Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease, Cost

Other information concerning the Company’s operating leases accounted for under ASC 842 guidelines and the related expense, assets and liabilities follow:

	Three Months Ended
(in thousands)	June 30, 2020		June 30, 2019
Operating lease expense	$	502	$	651
Cash paid for operating leases included in operating cash flows	537		696
	Six Months Ended
(in thousands)	June 30, 2020		June 30, 2019
Operating lease expense	$	1,165	$	1,252
Cash paid for operating leases included in operating cash flows	1,234		1,341

Assets and Liabilities

(in thousands)	June 30, 2020			December 31, 2019
Operating lease right-of-use asset	$	3,760		$	3,853
Operating lease short-term liability included in other current liabilities	1,768			1,846
Operating lease long-term liability included in other long-term liabilities	2,031			2,020
Weighted average remaining lease term (in years)	4.57			4.66
Weighted average discount rate used in calculating right-of-use asset	3.89		%	3.56		%

Lessee, Operating Lease, Liability, Maturity

Future annual minimum lease payments as of June 30, 2020 are as follows:

(in thousands)	Amount
Remainder of 2020	$	1,074
2021	1,265
2022	540
2023	316
2024	209
2025 and thereafter	786
Total	4,190
Less interest	(380)
Present value of lease liabilities	$	3,810