Leasing Arrangements

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leasing Arrangements

Note 4 – Leasing arrangements

The Company leases office space and certain equipment under operating and capital lease agreements, expiring in various years through 2027. Certain leases contain annual rent escalation clauses.

Rent expense totaled $3.7 million and $3.9 million for the three months ended June 30, 2020 and 2019, respectively. Rent expense totaled $7.5 million and $7.5 million for the six months ended June 30, 2020 and 2019, respectively.

For years subsequent to June 30, 2020, future minimum payments for all operating and capital lease obligations that have initial non-cancelable lease terms exceeding one year, net of rental income from subleases are as follows (in thousands):

December 31,	Capital Leases			Operating Leases
2020 (6 months)	$	1,119		$	5,742
2021		1,586			10,442
2022		1,346			8,496
2023		721			7,736
2024		-			6,597
Thereafter		-			13,103
Total	$	4,772		$	52,116
Less interest on lease obligations		(548	)
		4,224
Less current portion		(1,119	)
Non-current portion	$	3,105