Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.1
LEASES (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of weighted-average remaining lease terms and weighted-average discount rates
The weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases as of March 31, 2020 are as follows:
March 31, 2020
Weighted-average remaining lease term
Real estate leasehold interests 28 years
Office leases 7 years
Weighted-average remaining discount rate
Real estate leasehold interests 4.9  %
Office leases 3.8  %
Schedule of future minimum lease payments
As of March 31, 2020, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):
Year Ending December 31, Real Estate Leasehold Interests Office Leases Total
Remainder of 2020 $ 1,071    $ 291    $ 1,362   
2021 1,444    471    1,915   
2022 1,459    465    1,924   
2023 1,464    430    1,894   
2024 1,470    450    1,920   
2025 through 2092 36,728    1,080    37,808   
Total lease payments $ 43,636    $ 3,187    $ 46,823   
Less imputed interest (21,173)   (407)   (21,580)  
Total $ 22,463    $ 2,780    $ 25,243   
As of December 31, 2019, the future minimum lease payments under the Company's operating leases, for which the Company is a lessee, are as follows (in thousands):
Year Ending December 31, Real Estate Leasehold Interests Office Leases Total
2020 $ 1,419    $ 286    $ 1,705   
2021 1,444    387    1,831   
2022 1,459    381    1,840   
2023 1,464    346    1,810   
2024 1,470    353    1,823   
2025 through 2092 36,728    691    37,419   
Total lease payments $ 43,984    $ 2,444    $ 46,428   
Less imputed interest (21,440)   (323)   (21,763)  
Total $ 22,544    $ 2,121    $ 24,665