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Leases (Tables)
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Schedule of Impact of Operating Leases to Condensed Consolidated Financial Statements

The impact of operating leases to our condensed consolidated financial statements was as follows:

 

 

Three Months Ended

March 31,

 

 

 

2020

 

Lease Cost

 

 

 

 

Operating lease cost

 

$

1,248

 

Other Information

 

 

 

 

Operating cash flows from operating leases

 

 

1,490

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

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

 

 

9.1

 

Weighted average discount rate - operating leases

 

 

10.5

%

Schedule of Annual Minimum Lease Payments of Operating Lease Liabilities

As of March 31, 2020, the annual minimum lease payments of our operating lease liabilities were as follows:

Year ending December 31,

 

 

 

 

Remainder of 2020

 

$

3,549

 

2021

 

 

5,211

 

2022

 

 

5,105

 

2023

 

 

4,123

 

2024

 

 

2,712

 

After 2024

 

 

18,968

 

Total lease payments

 

 

39,668

 

Less imputed interest

 

 

14,407

 

Total recorded lease liabilities

 

$

25,261

 

Schedule of Minimum Fixed Lease Consideration Under Non-cancelable Operating Leases Excluding Variable Lease Consideration

Our outdoor advertising business generates lessor revenue derived from operating leases accounted for under ASC 842, “Leases.” Minimum fixed lease consideration under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease consideration, as of March 31, 2020, is as follows:

Year ending December 31,

 

 

 

Remainder of 2020

$

6,456

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

After 2024