Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of future minimum lease payments due to the Company under property operating agreements

Future minimum lease payments under the non-cancelable operating leases, excluding any reimbursements, as of December 31, 2019 are as follows:

In thousands
2020	$	360,340
2021	315,426
2022	275,798
2023	233,424
2024	177,738
2025 and thereafter	501,849
	$	1,864,575

Future minimum lease payments receivable under ASC 840

Future minimum lease payments under the non-cancelable operating leases, excluding any reimbursements, as of December 31, 2018 were as follows:

In thousands
2019	$	326,441
2020	279,211
2021	235,660
2022	201,072
2023	163,978
2024 and thereafter	476,673
	$	1,683,035

Schedule of future minimum operating lease payments

The Company’s future lease payments (primarily for its 62 non-prepaid ground leases) as of December 31, 2019 were as follows:

In thousands	OPERATING			FINANCING
2020	$	4,814		$	746
2021	4,844			754
2022	4,875			763
2023	4,913			774
2024	4,969			795
2025 and thereafter	307,665			83,404
Total undiscounted lease payments	332,080			87,236
Discount	(240,506		)	(69,199		)
Lease liabilities	$	91,574		$	18,037

Future minimum lease payments under ASC 840

The Company’s future minimum lease payments (primarily for its 60 non-prepaid ground leases) as of December 31, 2018 were as follows:

In thousands
2019	$	5,288
2020	5,260
2021	5,238
2022	5,207
2023	5,224
2024 and thereafter	323,533
	$	349,750

Schedule of future minimum finance lease payments

The Company’s future lease payments (primarily for its 62 non-prepaid ground leases) as of December 31, 2019 were as follows:

In thousands	OPERATING			FINANCING
2020	$	4,814		$	746
2021	4,844			754
2022	4,875			763
2023	4,913			774
2024	4,969			795
2025 and thereafter	307,665			83,404
Total undiscounted lease payments	332,080			87,236
Discount	(240,506		)	(69,199		)
Lease liabilities	$	91,574		$	18,037

Schedule of lease cost

The following table provides details of the Company's total lease expense for the year ended December 31, 2019:

In thousands	YEAR ENDED Dec. 31, 2019
Operating lease cost
Operating lease expense	$	4,623
Variable lease expense	3,161
Finance lease cost
Amortization of right-of-use assets	165
Interest on lease liabilities	616
Total lease expense	$	8,565
Other information
Operating cash flows outflows related to operating leases	$	6,972
Financing cash flows outflows related to financing leases	$	379
Right-of-use assets obtained in exchange for new finance lease liabilities	$	17,800
Weighted-average remaining lease term (excluding renewal options) - operating leases	49.5
Weighted-average remaining lease term (excluding renewal options) -finance leases	65.2
Weighted-average discount rate - operating leases	5.7		%
Weighted-average discount rate - finance leases	5.4		%