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Leases (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Components of Lease Expense and Other lease Information

For the Three Months

For the Nine Months

Ended September 30,

Ended September 30,

(in thousands)

 

2022

 

2021

 

2022

 

2021

Operating lease cost

$

1,272

$

1,326

$

3,686

$

4,005

Variable lease cost

339

348

1,073

1,090

Sublease income

(139)

(123)

(416)

(369)

Total lease cost

$

1,472

$

1,551

$

4,343

$

4,726

Cash paid for amounts included in measurement of lease liabilities

Operating cash outflows from operating leases

$

1,387

$

1,490

$

3,987

$

4,455

ROU assets obtained in exchange for new operating lease liabilities

$

54

$

4,434

$

2,485

$

4,699

Reduction to ROU assets resulting from reduction to lease liabilities

$

$

$

$

1,250

Other non-cash reductions to ROU assets

$

$

48

$

73

$

48

(in thousands)

 

September 30, 2022

 

December 31, 2021

Operating lease ROU assets

$

13,749

$

14,765

Operating lease liabilities

$

15,658

$

16,905

Weighted-average remaining lease term - operating leases

4.31

years 

4.52

years

Weighted-average discount rate - operating leases

2.07

%

2.02

%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

(in thousands)

 

September 30, 2022

2022

$

1,448

2023

5,529

2024

3,552

2025

2,138

2026

1,285

2027

826

Thereafter

1,589

Total future minimum lease payments

$

16,367

Less imputed interest

(709)

Total operating lease liability

$

15,658