Lease Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Components of lease expense required by ASC 842 are presented below for the years ended December 31, 2020 and 2019.


	Year Ended December 31,
	2020		2019
	(in thousands)
Lease cost
Operating lease cost	$	5,381	$	4,699
Short-term lease cost	738		830
Variable lease cost	464		591
Total lease cost	$	6,583	$	6,120

Schedule of Supplemental Information Required by ASC 842

Supplemental information required by ASC 842 is presented below for the years ended December 31, 2020 and 2019.


	Year Ended December 31,
	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	$	5,690		$	4,908
ROU Assets obtained in exchange for lease obligations1	$	5,410		21,366
Weighted-average remaining lease term — operating leases	5.4 years			6.2 years
Weighted-average discount rate — operating leases	4.5		%	4.7		%

1.ROU Assets obtained in exchange for lease obligations for the year ended December 31, 2019 includes the amount initially capitalized in conjunction with the adoption of ASC 842.

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 December 31, 2020:


Period/Year	Operating Leases
	(in thousands)
2021	5,322
2022	4,199
2023	2,329
2024	1,299
2025	1,311
Thereafter	4,204
Total minimum lease payments	$	18,664
Less: imputed lease discount	$	1,962
Present value of lease liabilities	$	16,702