Leases (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of balance sheet information related to leases

Supplemental balance sheet information related to leases is as follows (dollars in thousands):

	March 31, 2020			December 31, 2019
	(unaudited)
Assets
Lease assets	$	21,911		$	21,279
Liabilities
Accrued expenses and other current liabilities
Lease liabilities, current	$	3,456		$	2,825
Non-current
Lease liabilities, long term	30,804			30,440
Total lease liabilities	$	34,260		$	33,265
Weighted-average remaining lease term (years)	12.1			12.5
Weighted-average discount rate	4.3		%	4.4		%

Schedule of lease costs and supplemental cash flow information

Operating lease costs are as follows (dollars in thousands):

	Three Months ended March 31,
	2020		2019
	(unaudited)
Fixed lease cost	$	1,497	$	1,032
Variable lease cost	627		465
Total operating lease cost	$	2,124	$	1,497

Supplemental cash flow information related to leases is as follows (dollars in thousands):

	Three Months ended March 31,
	2020		2019
	(unaudited)
Cash paid for operating leases	$	1,261	$	1,313
Lease assets and tenant receivables obtained for new operating leases	$	1,715	$	17,136

Schedule of maturities of operating lease liabilities

Future minimum lease payments under noncancellable operating leases, as of March 31, 2020, are as follows (dollars in thousands, unaudited):

2020 (remaining)	$	3,672
2021	4,760
2022	4,226
2023	2,537
2024	2,587
Thereafter	26,784
Total future minimum lease payments	$	44,566
Less: Imputed interest (1)	(10,306)
Present value of lease liabilities	$	34,260

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⁽¹⁾ Calculated using the interest rate for each lease.