Note 10—Leases

Our leasing activities primarily consist of operating leases for corporate offices, regional shorebase offices and office equipment. The components and other information related to leases are as follows:


	Year Ended
	December 31, 2019
	(in thousands)
Lease Expense
Operating lease cost	$	6,690

Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		1,445
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		6,935

Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We account for lease and non‑lease components of our operating leases as a single component except for agreements with our integrated services subcontractors, which we account for the components separately. During the Successor period in 2018 and the Predecessor periods in 2018 and 2017, operating lease costs were $0.3 million, $14.7 million and $6.5 million respectively.


	December 31, 2019
Weighted Average Remaining Lease Term (in years)
Operating leases		4.8

Weighted Average Discount Rate
Operating leases		8.1%

Future minimum lease payments for our leases as of December 31, 2019 and a reconciliation to lease liabilities recorded on our condensed consolidated balance sheet are as follows:


	Operating Leases
Years Ending December 31,	(in thousands)
2020	$	1,472
2021		1,499
2022		1,525
2023		1,552
2024		1,179
Total future minimum lease payments		7,227
Less imputed interest		(1,220)
Total	$	6,007

Reported as of December 31, 2019
Accrued expenses	$	1,033
Other long-term liabilities		4,974
Total lease liabilities	$	6,007