Leases (Tables)

3 Months Ended

Mar. 31, 2021

As of the dates indicated, the Company had the following related to operating leases:


	As of March 31, 2021		As of December 31, 2020
	(In thousands)
Right-of-use assets	$	79,163	$	81,596
Lease liabilities	82,910		85,330

Finance leases are not material. Finance lease liabilities are recorded within other liabilities and finance ROU assets are recorded within other assets in the Company’s consolidated balance sheet.

The following table is a summary of the Company’s components of net lease cost for the periods indicated:


	For the Three Months Ended March 31,
	2021		2020
	(In thousands)
Operating lease cost	$	3,561	$	3,613
Finance lease cost	31		2
Variable lease cost	490		522
Total lease cost	$	4,082	$	4,137

Summary of Other Information Related to Leases

Supplemental balance sheet information related to operating leases are as follows:


	As of March 31, 2021		As of	As of December 31, 2020
Weighted-average remaining lease term (in years)	8.33			8.50
Weighted-average discount rate	2.63	%		2.65	%