Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

Leases

The following table presents the components of lease expense for the period indicated (in thousands):

	Year ended December 31, 2019
Operating lease cost	$	5,228
Short-term lease cost	262
Variable lease cost	(29)
Sublease income	(131)
Total lease cost	$	5,330

Prior to the adoption of ASU 2016-2, rent expense under operating leases was $6,348,000 and $5,885,000 for years ended 2018 and 2017, respectively. Rent expense was offset by rent income of $42,000 and $44,000 during the same periods, respectively.

The following table presents supplemental cash flow information related to leases for the twelve months ended December 31, 2019 (in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	4,931
ROUA obtained in exchange for operating lease liabilities	$	32,162

The following table presents the weighted average operating lease term and discount rate at December 31, 2019:

Weighted-average remaining lease term	9.3 years
Weighted-average discount rate	3.2	%

At December 31, 2019, future expected operating lease payments are as follows (in thousands):

Periods ending December 31,
2020	$	4,388
2021	4,235
2022	3,896
2023	3,216
2024	2,937
Thereafter	13,745
	32,417
Discount for present value of expected cash flows	(4,877)
Lease liability at December 31, 2019	$	27,540