Leases

6 Months Ended

Jun. 30, 2020

We have operating leases for corporate offices, automobiles, and certain equipment. Our leases have remaining terms of 1 year to 94 years, some of which may include options to extend the leases for up to 9 years, and some of which may include options to terminate the leases within 1 year. Leases with an initial term of 12 months or less are not recorded on the balance sheet. We recognize lease expense for these leases on a straight-line basis over the lease term. Amounts related to finance lease activities and income from leasing activities were not material for the periods presented.

The components of operating lease expense were as follows (unaudited):


	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Operating Lease Cost (a)	$	5,389	$	5,769	$	11,071	$	11,495
(a) includes variable and short-term lease costs

Maturities of lease liabilities as of June 30, 2020 were as follows (unaudited):


(In thousands)
Years ending December 31,	Operating Leases
2020 (Excluding the six months ended June 30, 2020)	$	8,948
2021	14,057
2022	8,755
2023	7,147
2024	6,599
Thereafter	13,720
Total future minimum lease payments	59,226
Less imputed interest	(10,988)
Total	$	48,238

As of June 30, 2020, we have additional operating leases, that have not commenced during the six months ended June 30, 2020, which were not material.