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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | 14. 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. The components of balance sheet information related to leases were as follows:
| December 31,
| 2024 |  | 2023
Assets |  |  |  |  |
Operating lease assets | $ | 127,323 |  | $ | 126,387
Liabilities |  |  |  |  |
Current operating leases |  | 42,306 |  |  | 38,635
Noncurrent operating leases |  | 98,538 |  |  | 100,776
Total operating lease liabilities | $ | 140,844 |  | $ | 139,411
The components of lease expense were as follows:
| December 31,
| 2024 |  | 2023 |  | 2022
Lease Expense (a) |  |  |  |  |  |  |  |
Operating lease expense | $ | 64,228 |  | $ | 59,769 |  | $ | 59,530
Sublease income |  | (311) |  |  | (93) |  |  | (181)
Net lease expense | $ | 63,917 |  | $ | 59,676 |  | $ | 59,349
(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,
| 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from leases | $ | 51,762 |  | $ | 49,777
Leased assets obtained in exchange for new operating lease liabilities | $ | 49,883 |  | $ | 37,111
Weighted Average Remaining Lease Term |  |  |  |
Operating leases |  | 4.58 | yrs
Weighted Average Discount Rate |  |  |  |
Operating leases |  | 3.7 | %
Maturity of Operating Lease Liabilities (in thousands) |  |
2025 | $ | 48,956
2026 |  | 37,081
2027 |  | 23,697
2028 |  | 17,057
2029 |  | 11,811
Thereafter |  | 15,684
Total lease payments | $ | 154,286
Less: interest |  | (13,442)
Total liability recognized on the balance sheet | $ | 140,844
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 $3.1 million related to extended lease terms that are reasonably certain of being exercised and exclude $1.1 million of 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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