Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Summary of leased assets and liabilities

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

thousands	March 31, 2022		December 31, 2021
Assets
Operating lease right-of-use assets, net	$	56,175	$	57,022
Liabilities
Operating lease obligations	69,157		69,363

Components of lease expense and other information

The components of lease expense are as follows:

	Three Months Ended March 31,
thousands	2022		2021
Operating lease cost	$	2,069	$	2,181
Variable lease costs	374		114
Net lease cost	$	2,443	$	2,295

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	2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows on operating leases	$	1,741	$	1,807

Other Information	March 31, 2022		March 31, 2021
Weighted-average remaining lease term (years)
Operating leases	38.8		37.2
Weighted-average discount rate
Operating leases	7.7	%	7.8	%

Schedule of future minimum lease payments

Future minimum lease payments as of March 31, 2022, are as follows:

thousands	Operating Leases
Remainder of 2022	$	4,788
2023	6,348
2024	6,315
2025	4,925
2026	4,694
Thereafter	275,230
Total lease payments	302,300
Less: imputed interest	(233,143)
Present value of lease liabilities	$	69,157

Schedule of minimum rentals

The minimum rentals based on operating leases of the consolidated properties held as of March 31, 2022, are as follows:

	Three Months Ended March 31,
thousands	2022		2021
Total minimum rent payments	$	57,429	$	53,342

Total future minimum rents associated with operating leases are as follows as of March 31, 2022:

thousands	Total Minimum Rent
Remainder of 2022	$	226,561
2023	217,506
2024	208,275
2025	179,738
2026	158,531
Thereafter	675,771
Total	$	1,666,382