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Leases | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Leases | 8. Leases Chemed and each of its operating subsidiaries are service companies. As such, real estate leases comprise the largest lease obligation (and conversely, right of use asset) in our lease portfolio. VITAS has leased office space, as well as space for IPUs and/or contract beds within hospitals. Roto-Rooter has leased office space. Our leases have remaining terms of under 1 year to 10 years, some of which include options to extend the lease for up to 5 years, and some of which include options to terminate the lease within 1 year. We do not currently have any finance leases, therefore all lease information disclosed is related to operating leases. The components of balance sheet information related to leases were as follows:
| ‎June 30, |  | ‎December 31,
| 2020 |  | 2019
Assets |  |  |  |  |
Operating lease assets | $ | 128,418 |  | $ | 111,652
Liabilities |  |  |  |  |
Current operating leases |  | 36,093 |  |  | 39,280
Noncurrent operating leases |  | 104,444 |  |  | 86,656
Total operating lease liabilities | $ | 140,537 |  | $ | 125,936
The components of lease expense for the second quarter is as follows (in thousands):
| Three months ended June 30,
| 2020 |  | 2019
Lease Expense (a) |  |  |  |  |
Operating lease expense | $ | 15,103 |  | $ | 11,573
Sublease income |  | (7) |  |  | -
Net lease expense | $ | 15,096 |  | $ | 11,573
The components of lease expense for the first six months is as follows (in thousands):
| Six months ended June 30,
| 2020 |  | 2019
Lease Expense (a) |  |  |  |  |
Operating lease expense | $ | 29,731 |  | $ | 23,098
Sublease income |  | (7) |  |  | (6)
Net lease expense | $ | 29,724 |  | $ | 23,092
(a)Includes short-term leases and variable lease costs, which are immaterial. Included in both cost of services provided and goods sold and selling, general and administrative expenses. The components of cash flow information related to leases were as follows:
| Six months ended ‎June 30,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from leases | $ | 24,967 |  | $ | 20,201
Leased assets obtained in exchange for new operating lease liabilities | $ | 40,133 |  | $ | 15,944
Weighted Average Remaining Lease Term at June 30, 2020 |  |  |
Operating leases |  | 5.1 | years
Weighted Average Discount Rate at June 30, 2020 |  |  |
Operating leases |  | 3.1 | %
Maturity of Operating Lease Liabilities (in thousands) |  |
2020 | $ | 23,512
2021 |  | 37,394
2022 |  | 28,283
2023 |  | 21,331
2024 |  | 15,508
Thereafter |  | 26,475
Total lease payments | $ | 152,503
Less: interest |  | (11,675)
Less: future lease obligations not yet commenced |  | (291)
Total liability recognized on the balance sheet | $ | 140,537
For leases commencing prior to April 2019, minimum rental payments exclude payments to landlords for real estate taxes and common area maintenance. Operating lease payments include $2.3 million related to extended lease terms that are reasonably certain of being exercised and exclude $291,000 lease payments for leases signed but not yet commenced.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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