Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Net Lease Cost

The table below summarizes our net lease cost:

(In thousands)	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Operating lease cost	$	1,791		$	3,590
Variable lease cost		581			1,258
Short-term lease cost		87			177
Sublease income		(112	)		(213	)
Total operating lease cost	$	2,347		$	4,812

Future Minimum Rental Commitments Related to Non-cancelable Operating Leases

The table below shows future minimum rental commitments related to non-cancelable operating leases for the next five years and thereafter as of June 30, 2019.

(In thousands)
2019	$	3,663
2020		7,032
2021		6,184
2022		5,345
2023		4,523
Thereafter		15,432
Total lease payments	$	42,179
Less: interest		(5,044	)
Present value of lease liabilities	$	37,135

Additional Information for Operating Leases

The following table shows the weighted average remaining operating lease term, the weighted average discount rate and supplemental information on the unaudited interim consolidated statements of cash flows for operating leases:

(In thousands except for percent and period data)	June 30, 2019
Weighted average remaining lease term, in years		8.09
Weighted average discount rate		3.03	%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,070
ROU assets obtained in exchange for lease liabilities		37,749

Future Minimum Rental Payments Related to Non-cancelable Operating Leases

The following table shows the future minimum rental payments related to non-cancelable operating leases with original terms of one year or more as of December 31, 2018.

(In thousands)
2019	$	6,890
2020		6,467
2021		5,613
2022		4,773
2023		3,972
Thereafter		13,869
Total	$	41,584