Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Components of Lease Cost

The following table summarizes the components of lease expense for the three and six months ended June 30, 2021 (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Operating lease cost	$	920	$	1,255	$	1,802	$	2,412
Short-term lease cost	6		7		12		13
Variable lease cost	266		262		547		552
Sublease income	(84)		(84)		(168)		(168)
Total lease cost	$	1,108	$	1,440	$	2,193	$	2,809

Lease Assets and Liabilities

The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):

		June 30, 2021			December 31, 2020
Assets:
	Operating lease right-of-use assets	$	8,559		$	8,541
Liabilities:
	Operating lease liabilities	$	3,751		$	3,587
	Long-term operating lease liabilities	10,353			10,774
	Total operating lease liabilities	$	14,104		$	14,361
Weighted average remaining lease term (years)		6.72			7.28
Weighted average discount rate		3.5		%	3.6		%

Lease Liability Maturity

Maturities of lease liabilities were as follows (in thousands):

Years ending December 31,
2021 (excluding the three months ended June 30, 2021)	$	2,028
2022	3,217
2023	2,128
2024	1,429
2025	1,350
Thereafter	5,625
Total lease payments	15,777
Less interest	(1,673)
Present value of operating lease liabilities	$	14,104