Leases (Tables)

9 Months Ended

Sep. 30, 2019

Right of use Assets and Liabilities [Abstract]

Right of use assets and liabilities [Table Text Block]

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

	September 30, 2019
Right of use assets
Financing	$	2,748
Operating	$	86,917
Lease liabilities
Financing	$	2,799
Operating	$	90,132

Lease, Cost [Table Text Block]

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

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Finance lease cost:
Amortization of right-of-use assets	$	162	$	485
Interest expense on lease liabilities	$	36	$	115
Operating lease costs	$	2,142	$	6,642
Variable lease costs	$	502	$	1,570
Cash paid for amounts included in the measurement of lease liabilities:
Financing	$	146	$	385
Operating	$	891	$	2,514
Noncash information on lease liabilities arising from obtaining right-of-use assets:
Financing	$	—	$	3,232
Weighted average remaining lease term (in years):
Financing			4.25 years
Operating			41.7 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	$	183	$	1,473
2020	732		6,125
2021	732		6,373
2022	732		5,778
2023	732		5,532
Thereafter	—		206,362
Total undiscounted cash flows	$	3,111	$	231,643
Short-term lease liabilities	$	614	$	4,965

Long-term lease liabilities	2,185		85,167
Total lease liabilities	$	2,799	$	90,132
Difference	$	312	$	141,511

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

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

	September 30, 2019
Carrying amount of receivable	$	73,027
Unguaranteed residual value	69,222
Deferred selling profit on direct financing leases	(73,027		)
Net investment in sales-type and direct financing leases	$	69,222

Direct Financing Lease, Lease Income [Table Text Block]

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

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
Interest income	$	3,433	$	10,298
Income related to variable lease payments not included in the lease receivable	440		1,491
Total direct financing lease revenue	$	3,873	$	11,789

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	$	3,433
2020	13,031
2021	12,800
2022	12,804
2023	12,808
Thereafter	18,151
Total undiscounted cash flows	$	73,027