Leases (Tables)

3 Months Ended

Mar. 31, 2020

The following table details the components of net lease cost for the periods presented ($ in thousands):

	Three Months Ended March 31,
	2020			2019
Finance leases
Amortization of right-of-use assets	$	497		$	503
Interest on lease liabilities		67			81
Operating lease cost		1,290			1,300
Short-term lease cost		109			80
Variable lease cost		347			344
Sublease income		(99	)		(87	)
Net lease cost	$	2,211		$	2,221

Cash Payments Included in Measurement of Lease Liabilities

The following table details the cash payments included in the measurement of lease liabilities during the periods presented ($ in thousands):

	Three Months Ended March 31,
	2020		2019
Finance leases
Operating cash flows included in operating activities	$	67	$	265
Financing cash flows included in payments under finance lease obligations		459		513
Operating leases
Operating cash flows (fixed payments) included in other operating activities, net		1,246		1,246
Operating cash flows (liability reduction) included in other operating activities, net		970		941

Balance Sheet Information and Weighted-Average Lease Terms and Discount Rates Related to Leases

The following table details balance sheet information, as well as weighted-average lease terms and discount rates, related to leases at March 31, 2020 and December 31, 2019 ($ in thousands):

	March 31, 2020			December 31, 2019
Finance lease right-of-use assets, net of accumulated depreciation	$	8,829		$	9,326
Finance lease liabilities		9,061			9,520
Operating lease right-of-use assets		30,839			31,182
Operating lease liabilities		32,055			32,354

Weighted-average lease term
Finance leases	8.59 years			8.62 years
Operating leases	8.89 years			9.05 years

Weighted-average discount rate
Finance leases		3.03	%		3.01	%
Operating leases		3.48	%		3.51	%

Future Minimum Rental Commitments Under Finance and Operating Leases

At March 31, 2020, future minimum rental commitments under finance and operating leases were as follows ($ in thousands):

	Finance Leases			Operating Leases
2020 (excluding the three months ended March 31, 2020)	$	1,443		$	3,742
2021		1,615			4,648
2022		1,556			4,173
2023		871			4,136
2024		572			4,040
Thereafter		4,452			16,726
Total minimum lease payments		10,509			37,465
Less imputed interest		(1,448	)		(5,410	)
Lease liabilities	$	9,061		$	32,055