Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

v3.19.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2019
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 June 30, 2019 are as follows:
 
 
June 30, 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 June 30, 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
Remainder of 2019
 
$
670

 
$
116

 
$
786

2020
 
1,385

 
286

 
1,671

2021
 
1,410

 
387

 
1,797

2022
 
1,425

 
381

 
1,806

2023
 
1,431

 
346

 
1,777

2024 through 2092
 
36,728

 
1,043

 
37,771

Total lease payments
 
$
43,049

 
$
2,559

 
$
45,608

Less imputed interest
 
(21,091
)
 
(365
)
 
(21,456
)
Total
 
$
21,958

 
$
2,194

 
$
24,152


Schedule of Future Minimum Lease Payments Under Operating Leases at Prior Year
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
Remainder of 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