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Leases
9 Months Ended
Sep. 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 September 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 were $0.3 million, for both periods.
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 September 30,
20202019
Operating lease cost
$1,784 $1,489 
Finance lease cost
Amortization of lease expense
26 26 
Interest on lease liabilities
Sublease income
(206)(103)
Total finance lease cost, net
$1,607 $1,416 
Nine Months Ended September 30,
20202019
Operating lease cost
$5,172 $3,832 
Finance lease cost
Amortization of lease expense
78 76 
Interest on lease liabilities
11 13 
Sublease income
(567)(309)
Total finance lease cost, net
$4,694 $3,612 
Other information related to leases was as follows (in thousands):
Three Months Ended September 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$1,489 $1,677 
Operating cash flows from finance leases
$$
Financing cash flows from finance leases
$26 $26 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
$— $— 
Nine Months Ended September 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$4,369 $3,950 
Operating cash flows from finance leases
$11 $13 
Financing cash flows from finance leases
$78 $76 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
$7,652 $15,417 
Nine Months Ended September 30,
20202019
Weighted Average Remaining Lease Term
Operating leases
6.93 years6.80 years
Finance leases
3.92 years4.92 years
Weighted Average Discount Rate
Operating leases
6.10 %6.12 %
Finance leases
3.00 %3.00 %
Future minimum lease payments under non-cancellable leases as of September 30, 2020 is as follows (in thousands):
September 30, 2020
Operating Leases
Finance Leases
2020 (excluding the nine months ended September 30, 2020)$1,173 $30 
20214,297 119 
20223,529 119 
20233,303 119 
20242,940 79 
Thereafter
9,459 — 
Total future minimum lease payments
24,701 466 
Less: imputed interest
4,795 27 
Total lease liabilities
19,906 439 
Less: current portion
3,290 102 
Long-term lease liabilities
$16,616 $337 
As of September 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 September 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 were $0.3 million, for both periods.
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 September 30,
20202019
Operating lease cost
$1,784 $1,489 
Finance lease cost
Amortization of lease expense
26 26 
Interest on lease liabilities
Sublease income
(206)(103)
Total finance lease cost, net
$1,607 $1,416 
Nine Months Ended September 30,
20202019
Operating lease cost
$5,172 $3,832 
Finance lease cost
Amortization of lease expense
78 76 
Interest on lease liabilities
11 13 
Sublease income
(567)(309)
Total finance lease cost, net
$4,694 $3,612 
Other information related to leases was as follows (in thousands):
Three Months Ended September 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$1,489 $1,677 
Operating cash flows from finance leases
$$
Financing cash flows from finance leases
$26 $26 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
$— $— 
Nine Months Ended September 30,
20202019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$4,369 $3,950 
Operating cash flows from finance leases
$11 $13 
Financing cash flows from finance leases
$78 $76 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases
$7,652 $15,417 
Nine Months Ended September 30,
20202019
Weighted Average Remaining Lease Term
Operating leases
6.93 years6.80 years
Finance leases
3.92 years4.92 years
Weighted Average Discount Rate
Operating leases
6.10 %6.12 %
Finance leases
3.00 %3.00 %
Future minimum lease payments under non-cancellable leases as of September 30, 2020 is as follows (in thousands):
September 30, 2020
Operating Leases
Finance Leases
2020 (excluding the nine months ended September 30, 2020)$1,173 $30 
20214,297 119 
20223,529 119 
20233,303 119 
20242,940 79 
Thereafter
9,459 — 
Total future minimum lease payments
24,701 466 
Less: imputed interest
4,795 27 
Total lease liabilities
19,906 439 
Less: current portion
3,290 102 
Long-term lease liabilities
$16,616 $337 
As of September 30, 2020, the Company does not have additional operating and finance leases that have not yet commenced.