Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Summary of leased assets and liabilities

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

thousands	March 31, 2021		December 31, 2020
Assets
Operating lease right-of-use assets, net	$	55,412	$	56,255
Liabilities
Operating lease obligations	68,460		68,929

Components of lease expense and other information

The components of lease expense are as follows:

	Three Months Ended March 31,
thousands	2021		2020
Operating lease cost	$	2,181	$	2,179
Variable lease costs	114		158
Net lease cost	$	2,295	$	2,337

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

Supplemental Condensed Consolidated Statements of Cash Flows Information	Three Months Ended March 31,
thousands	2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows on operating leases	$	1,807	$	1,796

Other Information	March 31, 2021		March 31, 2020
Weighted-average remaining lease term (years)
Operating leases	37.2		37.1
Weighted-average discount rate
Operating leases	7.8	%	7.8	%

Schedule of future minimum lease payments

Future minimum lease payments as of March 31, 2021, are as follows:

thousands	Operating Leases
Remainder of 2021	$	5,055
2022	6,507
2023	6,464
2024	6,432
2025	5,047
Thereafter	261,806
Total lease payments	291,311
Less: imputed interest	(222,851)
Present value of lease liabilities	$	68,460

Schedule of minimum rentals

The minimum rentals based on operating leases of the consolidated properties held as of March 31, 2021, are as follows:

	Three Months Ended March 31,
thousands	2021		2020
Total minimum rent payments	$	53,342	$	59,099

Total future minimum rents associated with operating leases are as follows as of March 31, 2021:

thousands	Total Minimum Rent
Remainder of 2021	$	168,234
2022	221,619
2023	200,619
2024	188,806
2025	160,742
Thereafter	779,593
Total	$	1,719,613