Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lessee

Leases

We lease our administrative and service facilities, as well as certain office equipment, monitoring devices and information technology equipment under arrangements classified as leases under ASC 842.

We have non-cancelable operating leases expiring at various dates through 2031. Certain leases are renewable at the end of the lease term at our option, none of which are certain at this time. We have also entered into and acquired finance leases with various expiration dates through 2025, which are used primarily to finance office equipment, monitoring devices and other information technology equipment.

The components of our lease expense are as follows:

	Three Months Ended
	March 31,
(in thousands)	2020		2019
Operating lease cost:
Operating lease cost	$	1,579	$	1,408
Short-term lease cost	189		146
Total operating lease cost	1,768		1,554
Finance lease cost:
Amortization of right-of-use assets	89		865
Interest on lease liabilities	6		24
Total finance lease cost	95		889
Total lease cost	$	1,863	$	2,443

Supplemental balance sheet information related to leases as of March 31, 2020 and December 31, 2019 is as follows:

	March 31, 2020						December 31, 2019
(in thousands, except percentages and years)	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Property and equipment, net	$	—		$	481		$	—		$	493
Other assets	32,189			—			16,400			—
Total right-of-use assets	32,189			481			16,400			493
Accrued liabilities	5,484			—			5,187			—
Current portion of finance lease obligations	—			373			—			394
Long-term portion of finance lease obligations	—			272			—			289
Other long-term liabilities	29,451			—			14,029			—
Total lease obligations	$	34,935		$	645		$	19,216		$	683
Weighted average remaining lease term (years)	7.9			2.1			5.0			1.9
Weighted average discount rate	3.7		%	4.1		%	4.4		%	4.5		%

Future maturities of lease liabilities are as follows:

(in thousands)	Operating Leases			Finance Leases
Remainder of 2020	$	5,074		$	329
2021	6,230			210
2022	5,100			109
2023	4,326			10
2024	4,042			9
Thereafter	15,547			1
Total minimum lease payments	40,319			668
Less imputed interest	(5,384		)	(23		)
Present value of lease liabilities	$	34,935		$	645

Supplemental cash flow information related to leases is as follows:

	Three Months Ended
	March 31,
(in thousands)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	(1,558	)	$	(1,472	)
Operating cash flows from finance leases	(6		)	(24		)
Financing cash flows from finance leases	(179		)	(1,163		)
Right-of-use assets obtained in exchange for lease obligations, net of incentives:
Operating leases	17,055			21,810
Finance leases	$	68		$	787