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Leases (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Right-of-Use Assets and Lease Liabilities

The following table shows the right-of-use assets and lease liabilities recorded on the balance sheet:

	December 31, 2020		December 31, 2019
(In thousands)
Right-of-use assets:
Operating	$	17,145	$	23,895
Finance		994		1,680
Total leased assets	$	18,139	$	25,575

Lease liabilities:
Current
Operating	$	7,408	$	7,274
Finance		644		624
Non-current
Operating	$	11,097	$	18,505
Finance		397		1,080
Total lease liabilities	$	19,546	$	27,483

Schedule of Components of Lease Expense

The following table shows the components of lease expense:

	Year Ended December 31,			Year Ended December 31,
(In thousands)	2020			2019
Finance lease cost:
Amortization of leased assets	$	686		$	298
Interest of lease liabilities		86			51
Operating lease cost		7,872			8,817
Total lease cost before subleases	$	8,644		$	9,166
Sublease income		(5,452	)		(5,479	)
Total lease cost, net	$	3,192		$	3,687

Schedule of Weighted Average Remaining Term and Discount Rates

The following provides information related to the lease term and discount rate as of December 31, 2020:

Weighted Average Remaining Lease Term (years)
Operating leases	2.6
Finance leases	1.6

Weighted Average Discount Rate
Operating leases	4.8	%
Finance leases	5.9	%

Schedule of Maturities of Lease Liabilities

As of December 31, 2020, maturities of lease liabilities for each of the next five years and thereafter were as follows:

	Operating Leases								Financing
(In thousands)	Lease Payments			Sublease Receipts			Net		Leases
2021		8,115			(5,699	)		2,416		686
2022		7,957			(5,732	)		2,225		403
2023		2,518			(957	)		1,561		—
2024		1,083			—			1,083		—
Total lease payments		19,673		$	(12,388	)	$	7,285		1,089
Less: interest		(1,168	)							(48	)
Present value of lease liabilities	$	18,505							$	1,041

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

	Year Ended December 31,			Year Ended December 31,
(In thousands)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flow attributable to operating leases	$	(3,492	)	$	(4,626	)
Operating cash flow attributable to finance leases		(86	)		(51	)
Financing cash flow attributable to finance leases		(622	)		(274	)

Supplemental noncash information:
Right-of-use assets obtained in exchange for operating lease liabilities ⁽¹⁾		—			31,538
Right-of-use assets obtained in exchange for finance lease liabilities ⁽²⁾		—			1,978

(1)

No new operating leases were entered into during the year ended December 31, 2019. Amount shown is due to the adoption of ASC 842 and one lease modification that resulted in a noncash remeasurement of the related right-of-use asset and operating lease liability. Amount shown reflects balance as of January 1, 2019, adjusted for lease modification.

(2)

Amount shown is due to the adoption of ASC 842 and one new finance lease for $1.8 million entered into during the year ended December 31, 2019. In addition to such lease, amount shown reflects balance as of January 1, 2019.