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Leases

12 Months Ended

Dec. 31, 2020

The following table summarizes our lease assets and liabilities as of December 31:


(in thousands)	2020		2019
Operating lease assets	$	14,381	$	22,401

Operating lease liabilities - current	$	10,713	$	11,289
Operating lease liabilities - long-term	3,643		10,665
Total operating lease liabilities	$	14,356	$	21,954

We currently have leases for real estate, technology equipment, copiers, and vehicles. Our largest operating lease asset at December 31, 2020 of $6.3 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. See Note 15, "Related Party".

Operating lease costs for the years ended December 31, 2020 and 2019 totaled $13.1 million and $14.0 million, respectively. Of this amount, the Exchange and its subsidiaries reimbursed us $5.3 million and $6.0 million for the years ended December 31, 2020 and 2019, respectively, which represents the allocated share of lease costs supporting administrative services activities.