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Leases (Tables)
12 Months Ended
Dec. 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:

 

 

2020

 

 

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

6,865

 

 

$

8,411

 

Lease liabilities

 

 

7,218

 

 

 

8,792

 

 

 

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

 

 

December 31,

 

 

 

2020

 

 

2019

 

(In thousands)

 

 

 

 

 

 

 

 

Operating lease expense

 

$

2,858

 

 

$

3,095

 

Variable and short-term lease expense

 

 

203

 

 

 

270

 

Rent expense

 

$

3,061

 

 

$

3,365

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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,

2020

 

 

 

(In thousands)

 

2021

 

$

2,526

 

2022

 

 

1,435

 

2023

 

 

1,318

 

2024

 

 

1,264

 

2025

 

 

1,084

 

Thereafter

 

 

821

 

Total future lease payments

 

 

8,448

 

(Present value adjustment)

 

 

(1,230

)

Present value of future lease payments

 

$

7,218