We determine if a contract is a lease at inception. We have leases for office space and facilities, automobiles, and certain information technology equipment. All of our leases are classified as operating leases and the majority of which are for office space and facilities.

Supplemental balance sheet information related to the Company’s operating leases as of March 31, 2020 and December 31, 2019 was as follows (in thousands):

March 31,

2020

December 31,

2019

Weighted-average remaining lease term

6.7 years

6.9 years

Weighted-average discount rate

3.9%

3.6%

The components of lease cost and other lease information as of and during the three-month period ended March 31, 2020 are as follows (in thousands):

	March 31, 2020		March 31, 2019
Operating lease cost	$	8,822	$	9,242
Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases	$	9,263	$	9,260

Our leases have remaining lease terms of 1 year to 11 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments.

A number of businesses acquired by us are located in properties owned indirectly by and leased from persons employed by the Company, none of whom are members of our senior management. In the aggregate, we made lease payments to those related parties of approximately $0.6 million and $0.6 million for the three months ended March 31, 2020 and 2019, respectively.

Maturities of lease liabilities at March 31, 2020 and December 31, 2019 were as follows (in thousands):

	March 31, 2020
2020	$	25,892
2021		32,878
2022		26,636
2023		24,771
2024		22,175
Thereafter		68,338
Total undiscounted lease payments		200,690
Less: imputed interest		(42,414	)
Total lease liabilities	$	158,276

	December 31, 2019
2020	$	34,775
2021		32,371
2022		26,112
2023		24,273
2024		21,578
Thereafter		67,025
Total undiscounted lease payments		206,134
Less: imputed interest		(45,086	)
Total lease liabilities	$	161,048