As of

As of

($in thousands)

March 31, 2020

March 31, 2019

Lease cost

Operating lease cost

$

809

$

796

Shared lease costs

(470)

(477)

Variable lease cost

264

26

Total lease cost

$

603

$

345

Three Months Ended

Three Months Ended

($in thousands)

March 31, 2020

March 31, 2019

Operating cash flows from operating leases

$

(451)

$

(767)

Right-of-use assets exchanged for new operating lease liabilities

$

21,076

$

22,618

Weighted-average remaining lease term – operating leases (years)

6.1

6.7

Weighted-average discount rate – operating leases

6.2

%  

6.2

%

Future Lease

($in thousands)

Liability

Nine months ended December 31, 2020

$

2,515

Year ended December 31, 2021

3,114

Year ended December 31, 2022

3,084

Year ended December 31, 2023

3,137

Year ended December 31, 2024

3,190

Other

20,273

Total operating lease liabilities

35,313

Less: present value discount

(9,872)

Net operating lease liabilities, short-term and long-term

$

25,441