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Leases (Tables)
3 Months Ended
Mar. 31, 2021
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,

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2021

 

Lease Cost

 

 

 

 

 

 

 

 

Operating lease cost

 

$

1,248

 

 

$

1,247

 

Other Information

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

1,490

 

 

 

1,290

 

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

 

 

 

 

 

 

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

 

 

9.1

 

 

 

8.6

 

Weighted average discount rate - operating leases

 

 

10.5

%

 

 

9.1

%

Schedule of Annual Minimum Lease Payments of Operating Lease Liabilities

As of March 31, 2021, the annual minimum lease payments of our operating lease liabilities were as follows:

Year ending December 31,

 

 

 

 

Remainder of 2021

 

$

4,019

 

2022

 

 

5,254

 

2023

 

 

4,270

 

2024

 

 

2,855

 

2025

 

 

2,847

 

After 2025

 

 

15,915

 

Total lease payments

 

 

35,160

 

Less imputed interest

 

 

12,352

 

Total recorded lease liabilities

 

$

22,808

 

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, 2021, is as follows:

Year ending December 31,

 

 

 

Remainder of 2021

$

6,097

 

2022

 

1,231

 

2023

 

 

2024

 

 

2025

 

 

After 2025