Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Net Lease Cost

The table below summarizes our net lease cost:

(In thousands)	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019
Operating lease cost	$	1,806		$	5,396
Variable lease cost		524			1,782
Short-term lease cost		86			263
Sublease income		(119	)		(332	)
Total operating lease cost	$	2,297		$	7,109

Future Minimum Rental Commitments Related to Non-cancelable Operating Leases

The table below show future minimum rental commitments related to non-cancelable operating leases for the next five years and thereafter as of September 30, 2019.

(In thousands)
2019	$	1,807
2020		7,179
2021		6,429
2022		5,590
2023		4,751
Thereafter		15,892
Total lease payments	$	41,648
Less: interest		(4,878	)
Present value of lease liabilities	$	36,770

Additional Information for Operating Leases

The following table shows the weighted average remaining operating lease term, the weighted average discount rate and supplemental information on the unaudited interim consolidated statements of cash flows for operating leases:

(In thousands except for percent and period data)	September 30, 2019
Weighted average remaining lease term, in years		7.71
Weighted average discount rate		3.03	%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	4,652
ROU assets obtained in exchange for lease liabilities		38,958

Future Minimum Rental Payments Related to Non-cancelable Operating Leases

The following table shows the future minimum rental payments related to non-cancelable operating leases with original terms of one year or more as of December 31, 2018.

(In thousands)
2019	$	6,890
2020		6,467
2021		5,613
2022		4,773
2023		3,972
Thereafter		13,869
Total	$	41,584