Leases (Tables)

3 Months Ended

Mar. 31, 2019

Right of use Assets and Liabilities [Abstract]

Right of use assets and liabilities [Table Text Block]

At March 31, 2019, we have recorded the following right-of-use assets and lease liabilities (in thousands):

	March 31, 2019
Right of use assets
Financing	$	3,071
Operating	$	91,011
Lease liabilities
Financing	$	3,090
Operating	$	93,110

Lease, Cost [Table Text Block]

During the three months ended March 31, 2019, we have recorded the following (in thousands):

	Three Months Ended March 31, 2019
Finance lease cost:
Amortization of right-of-use assets	$	162
Interest expense on lease liabilities	$	40
Operating lease costs	$	2,237
Variable lease costs	$	590
Cash paid for amounts included in the measurement of lease liabilities:
Financing	$	95
Operating	$	633
Noncash information on lease liabilities arising from obtaining right-of-use assets:
Financing	$	3,232
Weighted average remaining lease term (in years):
Financing	4.75 years
Operating	40.5 years
Weighted average discount rate:
Financing	5.16		%
Operating	5.16		%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Undiscounted cash flows for the remainder of the year and on an annual basis for the following years are as follows (in thousands):

	Financing		Operating
2019	$	549	$	4,868
2020	732		6,677
2021	732		7,033
2022	732		6,437
2023	732		5,891
Thereafter	—		206,300
Total undiscounted cash flows	$	3,477	$	237,206
Short-term lease liabilities	$	600	$	4,428
Long-term lease liabilities	2,490		88,682
Total lease liabilities	$	3,090	$	93,110
Difference	$	387	$	144,096

Schedule of Components of Leveraged Lease Investments [Table Text Block]

At March 31, 2019, the components of our net investment in direct financing leases are as follows (in thousands):

	March 31, 2019
Carrying amount of receivable	$	79,893
Unguaranteed residual value	69,222
Deferred selling profit on direct financing leases	(79,893		)
Net investment in sales-type and direct financing leases	$	69,222

Direct Financing Lease, Lease Income [Table Text Block]

For the three months ended March 31, 2019, we have recognized the following amounts of income from our direct financing leases as follows (in thousands):

	Three Months Ended March 31, 2019
Interest Income	$	3,432
Income related to variable lease payments not included in the lease receivable	449
Total direct financing lease revenue	$	3,881

Sales-type and Direct Financing Leases, Lease Receivable, Maturity [Table Text Block]

Undiscounted cash flows on an annual basis are as follows (in thousands):

	Direct financing leases
2019	$	10,299
2020	13,031
2021	12,800
2022	12,804
2023	12,808
Thereafter	18,151
Total undiscounted cash flows	$	79,893