|12 Months Ended|
Dec. 31, 2019
The Company's material lease contracts are generally for corporate office space. The Company leases facilities pursuant to noncancelable operating lease agreements expiring through 2029.
Operating lease cost was approximately $4.9 million, $4.2 million, and $3.8 million, for the years ended December 31, 2019, 2018 and 2017, respectively.
The following table is a schedule of maturities of operating lease liabilities as of December 31, 2019 (in thousands):
The table above reflects payments for noncancelable operating leases with initial or remaining terms of one year or more as of December 31, 2019. The table above does not include obligations for leases that have not yet commenced and does not include lease payments that were not fixed at commencement or modification.
As of December 31, 2019, the weighted-average remaining lease term (in years) and discount rate related to the operating leases were as follows:
The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef