Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of Lease Expense

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

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Operating lease cost	$	1,284	$	1,306	$	3,869	$	3,924
Short-term lease cost	67		65		195		194
Variable lease cost	(1)		(13)		6		(33)
Sublease income	(33)		(32)		(102)		(98)
Total lease cost	$	1,317	$	1,326	$	3,968	$	3,987

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 September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,236	$	1,236	$	3,716	$	3,683
ROUA obtained in exchange for operating lease liabilities	$	93	$	—	$	4,161	$	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:

	September 30,
	2020		2019
Weighted-average remaining lease term (years)	10.0		9.5
Weighted-average discount rate	3.10	%	3.18	%

Future Expected Operating Lease Payments

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

(in thousands)
Periods ending December 31,
2020	$	1,144
2021	4,566
2022	4,230
2023	3,554
2024	3,278
Thereafter	17,457
	34,229
Discount for present value of expected cash flows	(5,335)
Lease liability at September 30, 2020	$	28,894