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Leases (Tables)
6 Months Ended
Jun. 30, 2020
Leases [Abstract]  
Schedule of Lease Cost and Other Information

 

(In thousands)

Three months ended

June 30, 2020

 

 

Six months ended

June 30, 2020

 

Lease Cost

 

 

 

 

 

 

 

Operating lease cost

$

2,761

 

 

$

5,482

 

Short-term lease cost

 

1,204

 

 

 

2,383

 

Variable lease cost

 

301

 

 

 

599

 

Total lease cost

$

4,266

 

 

$

8,464

 

Other Information

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Operating cash flow from operating leases

$

2,787

 

 

$

5,534

 

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

 

828

 

 

 

1,494

 

 

Schedule of Lease Liability Payments

 

 

 

 

 

 

(In thousands)

 

 

 

 

Undiscounted Cash Flows:

 

 

 

 

2020 (excluding the six months ended June 30, 2020)

 

$

5,337

 

2021

 

 

8,844

 

2022

 

 

7,013

 

2023

 

 

5,483

 

2024

 

 

3,202

 

Subsequent to 2024

 

 

16,639

 

Total Undiscounted Cash Flows

 

$

46,518

 

Less: Imputed interest

 

 

(9,829

)

Present value

 

$

36,689

 

Current operating lease liabilities (1)

 

 

8,695

 

Non-current operating lease liabilities

 

 

27,994

 

Total lease liabilities

 

$

36,689

 

 

 

(1)

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

Schedule of Operating Leases Weighted Average, Remaining Lease Term and Discount Rate

Weighted-average remaining lease term-operating leases

 

9 Years

Weighted-average discount rate-operating leases

 

4.2%