Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Note 5 — Leases

We charter vessels and lease facilities and equipment under non-cancelable contracts that expire on various dates through 2031. We also sublease some of our facilities under non-cancelable sublease agreements.

The following table details the components of our lease cost (in thousands):

	Three Months Ended March 31,
	2020			2019
Operating lease cost	$	16,323		$	18,133
Variable lease cost	3,212			3,075
Short-term lease cost	7,174			4,158
Sublease income	(279		)	(353		)
Net lease cost	$	26,430		$	25,013

Maturities of our operating lease liabilities as of March 31, 2020 are as follows (in thousands):

	Vessels			Facilities and Equipment			Total
Remainder of 2020	$	44,316		$	4,619		$	48,935
2021	54,184			5,630			59,814
2022	52,106			5,109			57,215
2023	34,580			4,565			39,145
2024	2,470			4,299			6,769
Thereafter	—			5,954			5,954
Total lease payments	$	187,656		$	30,176		$	217,832
Less: imputed interest	(21,611		)	(5,747		)	(27,358		)
Total operating lease liabilities	$	166,045		$	24,429		$	190,474
Current operating lease liabilities	$	48,296		$	4,767		$	53,063
Non-current operating lease liabilities	117,749			19,662			137,411
Total operating lease liabilities	$	166,045		$	24,429		$	190,474

Maturities of our operating lease liabilities as of December 31, 2019 are as follows (in thousands):

	Vessels			Facilities and Equipment			Total
2020	$	60,210		$	6,610		$	66,820
2021	54,564			5,888			60,452
2022	52,106			5,257			57,363
2023	34,580			4,622			39,202
2024	2,470			4,349			6,819
Thereafter	—			6,251			6,251
Total lease payments	$	203,930		$	32,977		$	236,907
Less: imputed interest	(24,846		)	(6,449		)	(31,295		)
Total operating lease liabilities	$	179,084		$	26,528		$	205,612
Current operating lease liabilities	$	48,716		$	5,069		$	53,785
Non-current operating lease liabilities	130,368			21,459			151,827
Total operating lease liabilities	$	179,084		$	26,528		$	205,612

The following table presents the weighted average remaining lease term and discount rate:

	March 31, 2020		December 31, 2019
Weighted average remaining lease term	3.7 years		4.0 years
Weighted average discount rate	7.53	%	7.54	%

The following table presents other information related to our operating leases (in thousands):

	Three Months Ended March 31,
	2020		2019
Cash paid for operating lease liabilities	$	16,472	$	17,148
ROU assets obtained in exchange for new operating lease obligations	—		89