2021	7,184
2022	6,507
2023	6,464
2024	6,432
Thereafter	266,852
Total lease payments	296,495
Less: imputed interest	(226,888		)
Present value of lease liabilities	$	69,607

Schedule of minimum rent payments

The minimum rentals based on operating leases of the consolidated properties held as of June 30, 2020, are as follows:

	Three Months Ended		Six Months Ended
(In thousands)	June 30, 2020		June 30, 2020
Total minimum rent payments	$	54,114	$	113,213

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

	Total
Year Ending December 31,	Minimum Rent
(In thousands)
2020 (excluding the six months ended June 30, 2020)	$	110,505
2021	234,654
2022	251,870
2023	242,176
2024	234,851
Thereafter	1,511,105
Total	$	2,585,161