Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties, and other sources are recorded when it is probable that a liability has been incurred and that the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. From time to time, we are subject to various claims that arise in the normal course of business. In the opinion of management, we are unaware of any pending or unasserted claims that would have a material adverse effect on our financial position, liquidity, or results.

Certain executive officers are entitled to payments in the event of termination of employment in connection with a certain change in control.

Our certificate of incorporation and certain contractual arrangements provide for indemnification of our officers and directors for certain events or occurrences. We maintain a directors and officers insurance policy to provide coverage in the event of a claim against an officer of director. Historically, we have not been obligated to make any payments for indemnification obligations, and no liabilities have been recorded for these obligations on the consolidated balance sheets as of September 30, 2020 or December 31, 2019.

We lease certain facilities under operating lease agreements that expire at various dates through 2028. Some of these arrangements contain renewal options and require us to pay taxes, insurance and maintenance costs. Renewal options were not included in the ROU asset and lease liability calculation.

Operating and short-term rent expenses was $0.9 million and $1.0 million for each of the three-month periods ended September 30, 2020 and 2019, respectively, and $2.7 million for both nine-month periods ended September 30, 2020 and 2019. Short-term rent expense was not material for any of the periods presented.

Cash flow information (in thousands)	Nine months ended September 30,		Nine months ended September 30,
	2020		2019

Cash paid for operating lease liabilities	$	2,684	$	2,345
Right-of-use assets obtained in exchange for operating lease obligations	$	—	$	2,834

6. Commitments, contingencies, and leases (continued)

Operating lease information	Nine months ended September 30,			Nine months ended September 30,
	2020			2019

Weighted-average remaining lease-term	6.17			7.1
Weighted-average discount rate		5.46	%		5.52	%

(in thousands)	September 30, 2020

2020 (October 1st through December 31st)	$	959
2021		3,903
2022		3,037
2023		2,459
2024		2,227
Thereafter		6,934
Total minimum lease payments	$	19,519
Less imputed interest		(3,069	)
Total lease liabilities	$	16,450