Leasing Arrangements

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leasing Arrangements

Note 4 – 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 $3.8 million and $3.6 million for the three months ended March 31, 2020 and 2019, respectively.

For years subsequent to March 31, 2020, 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 (9 months)	$	1,353		$	8,438
2021		1,586			10,307
2022		1,346			8,408
2023		721			7,707
2024		-			6,598
Thereafter		-			13,095
Total	$	5,006		$	54,553
Less interest on lease obligations		(635	)
		4,371
Less current portion		(1,353	)
Non-current portion	$	3,018