Leasing Arrangements

6 Months Ended

Jun. 30, 2021

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 2028. Certain leases contain annual rent escalation clauses.

Rent expense totaled $2.9 million and $3.7 million for the three months ended June 30, 2021 and 2020, respectively. Rent expense totaled $5.8 million and $7.5 million for the six months ended June 30, 2021 and 2020, respectively.

For periods subsequent to June 30, 2021, 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):

June 30,	Capital Leases			Operating Leases
2021 (6 months)	$	1,119		$	4,558
2022		1,346			8,736
2023		721			8,237
2024					7,133
2025					3,798
Thereafter					2,552
Total	$	3,186		$	35,014
Less interest on lease obligations		(259	)
		2,927
Less current portion		(1,338	)
Non-current portion	$	1,589