Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Lease Cost and Other Lease Information

The following table sets forth the Company’s lease costs for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Lease costs:
Operating lease cost(1)	$	724	$	655	$	1,447	$	1,380
Finance lease cost:
Depreciation expense	$	5	$	—	$	10	$	2
Interest on lease liabilities	1		2		2		4
Total finance lease cost	$	6	$	2	$	12	$	6

(1) Short-term lease costs were immaterial.

The following table sets forth the supplemental cash flow information for the Company’s leases for the six months ended June 30, 2020 and 2019:

	Six Months Ended June 30,
(in thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,402	$	1,373
Operating cash flows for finance leases	$	2	$	4
Financing cash flows for finance leases	$	7	$	78
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	800	$	6,440

The following table sets forth the Company’s weighted-average remaining lease terms and discount rates as of June 30, 2020:

	Weighted-average Remaining Lease Terms and Discount Rates
Weighted-average remaining lease terms (years):
Operating leases	3.88
Finance leases	5.25
Weighted-average discount rates:
Operating leases	4.23	%
Finance leases	3.06	%

Schedule of Operating Lease Liability, Maturity

The following table sets forth the Company’s aggregate future lease payments for operating and finance leases as of June 30, 2020:

(in thousands)	Lease Payments
Years Ending December 31,	Operating Leases		Finance Leases
Remaining in 2020	$	1,453	$	6
2021	2,469		12
2022	1,119		12
2023	595		12
2024	559		12
Thereafter	1,184		9
Total minimum lease payments	7,379		63
Less: Amount representing interest	711		8
Present value of minimum lease payments	6,668		55
Less: Current portion	2,464		9
Long-term portion	$	4,204	$	46

Schedule of Finance Lease Liability, Maturity

The following table sets forth the Company’s aggregate future lease payments for operating and finance leases as of June 30, 2020:

(in thousands)	Lease Payments
Years Ending December 31,	Operating Leases		Finance Leases
Remaining in 2020	$	1,453	$	6
2021	2,469		12
2022	1,119		12
2023	595		12
2024	559		12
Thereafter	1,184		9
Total minimum lease payments	7,379		63
Less: Amount representing interest	711		8
Present value of minimum lease payments	6,668		55
Less: Current portion	2,464		9
Long-term portion	$	4,204	$	46