Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease, Cost

Other information related to operating leases for the year ended December 31, 2019 was as follows:

(Dollars in thousands)	Year ended December 31, 2019
Lease cost
Operating lease cost	$	3,165
Sublease income	(383)
Total lease cost	$	2,782
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	3,192
ROU assets obtained in exchange for new operating lease liabilities	505
Reductions to ROU assets resulting from reductions to lease obligations	$	(2,855)

Lessee, Operating Lease, Liability, Maturity

At December 31, 2019, Park's operating leases had a weighted average remaining term of 7.2 years and a weighted average discount rate of 3.1%.

Undiscounted cash flows included in lease liabilities have expected contractual payments as follows:

(in thousands)	December 31, 2019
2020	$	2,921
2021	2,541
2022	2,403
2023	2,294
2024	1,519
Thereafter	4,524
Total undiscounted minimum lease payments	$	16,202
Less: imputed interest	(1,720)
Total lease liabilities	$	14,482