Leases

9 Months Ended

Sep. 30, 2020

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


(in thousands)	September 30, 2020		December 31, 2019
Operating lease assets	$	16,844	$	22,401

Operating lease liabilities - current	$	10,735	$	11,289
Operating lease liabilities - long-term	5,766		10,665
Total operating lease liabilities	$	16,501	$	21,954

We currently have leases for real estate, technology equipment, copiers, and vehicles. Our largest operating lease asset at September 30, 2020 of $7.8 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 September 30, 2020 and 2019 were $3.2 million and $3.5 million, respectively, and $9.9 million and $10.7 million for the nine months ended September 30, 2020 and 2019, respectively. Of this amount, the Exchange and its subsidiaries reimbursed us $1.3 million and $1.5 million for the three months ended September 30, 2020 and 2019, respectively, and $4.1 million and $4.6 million for the nine months ended September 30, 2020 and 2019, respectively, which represents the allocated share of lease costs supporting administrative services activities.