Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Lease Cost and Other Lease Information

The following table sets forth the Company’s lease costs for the three months ended March 31, 2020 and 2019:

	Three Months Ended March 31,
(in thousands)	2020		2019
Lease costs:
Operating lease cost(1)	$	723	$	725
Finance lease cost:
Depreciation expense	$	5	$	2
Interest on lease liabilities	1		2
Total finance lease cost	$	6	$	4

(1) Short-term lease costs were immaterial.

The following table sets forth the supplemental cash flow information for the Company’s leases for the three months ended March 31, 2020 and 2019:

	Three Months Ended March 31,
(in thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	683	$	738
Operating cash flows for finance leases	$	1	$	2
Financing cash flows for finance leases	$	5	$	41
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	794	$	4,070

The following table sets forth the Company’s weighted-average remaining lease terms and discount rates as of March 31, 2020:

	Weighted-average Remaining Lease Terms and Discount Rates
Weighted-average remaining lease terms (years):
Operating leases	4.27
Finance leases	5.50
Weighted-average discount rates:
Operating leases	4.41	%
Finance leases	3.06	%

Operating Lease Liability, Maturity

The following table sets forth the Company’s aggregate future lease payments for operating and finance leases as of March 31, 2020:

(in thousands)
Years Ending December 31,	Operating Leases		Finance Leases
Remaining in 2020	$	2,167	$	9
2021	2,459		12
2022	1,109		12
2023	585		12
2024	549		12
Thereafter	1,163		9
Total minimum lease payments	8,032		66
Less: Amount representing interest	782		9
Present value of minimum lease payments	7,250		57
Less: Current portion	2,527		9
Long-term portion	$	4,723	$	48

Finance Lease Liability, Maturity

The following table sets forth the Company’s aggregate future lease payments for operating and finance leases as of March 31, 2020:

(in thousands)
Years Ending December 31,	Operating Leases		Finance Leases
Remaining in 2020	$	2,167	$	9
2021	2,459		12
2022	1,109		12
2023	585		12
2024	549		12
Thereafter	1,163		9
Total minimum lease payments	8,032		66
Less: Amount representing interest	782		9
Present value of minimum lease payments	7,250		57
Less: Current portion	2,527		9
Long-term portion	$	4,723	$	48