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Leases
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Leases Leases
The Company has operating and finance leases for corporate offices, doctors’ offices, and certain equipment. These leases have remaining lease terms of 1 month to 5 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within one year. As of June 30, 2020 and December 31, 2019, assets recorded under finance leases were $0.4 million and $0.5 million, respectively, and accumulated depreciation associated with finance leases was $0.3 million, respectively.
Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases.
Leases with an initial term of 12 months or less are not recorded on the balance sheet.
The components of lease expense were as follows (in thousands):
Three Months Ended June 30,
20202019
Operating lease cost
$1,446  $1,240  
Finance lease cost
Amortization of lease expense
$35  $25  
Interest on lease liabilities
  
Sublease income
$(226) $(106) 
Total finance lease cost, net
$1,259  $1,163  
Six Months Ended June 30,
20202019
Operating lease cost
$3,388  $2,343  
Finance lease cost
Amortization of lease expense
$61  $50  
Interest on lease liabilities
  
Sublease income
$(360) $(206) 
Total finance lease cost, net
$3,096  $2,196  
Other information related to leases was as follows (in thousands):
Three Months Ended June 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$1,333  $1,239  
Operating cash flows from finance leases
  
Financing cash flows from finance leases
35  25  
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
2,907  6,441  
Six Months Ended June 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$2,880  $2,273  
Operating cash flows from finance leases
  
Financing cash flows from finance leases
61  50  
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
7,652  15,417  
Six Months Ended June 30,
20202019
Weighted Average Remaining Lease Term
Operating leases
7.06 years6.87 years
Finance leases
4.17 years5.00 years
Weighted Average Discount Rate
Operating leases
6.10 %6.18 %
Finance leases
3.00 %3.00 %
Future minimum lease payments under non-cancellable leases as of June 30, 2020 is as follows (in thousands):
June 30, 2020
Operating Leases
Finance Leases
2020 (excluding the six months ended June 30, 2020)$2,337  $59  
20214,297  119  
20223,529  119  
20233,303  119  
20242,940  79  
Thereafter
9,459  —  
Total future minimum lease payments
25,865  495  
Less: imputed interest
5,097  38  
Total lease liabilities
20,768  457  
Less: current portion
3,350  102  
Long-term lease liabilities
$17,418  $355  
As of June 30, 2020, the Company does not have additional operating and finance leases that have not yet commenced.
Leases Leases
The Company has operating and finance leases for corporate offices, doctors’ offices, and certain equipment. These leases have remaining lease terms of 1 month to 5 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within one year. As of June 30, 2020 and December 31, 2019, assets recorded under finance leases were $0.4 million and $0.5 million, respectively, and accumulated depreciation associated with finance leases was $0.3 million, respectively.
Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases.
Leases with an initial term of 12 months or less are not recorded on the balance sheet.
The components of lease expense were as follows (in thousands):
Three Months Ended June 30,
20202019
Operating lease cost
$1,446  $1,240  
Finance lease cost
Amortization of lease expense
$35  $25  
Interest on lease liabilities
  
Sublease income
$(226) $(106) 
Total finance lease cost, net
$1,259  $1,163  
Six Months Ended June 30,
20202019
Operating lease cost
$3,388  $2,343  
Finance lease cost
Amortization of lease expense
$61  $50  
Interest on lease liabilities
  
Sublease income
$(360) $(206) 
Total finance lease cost, net
$3,096  $2,196  
Other information related to leases was as follows (in thousands):
Three Months Ended June 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$1,333  $1,239  
Operating cash flows from finance leases
  
Financing cash flows from finance leases
35  25  
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
2,907  6,441  
Six Months Ended June 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$2,880  $2,273  
Operating cash flows from finance leases
  
Financing cash flows from finance leases
61  50  
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
7,652  15,417  
Six Months Ended June 30,
20202019
Weighted Average Remaining Lease Term
Operating leases
7.06 years6.87 years
Finance leases
4.17 years5.00 years
Weighted Average Discount Rate
Operating leases
6.10 %6.18 %
Finance leases
3.00 %3.00 %
Future minimum lease payments under non-cancellable leases as of June 30, 2020 is as follows (in thousands):
June 30, 2020
Operating Leases
Finance Leases
2020 (excluding the six months ended June 30, 2020)$2,337  $59  
20214,297  119  
20223,529  119  
20233,303  119  
20242,940  79  
Thereafter
9,459  —  
Total future minimum lease payments
25,865  495  
Less: imputed interest
5,097  38  
Total lease liabilities
20,768  457  
Less: current portion
3,350  102  
Long-term lease liabilities
$17,418  $355  
As of June 30, 2020, the Company does not have additional operating and finance leases that have not yet commenced.