Leasing Arrangements

9 Months Ended

Sep. 30, 2021

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 2028. Certain leases contain annual rent escalation clauses.

Rent expense totaled $2.7 million and $3.4 million for the three months ended September 30, 2021 and 2020, respectively. Rent expense totaled $8.5 million and $11.0 million for the nine months ended September 30, 2021 and 2020, respectively.

For periods subsequent to September 30, 2021, 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):

September 30,	Capital Leases			Operating Leases
2021 (3 months)	$	1,193		$	2,235
2022		1,582			8,817
2023		813			8,251
2024		-			7,133
2025		-			3,798
Thereafter		-			2,552
Total	$	3,588		$	32,786
Less interest on lease obligations		(258	)
		3,330
Less current portion		(2,590	)
Non-current portion	$	740