Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

v3.20.4
LEASES (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020 are as follows:
December 31, 2020
Weighted-average remaining lease term
Real estate leasehold interests 28 years
Office leases 6 years
Weighted-average remaining discount rate
Real estate leasehold interests 4.9  %
Office leases 3.8  %
Schedule of future minimum lease payments under operating leases
As of December 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
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 1,521  456  1,977 
2026 through 2092 35,206  624  35,830 
Total lease payments $ 42,564  $ 2,896  $ 45,460 
Less imputed interest (20,374) (330) (20,704)
Total $ 22,190  $ 2,566  $ 24,756 

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