Lease Accounting (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of lease cost

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

	Three months ended March 31,
	2020		2019
	(In thousands)
Lease cost
Operating lease cost	$	4,601	$	4,685
Short-term lease cost	48		32
Variable lease cost	(9)		2
Less: Sublease income	(28)		(18)
Total operating lease cost	$	4,612	$	4,701

	Three months ended March 31, 2020
	(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	$	5,100
ROU assets obtained in exchange for new operating lease liabilities	$	443
Weighted-average remaining lease term for operating leases	7.9 years
Weighted-average discount rate for operating leases	3.2		%

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 March 31, 2020:

	March 31, 2020
	(In thousands)
Remainder of 2020	$	14,962
2021	19,974
2022	19,934
2023	18,984
2024	12,961
Thereafter	44,194
Total future minimum lease payments	131,009
Less: Amounts representing interest	(17,435)
Present value of net future minimum lease payments	$	113,574