Leases (Tables)

12 Months Ended

Dec. 31, 2020

Leases [Abstract]

Quantitative Disclosures Related to Operating Leases

The following tables provide quantitative disclosures related to our operating leases (in thousands):

	December 31,
Balance Sheet Information	2020			2019
Assets
Operating lease right-of-use assets	$	29,958		$	36,020
Liabilities
Sundry payables and accrued expenses	$	8,719		$	8,739
Noncurrent operating lease liabilities		22,450			28,376
Total operating lease liabilities	$	31,169		$	37,115
Weighted Average Remaining Lease Term
Operating leases	5 Years			5.6 Years
Weighted Average Discount Rate
Operating leases		3.6	%		3.7	%

	Year Ended, December 31,
Expense and Cash Flow Information	2020		2019
Lease Expense
Operating lease expense (a)	$	9,203	$	8,940
Supplemental Cash Flow Information
Cash Paid for the amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,087	$	8,758
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	2,986	$	4,663

(a) Excludes expenses of approximately $2.5 million and 2.4 million for the years ended December 31, 2020 and 2019, respectively, related to non-lease components such as maintenance, property taxes, etc., and operating lease expense for leases with an initial term of 12 months or less, which is not material..

Minimum Lease Payments

Minimum Lease Payments

At December 31, 2020, we are obligated to make minimum lease payments through 2028, under operating leases, which are as follows (in thousands):

2021	$	8,945
2022		7,231
2023		5,819
2024		3,931
2025		2,960
Thereafter		5,551
Total lease payments	$	34,437
Less: Interest		(3,268	)
Present value of lease liabilities	$	31,169