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Leases (Tables)
3 Months Ended
Mar. 31, 2020
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:

 

 

March 31,

2020

 

 

December 31,

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

7,692

 

 

$

8,411

 

Lease liabilities

 

 

8,085

 

 

 

8,792

 

 

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

 

 

Three months ended

March 31,

 

 

 

2020

 

 

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Operating lease expense

 

$

765

 

 

$

801

 

Variable and short-term lease expense

 

 

57

 

 

 

72

 

Rent expense

 

$

822

 

 

$

873

 

 

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:

 

 

March 31,

2020

 

(In thousands)

 

 

 

 

2020 (remaining nine months)

 

$

2,073

 

2021

 

 

2,253

 

2022

 

 

1,278

 

2023

 

 

1,198

 

2024

 

 

1,165

 

Thereafter

 

 

1,015

 

Total future lease payments

 

 

8,982

 

Present value adjustment

 

 

(897

)

Present value of future lease payments

 

$

8,085