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LEASES (Tables)
6 Months Ended
Jun. 30, 2019
LEASES.  
Summary of lease costs

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

(In thousands)

    

June 30, 2019

    

June 30, 2019

Lease cost

 

 

 

 

 

 

Operating lease cost

 

$

1,688

 

$

3,351

Sublease income

 

 

(15)

 

 

(39)

Total lease cost

 

$  

1,673

 

$  

3,312

 

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

 

 

 

 

 

 

 

Six Months Ended

 

(Dollars in thousands)

    

June 30, 2019

    

Cash paid for amounts included in the measurement of lease liabilities

 

 

  

 

Operating cash flows from operating leases

 

$

3,441

 

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

 

$

39,825

 

 

 

 

 

 

 

 

 

June 30, 2019

 

Weighted-average remaining lease term-operating leases

 

 

8.2

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 June 30, 2019

 

 

 

 

(In thousands)

    

June 30, 2019

2019

 

$

3,088

2020

 

 

6,046

2021

 

 

5,946

2022

 

 

5,742

2023

 

 

4,759

Thereafter

 

 

21,124

Total operating lease payments

 

$

46,705

Less: Interest

 

 

(6,442)

Present value of operating lease liabilities

 

$

40,263

 

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