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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases

Schedule of Company's Lease Cost

The Company’s lease cost for the years ended December 31, 2020 and 2019 is as follows (in thousands):

​	​	​	​	​	​
​	2020		​	2019
Operating lease cost	$	12,016	​	$	13,877
Finance lease cost:	​	​	​	​	​
Amortization of right-of-use assets	​	149	​		157
Interest on lease liabilities	​	48	​		63
Net lease cost	$	12,213	​	$	14,097

Summary of Maturities of Operating Lease Liabilities

Future minimum lease payments under non-cancelable leases at December 31, 2020 are as follows (in thousands):

​

​	​	​	​	​	​	​
​		Operating			Finance
​	​	Leases		​	Leases
Year 1	​	$	6,232	​	$	260
Year 2	​		6,011	​		234
Year 3	​		6,039	​		199
Year 4	​		5,844	​		46
Year 5	​		5,956	​		46
Years thereafter	​		568,311	​		567
Total future minimum lease payments	​		598,393	​		1,352
Less amount representing interest	​		(490,824)	​	​	(257)
Total present value of minimum payments	​	$	107,569	​	$	1,095
​	​	​	​	​	​	​

Summary of Maturities of Finance Lease Liabilities

​

​	​	​	​	​	​	​
​		Operating			Finance
​	​	Leases		​	Leases
Year 1	​	$	6,232	​	$	260
Year 2	​		6,011	​		234
Year 3	​		6,039	​		199
Year 4	​		5,844	​		46
Year 5	​		5,956	​		46
Years thereafter	​		568,311	​		567
Total future minimum lease payments	​		598,393	​		1,352
Less amount representing interest	​		(490,824)	​	​	(257)
Total present value of minimum payments	​	$	107,569	​	$	1,095
​	​	​	​	​	​	​

Schedule of Remaining Lease Term and Discount Rate of Leases

​

​	​	​
Weighted-average remaining lease term:	​	​
Operating leases	50.2	years
Finance leases	10.1	years
Weighted-average discount rate:	​	​
Operating leases	6.9	%
Finance leases	4.0	%

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- Definition

Tabular disclosure of remaining lease term and discount rate of leases.

+ References

No definition available.

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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