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Leases
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases Leases
All of the Company's leases qualify as operating leases and consist primarily of leases for office locations, which have remaining initial lease terms ranging from 0.3 to 9.3 years and a weighted average remaining lease term of 6.3 years. The Company has options to renew some of its leases for periods ranging from 3.0 to 15.0 years, depending on the lease. None of the Company's renewal options were considered reasonably assured of being exercised and, therefore, were excluded from the initial lease term used to determine the Company's ROU asset and lease liability. The Company's ROU asset, recorded in other assets, and lease liability, recorded in other liabilities in the Consolidated Balance Sheets, at December 31, 2020 were $17.1 million and $24.8 million, respectively. The weighted average discount rate used to measure the Company's lease liability was 4.73% at December 31, 2020.
Lease expense totaled $5.1 million, $5.1 million and $6.9 million for fiscal years 2020, 2019 and 2018, respectively. Cash payments relating to operating leases during 2020 were $5.9 million.
Lease liability maturities as of December 31, 2020 were as follows:
Amount
(in thousands)
2021$5,774 
20224,731 
20234,406 
20243,760 
20253,185 
Thereafter7,213 
Total lease payments29,069 
Less: Imputed interest4,264 
Present value of lease liabilities$24,805