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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Other Operating and Finance Lease Information As of December 31, 2020, the maturity of lease liabilities under Topic 842 are as follows:
YearOperating LeasesFinancing LeasesTotal
 (In thousands)
2021$4,667 $190 $4,857 
20223,462 160 3,622 
20232,993 99 3,092 
20241,605 77 1,682 
20251,001 — 1,001 
Thereafter519 — 519 
Total14,247 526 14,773 
Less: present value discount*(1,802)(49)(1,851)
              Present value of lease liabilities12,445 477 12,922 
Less: current portion of lease liabilities(3,905)(164)(4,069)
     Total long-term lease liabilities$8,540 $313 $8,853 
* The discount rate used was the relevant incremental borrowing rate in each of the jurisdictions
wherein the leased properties are located
Other information about lease amounts recognized in our Condensed Consolidated Statement of Income is summarized as follows:
December 31, 2020
Weighted Average Lease Term - Operating Leases3.63 years
Weighted Average Lease Term - Finance Leases3.18 years
Weighted Average Discount Rate - Operating Leases8.09 %
Weighted Average Discount Rate - Finance Leases7.13 %
Lease Cost The lease cost recognized in our Condensed Consolidated Statement of Income in the category of General and Administrative, is summarized as follows:
December 31
(In thousands)20202019
Operating Lease Cost $7,051 $8,613 
Finance Lease Cost:
                   Amortization of Lease Assets161121
                   Interest on Lease liabilities3936
Finance Lease Cost200157
Sublease Income(476)(654)
Total Net Lease Cost$6,775 $8,116 
Schedule of Future Minimum Rental Payments for Operating Leases Commitments for minimum rentals under non-cancellable leases, under the legacy guidance in ASC 840 as of December 31, 2020 were as follows:
YearOperating LeasesFinancing Leases
 (In thousands)
2021$4,667 $190 
20223,462 160 
20232,993 99 
20241,605 77 
20251,001 — 
Thereafter519 — 
Total$14,247 $526 
Less: sublease income(476)
Net lease payments$13,771 
Less: amount representing interest (39)
Present value of obligations under financing leases $487 
Less: current portion (164)
Long-term obligations $323 
Schedule of Future Minimum Lease Payments for Capital Leases Commitments for minimum rentals under non-cancellable leases, under the legacy guidance in ASC 840 as of December 31, 2020 were as follows:
YearOperating LeasesFinancing Leases
 (In thousands)
2021$4,667 $190 
20223,462 160 
20232,993 99 
20241,605 77 
20251,001 — 
Thereafter519 — 
Total$14,247 $526 
Less: sublease income(476)
Net lease payments$13,771 
Less: amount representing interest (39)
Present value of obligations under financing leases $487 
Less: current portion (164)
Long-term obligations $323 
Schedule Of Future Principal Debt Payments and Minimum Lease Payments Under Non-Cancelable Operating And Capital Leases Such arrangements represent further commitments of approximately $56.3 million as follows:
YearCommitments
 (In thousands)
2021$20,251 
202218,271 
202317,756 
Thereafter— 
Total$56,278