Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lessee, Operating Lease, Disclosure

As of December 31, 2020 and 2019, the Company’s operating lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheet as follows, together with certain supplemental balance sheet information:

(In thousands)	Classification	2020			2019
Assets
Right-of-use assets	Right-of-use assets	$	45,924		$	50,160
Liabilities
Short-term lease liability	Other accrued liabilities	9,960			10,025
Long-term lease liability	Long-term lease liability	39,730			43,827
Total lease liabilities		$	49,690		$	53,852
Lease Term and Discount Rate
Weighted average remaining lease term (years)		7.9			8.4
Weighted average discount rate		5.0		%	4.9		%

Lease, Cost

Expense for leases less than 12 months for the year ended December 31, 2020 and 2019 were not material. The components of lease expense for the year ended December 31, 2020 and 2019 are as follows:

(In thousands)	2020		2019
Operating lease cost	$	13,576	$	12,538

Lease Operating Lease, Cash Flow Information

The Company combines the amortization of the right-of-use assets and the change in the operating lease liability in the same line item in the Statement of Cash Flows. Other information related to the Company’s operating leases for the year ended December 31, 2020 and 2019 are as follows:

(In thousands)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	$	10,806	$	11,137
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	5,133	$	9,077

Lessee, Operating Lease, Liability, Maturity

Future minimum lease payments for noncancellable operating leases as of December 31, 2020 and 2019, were as follows:

(In thousands)	2020		2019
2021	$	12,365	$	12,407
2022	8,571		10,221
2023	6,851		6,909
2024	5,752		6,055
2025	4,876		5,052
Thereafter	23,742		26,904
Total	$	62,157	$	67,548
Less: Interest	12,467		13,696
Present value of lease liabilities	$	49,690	$	53,852