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Leases (Tables)
12 Months Ended
Dec. 31, 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:

 

 

December 31,

2019

 

 

January 1,

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

8,411

 

 

$

10,745

 

Lease liabilities

 

 

8,792

 

 

 

11,087

 

 

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

 

December 31,

2019

 

(In thousands)

 

 

 

Operating lease expense

$

3,095

 

Variable and short-term lease expense

 

270

 

Rent expense

$

3,364

 

 

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:

 

 

December 31,

2019

 

 

 

(In thousands)

 

2020

 

$

2,840

 

2021

 

 

2,279

 

2022

 

 

1,298

 

2023

 

 

1,205

 

2024

 

 

1,245

 

Thereafter

 

 

943

 

Total future lease payments

 

 

9,810

 

(Present value adjustment)

 

 

(1,018

)

Present value of future lease payments

 

$

8,792