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Leases | 6 Months Ended
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Jun. 30, 2020
Leases [Abstract] |
Leases | NOTE 14. LEASES We determine if a contract is a lease at inception. We have leases for office space and facilities, automobiles, and certain information technology equipment. All of our leases are classified as operating leases and the majority of which are for office space and facilities. Supplemental balance sheet information related to the Company’s operating leases as of June 30, 2020 and December 31, 2019 was as follows (in thousands):
|  | June 30, 2020 |  | December 31, 2019
Weighted-average remaining lease term |  | 6.7 years |  | 6.9 years
Weighted-average discount rate |  | 3.9% |  | 3.6%
The components of lease expense and other lease information as of and during the three-month period ended June 30, 2020 and 2019 are as follows (in thousands):
|  | June 30, 2020 |  |  | June 30, 2019 |
Operating lease cost |  | $ | 8,855 |  |  | $ | 9,216 |
Cash paid for amounts included in measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 9,539 |  |  | $ | 9,199 |
The components of lease expense and other lease information as of and during the six-month period ended June 30, 2020 and 2019 are as follows (in thousands):
|  | June 30, 2020 |  |  | June 30, 2019 |
Operating lease cost |  | $ | 17,677 |  |  | $ | 18,458 |
Cash paid for amounts included in measurement of lease liabilities |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 18,802 |  |  | $ | 18,459 |
Our leases have remaining lease terms of 1 year to 11 years. These leases generally contain renewal options for periods ranging from two to five years. Because the Company is not reasonably certain to exercise these renewal options, the options are not considered in determining the lease term, and associated potential option payments are excluded from lease payments. A number of leased properties are owned indirectly by and leased from persons employed by the Company, none of whom are members of our senior management. In the aggregate, for the three and six month periods ending June 30, 2020 and 2019, we made lease payments to those related parties of approximately $0.5 million and $0.5 million, respectively, and $1.1 million and $1.2 million, respectively. The following table summarizes the maturity of our operating lease liabilities as of June 30, 2020 (in thousands):
|  | June 30, 2020 |
2020 |  | $ | 16,696 |
2021 |  |  | 32,817 |
2022 |  |  | 26,792 |
2023 |  |  | 25,066 |
2024 |  |  | 22,506 |
Thereafter |  |  | 68,936 |
Total undiscounted lease payments |  |  | 192,813 |
Less: imputed interest |  |  | (29,495 | )
Total lease liabilities |  | $ | 163,318 |
The following table summarizes the maturity of our operating lease commitments as of December 31, 2019 (in thousands):
|  | December 31, 2019 |
2020 |  | $ | 34,775 |
2021 |  |  | 32,371 |
2022 |  |  | 26,112 |
2023 |  |  | 24,273 |
2024 |  |  | 21,578 |
Thereafter |  |  | 67,025 |
Total undiscounted lease payments |  |  | 206,134 |
Less: imputed interest |  |  | (45,086 | )
Total lease liabilities |  | $ | 161,048 |

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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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