Sale-Leasebacks of Real Estate (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of outstanding sale-leaseback financing obligations

The Company’s outstanding sale-leaseback financing obligations of real estate-related long-lived assets as of December 31, 2019 and 2018 are as follows:

	Maturity	Interest Rate as of December 31, 2019	2019		2018
			(In thousands)
1 warehouse – 2010	7/2030	10.34%	$	18,994	$	19,265
11 warehouses – 2007	9/2027	7.00%-19.59%	96,765		99,655
Total sale-leaseback financing obligations			$	115,759	$	118,920

As of December 31, 2019, future minimum lease payments, inclusive of certain obligations to be settled with the residual value of related long-lived assets upon expiration of the lease agreement, of the sale-leaseback financing obligations are as follows:

Years Ending December 31:	(In thousands)
2020	$	17,087
2021	17,351
2022	17,619
2023	17,892
2024	18,170
Thereafter	115,090
Total minimum payments	203,209
Interest portion	(87,450		)
Present value of net minimum payments	$	115,759