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Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases  
Activity related to the company's leases

Activity related to the Company's leases for the year ended December 31, 2019 is as follows (in thousands):

 

 

 

 

 

 

Year Ended

 

 

December 31, 

 

    

2019

Operating lease expense

 

$

10,265

Cash for amounts included in the measurement of operating liability

 

$

11,667

Right-of-use assets obtained in exchange for operating liabilities

 

$

 —

 

At December 31, 2019, the weighted average borrowing rate and weighted average lease term are as follows:

 

 

 

 

 

    

Amount

 

Weighted average borrowing rate

 

2.9

%

Weighted average remaining lease term (years)

 

5.9

 

 

Schedule of maturity of lease liabilities and future minimum lease payments

The following table presents the maturity of lease liabilities as of December 31, 2019 (in thousands):

 

 

 

 

 

    

Amount

2020

 

$

8,516

2021

 

 

5,946

2022

 

 

4,143

2023

 

 

3,956

2024

 

 

3,558

Thereafter

 

 

7,633

Total future lease payments

 

 

33,752

Less imputed interest

 

 

(2,797)

Lease liability

 

$

30,955

 

At December 31, 2019, the future minimum lease payments were as follows (in thousands):

 

 

 

 

 

 

    

Amount

2020

 

$

8,516

2021

 

 

5,946

2022

 

 

4,143

2023

 

 

3,956

2024

 

 

3,558

Thereafter

 

 

7,633

Total

 

$

33,752

 

Schedule of future minimum lease payments

At December 31, 2018, the future minimum lease payments were as follows (in thousands):

 

 

 

 

 

 

    

Amount

2019

 

$

11,393

2020

 

 

7,580

2021

 

 

5,317

2022

 

 

4,051

2023

 

 

3,877

Thereafter

 

 

11,156

Total

 

$

43,374