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LEASES (Tables)
3 Months Ended
Mar. 31, 2019
LEASES.  
Summary of lease costs

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

(In thousands)

    

March 31, 2019

    

    

    

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

1,663

 

 

  

Sublease income

 

 

(24)

 

 

  

Total lease cost

 

$  

1,639

 

 

  

 

Summary of supplemental cash flow and balance sheet information related to operating leases

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

(Dollars in thousands)

    

March 31, 2019

 

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

    

 

 

Operating cash flows from operating leases

 

$

1,669

 

 

Operating right-of-use assets obtained in exchange for lease liabilities

 

$

 —

 

 

Weighted-average remaining lease term-operating leases

 

 

8.4

years

 

Weighted-average discount rate-operating leases (1)

 

 

3.41

%

 

(1)

The Company computes the present value of operating lease liabilities using its incremental borrowing rate as the discount rate.

 

Summary of maturities of operating lease liabilities as of March 31, 2019

 

 

 

 

 

 

 

 

(In thousands)

    

March 31, 2019

2019

 

$

4,532

2020

 

 

5,927

2021

 

 

5,824

2022

 

 

5,617

2023

 

 

4,630

Thereafter

 

 

20,566

Total operating lease payments

 

$

47,096

Less: Interest

 

 

(6,642)

Present value of operating lease liabilities

 

$

40,454

 

Summary of maturities of operating lease liabilities as of December 31, 2018

 

 

 

 

 

 

 

 

(In thousands)

 

December 31, 2018

2019

 

$

7,248

2020

 

 

6,504

2021

 

 

6,185

2022

 

 

5,903

2023

 

 

4,695

Thereafter

 

 

18,687

Total operating lease payments

 

$

49,222