Leases (Tables)

9 Months Ended

Sep. 30, 2021

Components of lease expense required by ASC 842 are presented below for the three and nine months ended September 30, 2021 and 2020.


	Three Months Ended September 30,
	2021		2020
	(in thousands)
Lease cost
Operating lease cost	$	1,629	$	1,404
Short-term lease cost	122		135
Variable lease cost	73		188
Total lease cost	$	1,824	$	1,727


	Nine Months Ended September 30,
	2021		2020
	(in thousands)
Lease cost
Operating lease cost	$	4,547	$	4,153
Short-term lease cost	558		388
Variable lease cost	(458)		450
Total lease cost	$	4,647	$	4,991

Supplemental Information Required by ASC 842

Supplemental information required by ASC 842 is presented below for the nine months ended September 30, 2021 and 2020.


	Nine Months Ended September 30,
	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	$	4,902		$	2,793
Weighted-average remaining lease term — operating leases	4.8 years			5.1 years
Weighted-average discount rate — operating leases	4.2		%	4.9		%

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, 2021:


Period/Year	Operating Leases
	(in thousands)
October 1 to December 31, 2021	$	1,683
2022	6,131
2023	4,354
2024	2,225
2025	1,311
2026	1,337
Thereafter	2,867
Total minimum lease payments	$	19,908
Less: imputed lease discount	$	1,700
Present value of lease liabilities	$	18,208