Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:  

	Three Months Ended 9/30/2019		Nine Months Ended 9/30/2019
(in thousands)
Operating lease cost	$	550	$	1,676
Variable lease cost		121		405
Total lease cost	$	671	$	2,081

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Three Months Ended 9/30/2019		Nine Months Ended 9/30/2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	528	$	1,605
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	433	$	1,318

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

	9/30/2019
(in thousands, except lease term and discount rate)
Operating Leases:
Operating lease right-of-use assets	$	12,944
Operating lease liabilities	$	13,101
Weighted Average Remaining Lease Term:
Operating Leases		11 Years
Weighted Average Discount Rate:
Operating Leases		3.5	%

Maturities of lease liabilities

A summary of future minimum rental payments under such leases as the dates indicated follows:

	Minimum Rental Payments
	September 30, 2019			December 31, 2018
	(in thousands)
Year Ending December 31, 2019	$	459		$	2,490
2020		2,038			2,170
2021		1,759			1,694
2022		1,603			1,331
2023		1,541			1,104
Thereafter		8,570			1,074
Total lease payments	$	15,970		$	9,863
Less imputed interest		(2,869	)
Present value of lease liability	$	13,101