XML 59 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Current minimum annual payments under the leases
Current annual payments under the operating leases are as follows, as of December 31, 2021 (in thousands): 
Year Ending December 31,
2022$3,232 
20233,328 
20243,428 
20253,531 
20263,584 
Thereafter16,126 
Total lease payments$33,229 
Imputed interest(5,312)
Present value of lease liability$27,917 
Lease costs under operating leases and supplemental cash flow information of leases
Lease costs under the operating leases are as follows (in thousands):    
Year Ended December 31,
20212020
Operating lease cost$3,926 $3,902 
Sublease income(3,634)(4,297)
Total lease (income) cost$292 $(395)
Weighted-average remaining lease term - operating leases (in years)9.5
Weighted-average discount rate - operating leases3.19 %

Supplemental cash flow information and non-cash activity related to our operating leases are as follow (in thousands):
Year Ended December 31,
20212020
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities$2,791 $3,422 
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations$— $27,321 
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity As of December 31, 2021, minimum future rentals from noncancelable operating leases before any reserve for uncollectible amounts and assuming no early lease terminations, at our office and retail properties and the retail portion of our mixed-use property are as follows for the years ended December 31 (in thousands):
2022$235,625 
2023221,814 
2024190,860 
2025167,588 
2026152,488 
Thereafter370,926 
Total$1,339,301