Leases

9 Months Ended

Sep. 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				Nine Months Ended
(In thousands)	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Operating Lease Cost (a)	$	4,869	$	5,456	$	15,941	$	16,951
(a) includes variable and short-term lease costs

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


(In thousands)
Years ending December 31,	Operating Leases
2020 (Excluding the nine months ended September 30, 2020)	$	7,012
2021	17,340
2022	11,465
2023	8,229
2024	7,062
Thereafter	14,161
Total future minimum lease payments	65,269
Less imputed interest	(11,325)
Total	$	53,944

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