Leases (Tables)

9 Months Ended

Sep. 30, 2020

Components of lease expense required by ASC 842 are presented below for the three and nine months ended September 30, 2020 and 2019.


	Three Months Ended September 30,
	2020		2019
	(in thousands)
Lease cost
Operating lease cost	$	1,404	$	1,248
Short-term lease cost	135		88
Variable lease cost	188		150
Total lease cost	$	1,727	$	1,486


	Nine Months Ended September 30,
	2020		2019
	(in thousands)
Lease cost
Operating lease cost	$	4,153	$	3,478
Short-term lease cost	388		649
Variable lease cost	450		434
Total lease cost	$	4,991	$	4,561

Supplemental Information Required by ASC 842

Supplemental information required by ASC 842 is presented below for the nine months ended September 30, 2020 and 2019.


	Nine Months Ended September 30,
	2020			2019
	(dollar amounts in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	4,218		$	3,605
Weighted-average remaining lease term — operating leases	5.6 years			6.4 years
Weighted-average discount rate — operating leases	4.6		%	4.8		%

Schedule of Future Minimum Lease Payments

The following is a schedule by calendar year of future minimum lease payments under operating leases that have remaining terms as of September 30, 2020:


Period/Year	Operating Leases
	(in thousands)
October 1 to December 31, 2020	$	1,473
2021	5,001
2022	3,820
2023	1,950
2024	1,295
2025	1,311
Thereafter	4,204
Total minimum lease payments	$	19,054
Less: imputed lease discount	$	2,091
Present value of lease liabilities	$	16,963