Leased Property
 12 Months Ended
Dec. 31, 2018
Leased Property  
Leased Property

6.  Leased Property

 

Leased property at December 31, 2018 and 2017 consists of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

 

 

 

2018

 

2017

 

Right of use assets - operating

 

$

76,747

 

$

 —

 

Right of use assets - finance

 

 

39,905

 

 

 —

 

Capitalized costs of lessor assets

 

 

41,040

 

 

98,877

 

Less: accumulated depreciation

 

 

(10,941)

 

 

(11,812)

 

Leased property, net

 

$

146,751

 

$

87,065

 

 

 

Capitalized costs of lessor assets associated with finance leases have been reclassified to right of use assets upon the adoption of ASC 842. Depreciation expense related to leased property was $8.4 million,  $7.3 million, and $2.9 million the years ended December 31, 2018, 2017 and 2016, respectively.