Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

NOTE 12. Leases

Leases. The Company is obligated as a lessee under certain non-cancelable operating leases for office space, and is also obligated to pay insurance, maintenance and other executory costs associated with the leases. As of March 31, 2020, the Company’s operating lease assets, included in Investments and other assets, were $16.5 million and operating lease liabilities were $32.9 million, the current maturities of which is included in Other accrued liabilities and the long-term portion of which is included in Other noncurrent liabilities. The difference between the operating lease assets and the operating lease liabilities is primarily due to a lease incentive received in 2017 related to the 300 South Riverside Lease in Chicago, Illinois. Other information related to the Company’s operating leases for the three months ended March 31, 2020 is as follows (in thousands, except percentage):

Income statement information:
	Three Months Ended March 31,
	2020		2019
Operating lease cost	$	986	$	958
Short-term lease cost		229		381
Variable lease cost		839		994
Total lease cost	$	2,054	$	2,333

Other information:
	Three Months Ended March 31,
	2020			2019
Cash paid for operating leases	$	1,259		$	1,224
Weighted-average remaining lease term (in months)	$	130		$	139
Weighted-average discount rate		7.4	%		7.4	%