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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

The following table reflects the Company's operating, finance and capital lease arrangements as of December 31, 2019 and 2018:



	As of
	December 31, 2019			December 31, 2018
Operating lease ROU assets (a)	$	2,515		$	—
Operating lease ROU accumulated amortization (a)	$	(539	)	$	—
Operating lease liabilities (b)	$	2,169		$	—

Finance lease ROU assets (c)	$	1,641		$	—
Finance lease ROU accumulated amortization (d)	$	(187	)	$	—
Finance lease liabilities (b)	$	1,050		$	—

Capital lease assets (c)	$	—		$	2,097
Capital lease accumulated amortization (d)	$	—		$	(104	)
Capital lease liabilities (b)	$	—		$	1,789


(a)	Recognized as a part of deferred costs and other assets, net, on the consolidated balance sheets.


(b)	Recognized as a part of other liabilities on the consolidated balance sheets.


(c)	Recognized as a part of building and other improvements on the consolidated balance sheets.

(d)

Recognized as a part of accumulated depreciation on the consolidated balance sheets.

Lease, Cost

The following table reflects the Company's total lease cost, weighted-average lease terms and weighted-average discount rates for the year ended December 31, 2019:



	Year ended December 31, 2019
Minimum operating lease payments (a)	$	672
Variable operating lease payments (a)	122
Short-term operating lease payments (a)	313
ROU amortization of finance leases (b)	133
Interest expense of finance leases (c)	60
Total lease cost	$	1,300


Weighted-average remaining lease term of operating leases	4.7 years
Weighted-average remaining lease term of finance leases	2.8 years
Weighted-average discount rate of operating leases	4.44		%
Weighted-average discount rate of finance leases	3.50		%


(a)	Recognized as a part of general and administrative expenses on the consolidated statements of operations and comprehensive income.


(b)	Recognized as a part of depreciation and amortization on the consolidated statements of operations and comprehensive income.

(c)

Recognized as a part of interest expense, net, on the consolidated statements of operations and comprehensive income.

Finance Lease, Liability, Maturity

The following table reflects the Company's future minimum lease obligations as of December 31, 2019:



	Future Minimum Lease Payments
	Operating Leases			Finance Leases
2020	$	586		$	493
2021	469			480
2022	442			279
2023	454			21
2024	469			—
Thereafter	40			—
Total expected minimum lease obligation	2,460			1,273
Less: Amount representing interest (a)	(291		)	(223		)
Present value of net minimum lease payments	$	2,169		$	1,050

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Lessee, Operating Lease, Liability, Maturity

The following table reflects the Company's future minimum lease obligations as of December 31, 2019:



	Future Minimum Lease Payments
	Operating Leases			Finance Leases
2020	$	586		$	493
2021	469			480
2022	442			279
2023	454			21
2024	469			—
Thereafter	40			—
Total expected minimum lease obligation	2,460			1,273
Less: Amount representing interest (a)	(291		)	(223		)
Present value of net minimum lease payments	$	2,169		$	1,050

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Schedule of Minimum Capital Lease Obligations

The following table reflects the Company's future minimum lease obligations as of December 31, 2018:



	Future Minimum Lease Payments
	Operating Leases		Capital Leases
2019	$	717	$	532
2020	611		532
2021	494		519
2022	466		317
2023	479		40
Thereafter	1,041		—
Total expected minimum lease obligation	$	3,808	1,940
Less: Amount representing interest (a)			(151		)
Present value of net minimum lease payments			$	1,789

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Schedule of Minimum Operating Lease Obligations



For the year ending December 31,	As of December 31, 2018
2019	151,874
2020	139,290
2021	124,366
2022	103,204
2023	83,744
Thereafter	282,629
Total	$	885,107

The following table reflects the Company's future minimum lease obligations as of December 31, 2018:



	Future Minimum Lease Payments
	Operating Leases		Capital Leases
2019	$	717	$	532
2020	611		532
2021	494		519
2022	466		317
2023	479		40
Thereafter	1,041		—
Total expected minimum lease obligation	$	3,808	1,940
Less: Amount representing interest (a)			(151		)
Present value of net minimum lease payments			$	1,789

(a)

Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.