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Leases (Tables)
6 Months Ended
Jun. 30, 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:

 

 

June 30,

2020

 

 

December 31,

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

7,144

 

 

$

8,411

 

Lease liabilities

 

 

7,528

 

 

 

8,792

 

 

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

 

Three months ended

June 30,

 

 

Six months ended

June 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

$

754

 

 

$

759

 

 

$

1,519

 

 

$

1,560

 

Variable and short-term lease expense

 

39

 

 

 

121

 

 

 

96

 

 

 

193

 

Rent expense

$

793

 

 

$

880

 

 

$

1,615

 

 

$

1,753

 

 

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:

 

 

June 30,

2020

 

(In thousands)

 

 

 

 

2020 (remaining six months)

 

$

1,322

 

2021

 

 

2,336

 

2022

 

 

1,298

 

2023

 

 

1,204

 

2024

 

 

1,170

 

Thereafter

 

 

1,018

 

Total future lease payments

 

 

8,348

 

Present value adjustment

 

 

(820

)

Present value of future lease payments

 

$

7,528