Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Components of Lease Expense

The following table presents the components of lease expense for the periods ended:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Operating lease cost	$	1,291	$	1,310	$	2,586	$	2,621
Short-term lease cost	65		58		128		129
Variable lease cost	1		(17)		6		(22)
Sublease income	(35)		(32)		(69)		(66)
Total lease cost	$	1,322	$	1,319	$	2,651	$	2,662

Supplemental Cash Flow Information Related to Leases

The following table presents supplemental cash flow information related to leases for the periods ended:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,243	$	1,229	$	2,480	$	2,447
ROUA obtained in exchange for operating lease liabilities	$	675	$	156	$	4,068	$	32,162

Weighted Average Operating Lease Term And Discount Rate

The following table presents the weighted average operating lease term and discount rate as of the period ended:

	As of June 30,
	2020		2019
Weighted-average remaining lease term (years)	10.3		9.5
Weighted-average discount rate	3.17	%	3.18	%

Future Expected Operating Lease Payments

At June 30, 2020, future expected operating lease payments are as follows:

(in thousands)
Periods ending December 31,
2020	$	2,311
2021	4,561
2022	4,225
2023	3,549
2024	3,273
Thereafter	17,398
	35,317
Discount for present value of expected cash flows	(5,574)
Lease liability at June 30, 2020	$	29,743