Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2019

Leases, Operating [Abstract]

Operating Leases Expense

Components of lease expense required by ASC 842 are presented below for the year ended December 31, 2019.

	Year ended December 31, 2019
	(in thousands)
Lease Cost1
Operating lease cost	$	4,699
Short-term lease cost	830
Variable lease cost	591
Total lease cost	$	6,120

^1.ASC 842 was adopted as of January 1, 2019. As such, prior period numbers remain unadjusted and in accordance with prior U.S. GAAP.

Supplemental Information

Supplemental information required by ASC 842 is presented below for the year ended December 31, 2019.

	Year ended December 31, 2019
	(dollar amounts in thousands)
Other Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,908
ROU Assets obtained in exchange for lease obligations	$	21,366
Weighted-average remaining lease term — operating leases	6.2 years
Weighted-average discount rate — operating leases	4.7		%

Future Minimum Lease Payments under Operating Leases

The following is a schedule by calendar year of future undiscounted minimum lease payments under operating leases that have remaining terms as of December 31, 2019:

Period/Year	Operating Leases
	(in thousands)
2020	$	5,179
2021	3,592
2022	2,312
2023	1,277
2024	1,285
Thereafter	5,514
Total undiscounted minimum lease payments1	$	19,159

1.As of December 31, 2019, the Company's total Lease Liabilities in the Consolidated Balance Sheet were $16.9 million, net of imputed interest of $2.3 million.

Schedule of Operating Lease Expense

Total expense for all operating leases for the years ended December 31, 2018 and 2017 was as follows:

		Year Ended December 31,
		2018		2017
	(in thousands)
Operating lease expense		$	4,039	$	3,833