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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
LEASES |
Lease Balance Sheet Disclosure | Leases recorded on the balance sheet consist of the following:
(In Thousands) |  |  |  |  |
Leases |  | Balance Sheet Classification |  | December 31, 2019
Assets |  |  |  |  |
Operating lease assets |  | Operating Lease Right-of-Use Assets, Net |  | $ | 19,171
Finance lease assets |  | Property and Equipment, Net(1) |  |  | 5,037
Total lease assets |  |  |  | $ | 24,208
Liabilities |  |  |  |  |
Current |  |  |  |  |
Operating |  | Current Portion of Operating Lease Obligations |  | $ | 2,707
Finance |  | Current Portion of Finance Lease Obligation |  |  | 448
Noncurrent |  |  |  |  |
Operating |  | Operating Lease Obligations, Net of Current Portion |  |  | 16,706
Finance |  | Finance Lease Obligation, Net of Current Portion |  |  | 3,829
Total lease liabilities |  |  |  | $ | 23,690
Finance lease assets are recorded net of accumulated amortization of $2.7 million as of December 31, 2019.
Components of Lease Expense, Lease Term and Discount Rate and Cash Flow Information |
(In Thousands) |  |  |  |  |
|  |  |  | Year Ended
Lease Costs |  | Statement of Operations Classification |  | December 31, 2019
Operating leases: |  |  |  |  |
Fixed/base rent |  | Selling, General and Administrative Expenses |  | $ | 3,920
Variable payments |  | Selling, General and Administrative Expenses |  |  | 788
Finance lease: |  |  |  |  |
Amortization of leased assets |  | Depreciation and Amortization |  |  | 158
Interest on lease liabilities |  | Interest Expense, Net |  |  | 206
Total lease costs |  |  |  | $ | 5,072
Other information related to lease term and discount rate is as follows:
Lease Term and Discount Rate |  | December 31, 2019
Weighted-average remaining lease term |  |  |
Operating leases |  | 20.2 | years
Finance lease |  | 7.8 | years
Weighted-average discount rate |  |  |
Operating leases(1) |  | 9.40 | %
Finance lease |  | 4.50 | %
| (1) |  | Upon adoption of the new lease standard, discount rates used for existing operating leases were established on January 1, 2019.
Supplemental cash flow information related to leases is as follows:
(In Thousands) |  |  |
|  | Year Ended
Cash paid for amounts included in the measurement of lease liabilities: |  | December 31, 2019
Operating cash flows for operating leases |  | $ | 3,933
Operating cash flows for finance lease |  | $ | 206
Financing cash flows for finance lease |  | $ | 544
Operating Lease, Liability, Maturity |
(In Thousands) |  |  |  |  |  |
|  | Operating |  | Financing
Year Ending December 31, |  | Leases(1) |  | Lease(2)
2020 |  | $ | 4,815 |  | $ | 616
2021 |  |  | 4,684 |  |  | 652
2022 |  |  | 4,468 |  |  | 652
2023 |  |  | 2,876 |  |  | 652
2024 |  |  | 1,135 |  |  | 652
Thereafter |  |  | 31,018 |  |  | 1,847
Total future minimum lease payments |  |  | 48,996 |  |  | 5,071
Less: Amount representing interest |  |  | (28,186) |  |  | (794)
Present value of lease liabilities |  |  | 20,810 |  |  | 4,277
Less: Current lease obligations |  |  | (2,707) |  |  | (448)
Long-term lease obligations |  | $ | 18,103 |  | $ | 3,829
| (1) |  | As of December 31, 2019, the Company has an operating lease that has not yet commenced for which the present value of lease payments over the lease term totals $1.4 million. Accordingly, this lease is not recorded on the Consolidated Balance Sheet at December 31, 2019. This operating lease will commence in 2020 with a term of 3.5 years.
| (2) |  | The Company’s only material finance lease is at Rising Star Casino Resort for a 104-room hotel.
Finance Lease, Liability, Maturity | Maturities of lease liabilities are summarized as follows:
(In Thousands) |  |  |  |  |  |
|  | Operating |  | Financing
Year Ending December 31, |  | Leases(1) |  | Lease(2)
2020 |  | $ | 4,815 |  | $ | 616
2021 |  |  | 4,684 |  |  | 652
2022 |  |  | 4,468 |  |  | 652
2023 |  |  | 2,876 |  |  | 652
2024 |  |  | 1,135 |  |  | 652
Thereafter |  |  | 31,018 |  |  | 1,847
Total future minimum lease payments |  |  | 48,996 |  |  | 5,071
Less: Amount representing interest |  |  | (28,186) |  |  | (794)
Present value of lease liabilities |  |  | 20,810 |  |  | 4,277
Less: Current lease obligations |  |  | (2,707) |  |  | (448)
Long-term lease obligations |  | $ | 18,103 |  | $ | 3,829
| (1) |  | As of December 31, 2019, the Company has an operating lease that has not yet commenced for which the present value of lease payments over the lease term totals $1.4 million. Accordingly, this lease is not recorded on the Consolidated Balance Sheet at December 31, 2019. This operating lease will commence in 2020 with a term of 3.5 years.
| (2) |  | The Company’s only material finance lease is at Rising Star Casino Resort for a 104-room hotel.

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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=77888426&loc=SL77918686-209980 + Details
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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=77888426&loc=SL77918701-209980 + Details
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