Leases (Tables)

6 Months Ended

Jun. 30, 2019

Right of use Assets and Liabilities [Abstract]

Right of use assets and liabilities [Table Text Block]

At June 30, 2019, we have recorded the following right-of-use assets and lease liabilities (in thousands):

	June 30, 2019
Right of use assets
Financing	$	2,909
Operating	$	90,180
Lease liabilities
Financing	$	2,945
Operating	$	92,855

Lease, Cost [Table Text Block]

During the three months and six months ended June 30, 2019, we have recorded the following (in thousands):

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Finance lease cost:
Amortization of right-of-use assets	$	161	$	323
Interest expense on lease liabilities	$	39	$	79
Operating lease costs	$	2,263	$	4,500
Variable lease costs	$	478	$	1,068
Cash paid for amounts included in the measurement of lease liabilities:
Financing	$	144	$	239
Operating	$	990	$	1,623
Noncash information on lease liabilities arising from obtaining right-of-use assets:
Financing	$	—	$	3,232

Weighted average remaining lease term (in years):
Financing	4.5 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	$	366	$	3,280
2020	732		6,793
2021	732		7,041
2022	732		6,446
2023	732		5,900
Thereafter	—		206,312
Total undiscounted cash flows	$	3,294	$	235,772
Short-term lease liabilities	$	607	$	5,057
Long-term lease liabilities	2,338		87,798
Total lease liabilities	$	2,945	$	92,855
Difference	$	349	$	142,917

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

At June 30, 2019, the components of our net investment in direct financing leases are as follows (in thousands):

	June 30, 2019
Carrying amount of receivable	$	76,461
Unguaranteed residual value	69,222
Deferred selling profit on direct financing leases	(76,461		)
Net investment in sales-type and direct financing leases	$	69,222

Direct Financing Lease, Lease Income [Table Text Block]

For the three months and six months ended June 30, 2019, we have recognized the following amounts of income from our direct financing leases as follows (in thousands):

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Interest income	$	3,432	$	6,865
Income related to variable lease payments not included in the lease receivable	602		1,051
Total direct financing lease revenue	$	4,034	$	7,916

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	$	6,867
2020	13,031
2021	12,800
2022	12,804
2023	12,808
Thereafter	18,151
Total undiscounted cash flows	$	76,461