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Leases (Tables)
12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Components of Lease Expense and Other lease Information The components of lease expense and other lease information as of and during the years ended December 31, 2021, 2020 and 2019 are as follows:

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Operating lease cost

 

$

5,131

 

 

$

5,504

 

 

$

5,772

 

Variable lease cost

 

 

1,433

 

 

 

1,346

 

 

 

1,850

 

Sublease income

 

 

(508

)

 

 

(262

)

 

 

 

Total lease cost

 

$

6,056

 

 

$

6,588

 

 

$

7,622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in measurement of lease liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

5,738

 

 

$

5,963

 

 

$

5,711

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

4,828

 

 

$

81

 

 

$

1,388

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reduction to ROU assets resulting from reduction to lease liabilities

 

$

1,042

 

 

$

18

 

 

$

1,279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other non-cash reductions to ROU assets

 

$

48

 

 

$

1,192

 

 

$

 

 

(in thousands)

 

2021

 

 

 

2020

 

 

Operating lease ROU assets

 

$

14,765

 

 

 

$

16,200

 

 

Operating lease liabilities

 

$

16,905

 

 

 

$

19,072

 

 

Weighted-average remaining lease term - operating leases

 

4.52

 

years

 

3.87

 

years

Weighted-average discount rate - operating leases

 

2.02

 

%

 

2.32

 

%

Schedule of Future Minimum Lease Payments under Non-cancellable Leases

Future minimum lease payments under non-cancellable leases as of December 31, 2021 were as follows:

 

(in thousands)

 

2021

 

2022

 

$

5,353

 

2023

 

 

4,826

 

2024

 

 

2,844

 

2025

 

 

1,481

 

2026

 

 

884

 

Thereafter

 

 

2,283

 

Total future minimum lease payments

 

$

17,671

 

Less imputed interest

 

 

(766

)

Total operating lease liability

 

$

16,905