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Leases - (Tables)

6 Months Ended

Jun. 30, 2019

The table below presents the lease-related assets and liabilities recorded on the balance sheet:



(In thousands)	Classification in the Condensed Consolidated Balance Sheet	June 30, 2019
Operating lease right-of-use assets	Miscellaneous assets	$	36,810
Current operating lease liabilities	Accrued expenses and other	$	7,088
Noncurrent operating lease liabilities	Other	35,771
Total operating lease liabilities		$	42,859

Operating Lease Costs

The total lease cost for operating leases included in Selling, general and administrative costs in our Condensed Consolidated Statement of Operations was as follows:



	For the Quarter Ended		For the Six Months Ended
(In thousands)	June 30, 2019
Operating lease cost	$	2,308	$	4,547
Short term and variable lease cost	552		1,012
Total lease cost	$	2,860	$	5,559

The table below presents additional information regarding operating leases:



(In thousands, except lease term and discount rate)	June 30, 2019
Cash paid for amounts included in the measurement of operating lease liabilities	$	4,474
Right-of-use assets obtained in exchange for operating lease liabilities⁽¹⁾	$	40,524
Weighted-average remaining lease term	7.1 years
Weighted-average discount rate	5.29		%

⁽¹⁾ Amounts for the six months ended June 30, 2019, include the transition adjustment resulting from the adoption of ASU 2016-02 as discussed in Note 2.

Operating Lease Liability Maturity

Maturities of lease liabilities on an annual basis for the Company's operating leases as of June 30, 2019, were as follows:



(In thousands)	Amount
2019 (6 months ending December 29, 2019)	$	4,390
2020	8,220
2021	7,136
2022	6,698
2023	6,146
Later Years	19,131
Total lease payments	$	51,721
Less: Interest	(8,862		)
Present value of lease liabilities	$	42,859

Cash Flows To Be Received

The building rental revenue was as follows:



	For the Quarter Ended		For the Six Months Ended
(In thousands)	June 30, 2019
Building rental revenue ⁽¹⁾	$	7,436	$	15,075

⁽¹⁾ Building rental revenue includes approximately $2.9 million and $5.8 million of sublease income for the quarter and six months ended June 30, 2019, respectively.

Maturities of lease payments to be received on an annual basis for the Company's office space operating leases as of June 30, 2019, were as follows:



(In thousands)	Amount
2019 (6 months ending December 29, 2019)	$	15,123
2020	32,214
2021	32,231
2022	32,226
2023	19,301
Later Years	142,057
Total building rental revenue from operating leases	$	273,152