Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.20.2
LEASES (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2020 are as follows:
September 30, 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 September 30, 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 $ 357  $ 106  $ 463 
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 $ 42,922  $ 3,002  $ 45,924 
Less imputed interest (20,640) (355) (20,995)
Total $ 22,282  $ 2,647  $ 24,929 
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