XML 41 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Summary of Supplemental Balance Sheet Information The following table contains supplemental balance sheet information related to leases (dollars in thousands):

 

 

 

March 31,

2021

 

 

March 31,

2020

 

 

December 31,

2020

 

Operating lease right-of-use assets

 

$

17,424

 

 

$

16,542

 

 

$

17,209

 

Operating lease liabilities

 

 

17,578

 

 

 

16,568

 

 

 

17,351

 

Weighted-average remaining lease term (in years)

 

 

6.8

 

 

 

7.1

 

 

 

7.3

 

Weighted-average discount rate

 

 

2.63

%

 

 

3.08

%

 

 

2.85

%

 

Summary of Maturities of Lease Liabilities

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

 

Year ending December 31,

 

 

 

 

 

 

2021

 

 

$

2,226

 

 

2022

 

 

 

2,703

 

 

2023

 

 

 

2,364

 

 

2024

 

 

 

1,942

 

 

2025

 

 

 

1,629

 

Thereafter

 

 

 

9,150

 

Total lease payments

 

 

 

20,014

 

Less imputed interest

 

 

 

(2,436

)

Total lease liability

 

 

$

17,578

 

Summary of Components of Lease Expense

The components of lease expense for the three months ended March 31, 2021 and 2020 were as follows (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

708

 

 

$

642

 

Short-term lease cost

 

 

35

 

 

 

46

 

Variable lease cost

 

 

137

 

 

 

169

 

Total lease cost

 

 

880

 

 

 

857

 

Income from subleases

 

 

(153

)

 

 

(193

)

Net lease cost

 

$

727

 

 

$

664

 

Summary of Operating Lease Cash Flows Cash paid for amounts included in the measurement of lease liabilities was (in thousands):

 

 

March 31, 2021

 

 

March 31, 2020

 

Operating cash flows from operating leases

 

$

711

 

 

$

677