Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Leases

The following table summarizes our lease assets and liabilities as of:

(in thousands)	March 31, 2020		December 31, 2019
Operating lease assets	$	20,381	$	22,401
Operating lease liabilities - current	$	10,929	$	11,289
Operating lease liabilities - long-term	9,021		10,665
Total operating lease liabilities	$	19,950	$	21,954

We currently have leases for real estate, technology equipment, copiers, and vehicles. Our largest operating lease asset at March 31, 2020 of $10.7 million is for office space leased from the Exchange, including the home office. Under this lease, rent is based on rental rates of like property and all operating expenses are the responsibility of the tenant (Indemnity). The lease agreement expires December 31, 2021.

Operating lease costs for the three months ended March 31, 2020 and March 31, 2019 were $3.4 million and $3.6 million, respectively. Of this amount, the Exchange and its subsidiaries reimbursed us $1.4 million and $1.5 million for the three months ended March 31, 2020 and March 31, 2019, respectively, which represents the allocated share of lease costs supporting administrative services activities.