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Leases (Tables)
3 Months Ended
Mar. 31, 2021
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,

2021

 

 

December 31,

2020

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

7,781

 

 

$

6,865

 

Lease liabilities

 

 

8,122

 

 

 

7,218

 

 

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

 

March 31,

2021

 

 

 

2021

 

 

2020

 

 

(In thousands)

 

 

 

 

 

 

 

 

Operating lease expense

$

884

 

 

$

765

 

 

Variable and short-term lease expense

 

40

 

 

 

57

 

 

Rent expense

$

924

 

 

$

822

 

 

 

 

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,

2021

 

(In thousands)

 

 

 

 

2021 (remaining nine months)

 

$

2,212

 

2022

 

 

1,923

 

2023

 

 

1,741

 

2024

 

 

1,357

 

2025

 

 

1,182

 

Thereafter

 

 

994

 

Total future lease payments

 

 

9,409

 

Present value adjustment

 

 

(1,287

)

Present value of future lease payments

 

$

8,122