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Leases | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Leases | 13. 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 less than 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 made a policy election to exclude leases with a lease term less than 12 month from being recorded on the balance sheet. We adopted the practical expedient related to the combining of lease and non-lease components, which allows us to account for the lease and non-lease components as a single lease component. We do not currently have any finance leases, all lease information disclosed is related to operating leases. The components of balance sheet information related to leases were as follows:
| December 31,
| 2020 |  | 2019
Assets |  |  |  |  |
Operating lease assets | $ | 123,448 |  | $ | 111,652
Liabilities |  |  |  |  |
Current operating leases |  | 36,200 |  |  | 39,280
Noncurrent operating leases |  | 99,210 |  |  | 86,656
Total operating lease liabilities | $ | 135,410 |  | $ | 125,936
The components of lease expense were as follows:
| December 31,
| 2020 |  | 2019
Lease Expense (a) |  |  |  |  |
Operating lease expense | $ | 60,195 |  | $ | 49,112
Sublease income |  | (83) |  |  | (6)
Net lease expense | $ | 60,112 |  | $ | 49,106
(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:
| December 31,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from leases | $ | 49,932 |  | $ | 41,525
Leased assets obtained in exchange for new operating lease liabilities | $ | 58,802 |  | $ | 150,356
Weighted Average Remaining Lease Term |  |  |  |
Operating leases |  | 4.98 |  | years
Weighted Average Discount Rate |  |  |  |
Operating leases |  | 2.87 | % |
Maturity of Operating Lease Liabilities (in thousands) |  |
2021 | $ | 43,437
2022 |  | 31,059
2023 |  | 24,174
2024 |  | 18,243
2025 |  | 12,175
Thereafter |  | 18,614
Total lease payments | $ | 147,702
Less: interest |  | (10,356)
Less: lease obligations signed but not yet commenced |  | (1,936)
Total liability recognized on the balance sheet | $ | 135,410
For leases commencing prior to 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 $1.9 million lease payments for leases signed but not yet commenced.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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