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Leases (Tables)
3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Lease Cost and Other Information

 

(In thousands)

 

March 31, 2019

 

Lease Cost

 

 

 

 

Operating lease cost

 

$

2,688

 

Short-term lease cost

 

 

970

 

Variable lease cost

 

 

348

 

Total lease cost

 

$

4,006

 

Other Information

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flow from operating leases

 

$

2,696

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

294

 

Weighted-average remaining lease term-operating leases

 

9 Years

 

Weighted-average discount rate-operating leases

 

 

3.9

%

 

Schedule of Lease Liability Payments

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

Undiscounted Cash Flows:

 

 

 

 

2019 (excluding the three months ended March 31, 2019)

 

$

7,870

 

2020

 

 

9,192

 

2021

 

 

6,427

 

2022

 

 

5,317

 

2023

 

 

4,145

 

Subsequent to 2023

 

 

17,231

 

Total Undiscounted Cash Flows

 

$

50,182

 

Less: Imputed interest

 

 

(9,846

)

Present value

 

$

40,336

 

Current operating lease liabilities (1)

 

 

8,975

 

Non-current operating lease liabilities

 

 

31,361

 

Total lease liabilities

 

$

40,336

 

 

 

(1)

This item is included in Accrued liabilities line on the Company’s Condensed Consolidated Balance Sheet.

Schedule of Future Minimum Lease Payments Under ASC 840

As required in transition, the table below summarizes the Company’s future minimum lease payments at December 31, 2018 under ASC 840.

 

(In thousands)

 

 

 

 

Year

 

 

 

 

2019

 

$

9,740

 

2020

 

 

8,294

 

2021

 

 

6,027

 

2022

 

 

5,242

 

2023

 

 

4,101

 

Subsequent to 2023

 

 

16,593

 

Total minimum future rental payments

 

$

49,997