Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.19.3.a.u2
LEASES (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of weighted-average remaining lease terms and discount rates
The weighted-average remaining lease term and the weighted-average discount rate for the Company's operating leases as of December 31, 2019 are as follows:
December 31, 2019
Weighted-average remaining lease term
Real estate leasehold interests 29 years
Office leases 7 years
Weighted-average remaining discount rate
Real estate leasehold interests 4.9  %
Office leases 4.1  %
Schedule of future minimum lease payments under operating leases
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   
Schedule of future minimum lease payments under operating leases at prior year end
As of December 31, 2018, 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
2019 $ 1,334    $ 345    $ 1,679   
2020 1,379    398    1,777   
2021 1,404    387    1,791   
2022 1,419    381    1,800   
2023 1,424    346    1,770   
2024 through 2092 36,074    1,073    37,147   
Total lease payments $ 43,034    $ 2,930    $ 45,964