Leases

Leases - Adoption of ASC 842 “Leases”

We have operating lease arrangements for corporate offices, cellular towers, storage units and small building space. The building space is used to house infrastructure, such as transmitters, antennae and other various equipment, for the Company’s wireless paging services. For leases with a term of 12 months or less, renewal terms are generally of an evergreen nature (either month-to-month or year-to-year). For leases with a term greater than 12 months, renewal terms are generally explicit and provide for one to five optional renewals consistent with the initial term. Many of our leases, with the exception of those for our corporate offices, include options to terminate the lease within one year. Variable lease payments, residual value guarantees or purchase options are not generally present in these leases.

Lease costs are included in technology operations and general and administrative expenses on the Condensed Consolidated Statement of Operations. The following table presents lease costs disaggregated by type:



	For the Three months ended March 31,
(Dollars in thousands)	2019
Operating lease cost	$	1,381
Short-term lease cost	1,935
Short-term lease cost - related party ⁽¹⁾	902
Total lease	$	4,218

Supplemental Disclosure:
Cash paid for amounts included in the measurement of lease liabilities - operating leases	$	1,362
Weighted-average remaining lease term - operating leases	6.01 years
Weighted-average discount rate - operating leases	5.5		%

⁽¹⁾A member of our Board of Directors also serves as a director for an entity that leases transmission tower sites to the Company. Refer to Note 13, "Related Parties" for additional details.

Maturities of lease liabilities as of March 31, 2019 were as follows:



For the Year Ended December 31,	(Dollars in thousands)
For the remaining nine months ending December 31, 2019	$	4,075
2020	4,624
2021	3,588
2022	2,089
2023	1,440
Thereafter	4,625
Total future lease payments	20,441
Imputed interest	(2,951		)
Total	17,490