Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of Lease Expense

Components of lease expense required by ASC 842 are presented below for the three months ended March 31, 2021 and 2020.

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Lease cost
Operating lease cost	$	1,439	$	1,355
Short-term lease cost	167		129
Variable lease cost	72		146
Total lease cost	$	1,678	$	1,630

Supplemental Information Required by ASC 842

Supplemental information required by ASC 842 is presented below for the three months ended March 31, 2021 and 2020.

	Three Months Ended March 31,
	2021			2020
	(dollar amounts in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	1,583		$	1,380
Weighted-average remaining lease term — operating leases	5.6 years			5.9 years
Weighted-average discount rate — operating leases	4.2		%	4.7		%

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 March 31, 2021:

Period/Year	Operating Leases
	(in thousands)
April 1 to December 31, 2021	$	4,658
2022	5,219
2023	3,334
2024	1,579
2025	1,311
2026	1,337
Thereafter	2,867
Total minimum lease payments	$	20,305
Less: imputed lease discount	1,895
Present value of lease liabilities	$	18,410