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Leases (Tables)
6 Months Ended
Jun. 30, 2019
Leases [Abstract]  
Schedule of Lease Cost

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2019

 

 

2018

 

2019

 

 

2018

Lease Cost

 

 

 

 

(Not applicable)

 

 

 

 

 

(Not applicable)

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

   Amortization of right-of-use assets

$

542

 

 

 

 

$

1,038

 

 

 

   Interest on lease liabilities

 

934

 

 

 

 

 

1,777

 

 

 

   Subtotal

 

1,476

 

 

 

 

 

2,815

 

 

 

Operating lease cost

 

1,107

 

 

 

 

 

1,643

 

 

 

Variable lease cost

 

25

 

 

 

 

 

57

 

 

 

Total lease cost

$

2,608

 

 

 

 

$

4,515

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Information

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term - finance leases (years)

 

 

 

 

 

 

 

45.4

 

 

 

Weighted-average remaining lease term - operating leases (years)

 

 

 

 

 

 

 

33.8

 

 

 

Weighted-average discount rate - finance leases

 

 

 

 

 

 

 

4.5

%

 

 

Weighted-average discount rate - operating leases

 

 

 

 

 

 

 

5.8

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Future Minimum Rental Revenues and Payments for Operating and Capital Leases

The scheduled future minimum (i) rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) and (ii) rental payments under the terms of all non-cancelable operating and finance leases in which the Company is the lessee, principally for office space, land and equipment, as of June 30, 2019, are summarized as follows (in thousands):

 

Year Ending December 31,

 

Minimum Rental

Revenues

 

 

Minimum Rental

Payments (a, b)

 

2019 (Remainder)

 

$

94,448

 

 

$

3,606

 

2020

 

 

193,637

 

 

 

7,139

 

2021

 

 

176,109

 

 

 

7,073

 

2022

 

 

156,178

 

 

 

7,082

 

2023

 

 

137,655

 

 

 

7,075

 

Thereafter

 

 

598,691

 

 

 

334,761

 

Total

 

$

1,356,718

 

 

$

366,736