Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases

Schedule of lease cost and other information

	Year Ended December 31, 2019
Lease Cost
Operating lease cost (a)	$	12,259
Sublease income		(1,508)
Short-term lease cost (b)		6,495
Total lease cost	$	17,246
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$	8,507
Weighted-average remaining lease term in years - operating leases		8.4
Weighted-average discount rate - operating leases		6.3	%

(a) Includes approximately $3.7 million of taxes, insurance and maintenance.

(b) Includes expenses associated with short-term leases of billboard advertisements and is included in “Marketing Funds expenses” on the Consolidated Statements of Income.

Schedule of maturities of lease liabilities under non-cancellable leases

Maturities under non-cancellable leases as of December 31, 2019 were as follows (in thousands):

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2020	$	8,756	$	(888)	$	7,868
2021		9,010		(775)		8,235
2022		9,002		(804)		8,198
2023		9,173		(822)		8,351
2024		9,439		(785)		8,654
Thereafter		34,235		(597)		33,638
Total lease payments	$	79,615	$	(4,671)	$	74,944
Less: imputed interest		18,554
Present value of lease liabilities	$	61,061

Schedule of previous lease accounting, maturities of lease liabilities

As previously disclosed in our 2018 Annual Report on Form 10-K and under the previous lease accounting, maturities under non-cancellable leases as of December 31, 2018 were as follows (in thousands):

	Rent Payments		Sublease Receipts		Total Cash Outflows
Year ending December 31:
2019	$	9,402	$	(1,087)	$	8,315
2020		9,601		(873)		8,728
2021		9,341		(775)		8,566
2022		9,011		(804)		8,207
2023		9,169		(827)		8,342
Thereafter		43,556		(1,382)		42,174
Total lease payments	$	90,080	$	(5,748)	$	84,332