Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of balance sheet information related to leases

Lease assets, lease-related assets and lease liabilities are as follows, in thousands of dollars:

		June 30, 2019
		(unaudited)
Assets	Balance Sheet Classification
Operating leases	Lease assets	$	19,639
Tenant receivable	Prepaid expenses and other current assets	9,720
Total lease and lease-related assets		$	29,359
Liabilities
Current
Operating leases	Accrued expenses and other current liabilities	$	3,357
Non-current
Operating leases	Lease liabilities, long term	27,535
Total lease liabilities		$	30,892

Schedule of lease costs

Lease costs for the three and six month periods ended June 30, 2019 are as follows, in thousands of dollars:

	Three Months ended June 30,		Six Months ended June 30,
	2019
	(unaudited)
Operating leases cost
Fixed lease cost	$	987	$	2,019
Variable lease cost	518		983
Total operating leases cost	$	1,505	$	3,002

Schedule of weighted average remaining lease term and discount rate information

Weighted average lease term and discount rate for operating leases as of June 30, 2019 are as follows, unaudited:

Weighted-average remaining lease term (years)	13.35
Weighted-average discount rate	4.36	%

Schedule of maturities of operating lease liabilities

Future minimum lease payments under non-cancellable operating leases as of June 30, 2019 are as follows, in thousands of dollars, unaudited:

Year ending December 31:
2019 (remaining)	$	1,704
2020	3,054
2021	2,687
2022	2,526
2023	2,537
Thereafter	29,371
Total future minimum lease payments	$	41,879
Less: Imputed interest (1)	(10,987		)
Present value of lease liabilities	$	30,892

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⁽¹⁾ Calculated using the interest rate for each lease.

Schedule of future minimum lease payments under non-cancelable operating leases

Future minimum lease payments under non-cancelable operating leases as of December 31, 2018 are as follows, in thousands of dollars:

Year ending December 31:
2019	$	3,400
2020	2,287
Thereafter	1,840
Total	$	7,527