Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Lease Cost and Activity

The Company's lease costs and activity during the year ended December 31, 2019 were as follows (in thousands):

	Year Ended December 31, 2019
Lease Costs:
Finance Leases:
Amortization of finance lease assets	$	8,116
Interest obligations under finance leases	2,014
Total finance lease expense	$	10,130
Operating Leases:
Fixed lease costs	$	13,333
Fixed lease costs to related parties	7,469
Variable short-term lease costs to related parties	1,396
Total operating lease costs	$	22,198
Cash payments related to lease liabilities included in operating cash flows:
Operating lease liabilities to third party	$	9,600
Operating lease liabilities to related party	8,398
Interest payments on finance lease liabilities	2,014
Cash payments related to lease liabilities included in financing cash flows:
Principal payments on finance lease liabilities	$	8,425

Schedule of Finance Lease, Maturity

The following table summarizes maturities of lease liabilities as of December 31, 2019 (in thousands):

			Operating Leases (1)
	Finance Leases		Related Party (2)		Non-Related Party		Total Operating		Total
2020	$	13,985	$	8,263	$	14,709	$	22,972	$	36,957
2021	13,195		7,737		14,264		22,001		35,196
2022	12,800		7,775		12,432		20,207		33,007
2023	12,022		7,834		9,725		17,559		29,581
2024	5,010		6,621		7,049		13,670		18,680
Thereafter	578		28,622		78,822		107,444		108,022
Total minimum lease payments	57,590		66,852		137,001		203,853		261,443
Less: amount representing interest	(6,117)		(20,506)		(54,420)		(74,926)		(81,043)
Total lease liabilities	$	51,473	$	46,346	$	82,581	$	128,927	$	180,400

(1) Leases that are on a month-to-month basis, short-term leases, and lease extensions that the Company does not expect to exercise are not included. Payments for additional corporate headquarters space expected to commence in 2020 under an executed lease agreement of approximately $84.8 million are also excluded.

(2) Related party lease payments exclude rent payments due under the DriveTime Lease Agreement and the DriveTime Hub Lease Agreement for locations where the Company shares space with DriveTime, as those are variable lease payments contingent upon the Company's utilization of the leased assets.

Schedule of Operating Lease, Maturity

The following table summarizes maturities of lease liabilities as of December 31, 2019 (in thousands):

			Operating Leases (1)
	Finance Leases		Related Party (2)		Non-Related Party		Total Operating		Total
2020	$	13,985	$	8,263	$	14,709	$	22,972	$	36,957
2021	13,195		7,737		14,264		22,001		35,196
2022	12,800		7,775		12,432		20,207		33,007
2023	12,022		7,834		9,725		17,559		29,581
2024	5,010		6,621		7,049		13,670		18,680
Thereafter	578		28,622		78,822		107,444		108,022
Total minimum lease payments	57,590		66,852		137,001		203,853		261,443
Less: amount representing interest	(6,117)		(20,506)		(54,420)		(74,926)		(81,043)
Total lease liabilities	$	51,473	$	46,346	$	82,581	$	128,927	$	180,400

(1) Leases that are on a month-to-month basis, short-term leases, and lease extensions that the Company does not expect to exercise are not included. Payments for additional corporate headquarters space expected to commence in 2020 under an executed lease agreement of approximately $84.8 million are also excluded.

(2) Related party lease payments exclude rent payments due under the DriveTime Lease Agreement and the DriveTime Hub Lease Agreement for locations where the Company shares space with DriveTime, as those are variable lease payments contingent upon the Company's utilization of the leased assets.

Schedule of Weighted-Average Remaining Lease Terms and Discount Rates

The weighted-average remaining lease terms and discount rates as of December 31, 2019 were as follows, excluding short-term operating leases:

Weighted average remaining term (years)
Operating leases	10.6
Finance leases	4.5
Weighted-average discount rate
Operating leases	8.4	%
Finance leases	5.4	%