Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

Leases

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

(in thousands)	June 30, 2019
Operating lease assets	$	26,587
Operating lease liabilities - current	$	11,736
Operating lease liabilities - long-term	14,539
Total operating lease liabilities	$	26,275

We currently have leases for real estate, technology equipment, copiers, and vehicles. Our largest operating lease asset at June 30, 2019 of $14.7 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 and six months ended June 30, 2019 were $3.6 million and $7.2 million, respectively. Of this amount, the Exchange and its subsidiaries reimbursed us $1.6 million and $3.1 million for the three and six months ended June 30, 2019, respectively, which represents the allocated share of lease costs supporting administrative services activities.