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

 

 

June 30,

2021

 

 

December 31,

2020

 

(In thousands)

 

 

 

 

 

 

 

 

Right-of-use assets

 

$

7,114

 

 

$

6,865

 

Lease liabilities

 

 

7,442

 

 

 

7,218

 

 

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

 

Three months ended

June 30,

 

 

Six months ended

June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease expense

$

768

 

 

$

754

 

 

$

1,652

 

 

$

1,519

 

Variable and short-term lease expense

 

36

 

 

 

39

 

 

 

76

 

 

 

96

 

Rent expense

$

804

 

 

$

793

 

 

$

1,728

 

 

$

1,615

 

 

 

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,

2021

 

(In thousands)

 

 

 

 

2021 (remaining six months)

 

$

1,428

 

2022

 

 

1,919

 

2023

 

 

1,744

 

2024

 

 

1,361

 

2025

 

 

1,184

 

Thereafter

 

 

1,009

 

Total future lease payments

 

 

8,645

 

Present value adjustment

 

 

(1,203

)

Present value of future lease payments

 

$

7,442