Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Components of Net Lease Cost

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Finance leases
Amortization of right-of-use assets	$	449		$	520		$	1,427		$	1,665
Interest on lease liabilities		62			75			194			236
Operating lease cost		1,306			1,303			3,885			3,892
Short-term lease cost		104			85			324			288
Variable lease cost		304			349			983			1,039
Sublease income		(84	)		(81	)		(246	)		(250	)
Net lease cost	$	2,141		$	2,251		$	6,567		$	6,870

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):

	Nine Months Ended September 30,
	2020		2019
Finance leases
Operating cash flows included in operating activities	$	194	$	779
Financing cash flows included in payments under finance lease obligations		1,319		1,509
Operating leases
Operating cash flows (fixed payments) included in other operating activities, net		3,739		3,759
Operating cash flows (liability reduction) included in other operating activities, net		2,896		2,850

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 September 30, 2020 and December 31, 2019 ($ in thousands):

	September 30, 2020			December 31, 2019
Finance lease right-of-use assets, net of accumulated depreciation	$	7,900		$	9,326
Finance lease liabilities		8,201			9,520
Operating lease right-of-use assets		30,508			31,182
Operating lease liabilities		31,838			32,354
Weighted-average lease term
Finance leases	8.56 years			8.62 years
Operating leases	8.72 years			9.05 years
Weighted-average discount rate
Finance leases		3.07	%		3.01	%
Operating leases		3.40	%		3.51	%

Future Minimum Rental Commitments Under Finance and Operating Leases

At September 30, 2020, future minimum rental commitments under finance and operating leases were as follows ($ in thousands):

	Finance Leases			Operating Leases
2020 (excluding the nine months ended September 30, 2020)	$	456		$	1,250
2021		1,615			4,872
2022		1,556			4,378
2023		871			4,265
2024		572			4,371
Thereafter		4,452			17,982
Total minimum lease payments		9,522			37,118
Less imputed interest		(1,321	)		(5,280	)
Lease liabilities	$	8,201		$	31,838