Leases (Tables)

6 Months Ended

Jun. 30, 2021

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:

	Three Months Ended 6/30/2021		Six Months Ended 6/30/2021		Three Months Ended 6/30/2020		Six Months Ended 6/30/2020
(in thousands)
Operating lease cost	$	560	$	1,121	$	546	$	1,092
Variable lease cost		201		353		173		307
Total lease cost	$	761	$	1,474	$	719	$	1,399

Supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Three Months Ended 6/30/2021		Six Months Ended 6/30/2021		Three Months Ended 6/30/2020		Six Months Ended 6/30/2020
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	542	$	1,083	$	529	$	1,057
Right-of-use assets obtained in exchange for lease obligations: Operating leases	$	—	$	—	$	434	$	875

Supplemental balance sheet information related to leases

Supplemental balance sheet information related to leases was as follows:

	6/30/2021		12/31/2020
(in thousands, except lease term and discount rate)
Operating Leases:
Operating lease right-of-use assets	$	12,810	$	13,713
Operating lease liabilities	$	13,057	$	13,935
Weighted Average Remaining Lease Term:
Operating Leases		10 Years		10 Years
Weighted Average Discount Rate:
Operating Leases		3.1%		3.1%

Summary of Future Payments of Lease Liabilities

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

	Minimum Rental Payments
	June 30, 2021			December 31, 2020
	(in thousands)
Year Ending December 31, 2021	$	1,088		$	2,156
2022		1,995			1,995
2023		1,962			1,962
2024		1,692			1,692
2025		1,471			1,471
Thereafter		7,394			7,394
Total lease payments	$	15,602		$	16,670
Less imputed interest		(2,545	)		(2,735	)
Present value of lease liability	$	13,057		$	13,935