Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Amounts Reported in Unaudited and Audited Condensed Consolidated Balance Sheets for Operating Leases

Amounts reported in the Company’s Unaudited Condensed Consolidated Balance Sheets as of September 30, 2020 and Audited Consolidated Balance Sheets as of December 31, 2019 for our operating leases were as follows:

	September 30, 2020		December 31, 2019
	(Amounts in Thousands)
Operating lease assets, net	$	35,842	$	21,111
Short-term operating lease liabilities (in accrued expenses)		8,057		7,234
Long-term operating lease liabilities		33,977		14,301
Total operating lease liabilities	$	42,034	$	21,535

Components of Lease Cost Reported in General and Administrative Expenses in Unaudited Condensed Consolidated Statements of Income

Components of lease cost were reported in general and administrative expenses in the Company’s Unaudited Condensed Consolidated Statements of Income as follows:

	For the Three Months Ended September 30, (Amounts in Thousands)				For the Nine Months Ended September 30, (Amounts in Thousands)
	2020		2019		2020		2019
Operating lease costs	$	2,285	$	1,897	$	6,524	$	5,101
Short-term lease costs		147		222		575		382
Total lease cost	$	2,432	$	2,119	$	7,099	$	5,483

Schedule of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates were as follows:

	September 30, 2020			December 31, 2019
Operating leases:
Weighted average remaining lease term		7.24			3.42
Weighted average discount rate		4.33	%		5.14	%

Summary of Remaining Operating Lease Payments

A summary of our remaining operating lease payments as of September 30, 2020 were as follows:

	Operating Leases
	(Amounts in Thousands)
Due in the 12-month period ended September 30,
2021	$	9,176
2022		8,704
2023		6,366
2024		4,704
2025		3,549
Thereafter		16,783
Total future minimum rental commitments		49,282
Less: Imputed interest		(7,248	)
Total lease liabilities	$	42,034

Supplemental Cash Flows Information

	For the Nine Months Ended September 30, (Amounts in Thousands)
	2020		2019
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	6,472	$	5,393
Right-of-use assets, net obtained in exchange for lease obligations:
Operating leases		21,399		5,536