Lease Accounting (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Schedule of lease cost

The following table presents information about the Company's leases as of the dates indicated.

	Three months ended September 30,			Nine months ended September 30,
	2019			2019
	(In thousands)
Lease cost
Operating lease cost	$	4,866		$	14,392
Short-term lease cost	12			41
Variable lease cost	143			147
Less: Sublease income	(27		)	(73		)
Total operating lease cost	$	4,994		$	14,507

	Nine months ended September 30,
	(In thousands, except years and percentages)
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	15,013
ROU assets obtained in exchange for new operating lease liabilities	$	10,510
Weighted-average remaining lease term for operating leases	8.2 years
Weighted-average discount rate for operating leases	3.4		%

Schedule of minimum payment obligation

The Company is obligated for minimum payments under non-cancelable operating leases. In accordance with the

terms of these leases, the Company is currently committed to minimum annual payments as follows as of September 30, 2019:

	September 30, 2019
	(In thousands)
Remainder of 2019	$	5,084
2020	20,224
2021	20,406
2022	20,360
2023	19,575
Thereafter	57,005
Total future minimum lease payments	142,654
Less: Amounts representing interest	(19,855		)
Present value of net future minimum lease payments	$	122,799

Schedule of future minimum rental payments for operating leases

The following table presents the undiscounted future minimum lease payments under the Company’s operating leases as of December 31, 2018:

	December 31, 2018
	(In thousands)
2019	$	20,053
2020	19,344
2021	19,064
2022	18,802
2023	16,552
Thereafter	41,412
Total	$	135,227