Leases

Lease assets and liabilities recorded on our Statement of Financial Position were as follows:



(in thousands)	March 31, 2019
Operating lease assets	$	28,611

Operating lease liabilities - current	$	12,466
Operating lease liabilities - long-term	16,589
Total operating lease liabilities	$	29,055

We currently have leases for real estate, technology equipment, copiers, and vehicles. Our largest operating lease asset at March 31, 2019 of $16.2 million is for office space leased from the Exchange, including the home office. Under this lease, rent is based on rental rates of like property and all operating expenses are the responsibility of the tenant (Indemnity). The lease agreement expires December 31, 2021.

Operating lease costs for the three months ended March 31, 2019 were $3.6 million. Of this amount, the Exchange and its subsidiaries reimbursed us $1.5 million, which represents the allocated share of lease costs supporting administrative services activities.