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Lease Assets and Lease Liabilities Lease Assets and Lease Liabilities (Tables)
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Components of the Company's Right-of Use Assets and Land Rights, Net
Components of the Company's right-of use assets and land rights, net are detailed below (in thousands):
June 30, 2022December 31, 2021
Right-of use assets - operating leases
$182,134 $183,136 
Land rights, net659,403 668,683 
Right-of-use assets and land rights, net$841,537 $851,819 
Schedule of Land Rights, Net Land rights net, consist of the following:
June 30,
2022		December 31,
2021
(in thousands)
Land rights$727,796 $730,783 
Less accumulated amortization(68,393)(62,100)
Land rights, net$659,403 $668,683 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2022, estimated future amortization expense related to the Company’s land rights by fiscal year is as follows (in thousands):
Year ending December 31,
2022 (remainder of year)$6,579 
202313,159 
202413,159 
202513,159 
202613,159 
Thereafter600,188 
Total$659,403 
Lessee, Operating Lease, Liability, Maturity
At June 30, 2022, maturities of the Company's operating lease liabilities were as follows (in thousands):
Year ending December 31,
2022 (remainder of year)$6,778 
202313,556 
202413,505 
202513,452 
202613,459 
Thereafter610,693 
Total lease payments$671,443 
Less: interest(488,543)
Present value of lease liabilities
$182,900 
Components of Lease Expense
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Operating lease cost$3,370 $3,228 $6,740 $6,156 
Variable lease cost 5,072 2,129 9,427 3,139 
Short-term lease cost— 301 — 628 
Amortization of land right assets3,290 3,006 9,280 5,849 
Total lease cost$11,732 $8,664 $25,447 $15,772 
Supplemental balance sheet information related to the Company's operating leases was as follows:
June 30, 2022
Weighted average remaining lease term - operating leases51.45 years
Weighted average discount rate - operating leases6.6%

Supplemental cash flow information related to the Company's operating leases was as follows:

Three Months Ended June 30,Six Months Ended
June 30,
2022202120222021
(in thousands)(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
  Operating cash flows from operating leases (1)
$404 $403 $809 $807 

(1) The Company's cash paid for operating leases is significantly less than the lease cost for the same period due to the majority of the Company's ground lease rent being paid directly to the landlords by the Company's tenants. Although GLPI expends no cash related to these leases, they are required to be grossed up in the Company's condensed consolidated financial statements under ASC 842.
Finance Lease, Liability, Fiscal Year Maturity At June 30, 2022, maturities of this finance lease were as follows (in thousands):
Six Months Ended June 30, 2022
2022 (remainder of year)$1,105 
20232,222 
20242,244 
20252,267 
20262,289 
Thereafter304,371 
Total lease payments$314,498 
Less: Interest(260,950)
Present value of finance lease liability$53,548