Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Supplemental Information Related to Leases

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020		2019
Operating lease cost	$	2,188		$	1,835		$	4,233	$	3,638
Cash paid for amounts included in the measurement of operating lease liabilities	2,469			2,020			4,728		3,928
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	625			792			6,647		2,251
	June 30, 2020			December 31, 2019
Weighted-average remaining lease term — operating leases	5.4 years			5.7 years
Weighted-average discount rate — operating leases	3.8		%	4.0		%

Maturities of Lease Liabilities

Maturities of lease liabilities are as follows (in thousands):

Year Ended December 31,	Operating Leases(1)
Remainder of 2020	$	5,410
2021	10,643
2022	9,320
2023	8,551
2024	7,771
2025 and thereafter	11,026
Total lease payments	52,721
Less: imputed interest(2)	5,037
Present value of lease liabilities	$	47,684

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(1)Operating lease payments exclude $2.8 million of legally binding minimum lease payments for leases executed but not yet commenced and includes $0.6 million for options to extend lease terms that were reasonably certain of being exercised.

(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.