Leasing Arrangements

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leasing Arrangements

Note 6 – Leasing arrangements

The Company leases office space and certain equipment under operating and capital lease agreements, expiring in various years through 2027. Certain leases contain annual rent escalation clauses.

Rent expense totaled $14.7 million and $13.0 million for the years ended December 31, 2019 and 2018, respectively.

The amortization expense recorded for capital leases totaled $0.7 million and $0.4 million, respectively, for the years ended December 31, 2019 and 2018.

For years subsequent to December 31, 2019, future minimum payments for all operating and capital lease obligations that have initial non-cancelable lease terms exceeding one year, net of rental income from subleases are as follows (in thousands):

December 31,	Capital Leases			Operating Leases
2020	$	1,586		$	12,057
2021		1,586			6,970
2022		1,346			5,709
2023		722			5,290
2024		—			5,000
Thereafter		—			4,416
Total	$	5,240		$	39,442
Less: interest on lease obligations		(726	)
Net amount		4,514
Less: current portion		(1,587	)
Non-current	$	2,927