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Leases (Tables)
9 Months Ended
Sep. 30, 2019
Leases [Abstract]  
Schedule of Right-of-Use Assets and the Corresponding Lease Liabilities Information regarding the Company's right-of-use assets and the corresponding lease liabilities are as follows:

 

 

September 30,

2019

 

 

January 1,

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

8,919

 

 

$

10,745

 

Lease liabilities

 

 

9,290

 

 

 

11,087

 

 

Schedule of Rent Expenses The Company’s rent expense is as follows:

 

 

Three Months

Ended

September 30,

2019

 

 

Nine Months

Ended

September 30,

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Operating lease expense

 

$

764

 

 

$

2,331

 

Variable and short-term lease expense

 

 

36

 

 

 

223

 

Rent expense

 

$

800

 

 

$

2,554

 

 

Schedule of Future Minimum Lease Payments to be Paid under Operating Leases The future minimum lease payments to be paid under operating leases are as follows:

 

 

September 30,

2019

 

 

 

(In thousands)

 

2019 (remaining three months)

 

$

724

 

2020

 

 

2,782

 

2021

 

 

2,231

 

2022

 

 

1,291

 

2023

 

 

1,201

 

Thereafter

 

 

2,182

 

Total future lease payments

 

 

10,411

 

(Present value adjustment)

 

 

(1,121

)

Present value of future lease payments

 

$

9,290