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Leases (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Lease, Cost | Other information related to operating leases for the years ended December 31, 2020 and 2019 follows:
(Dollars in thousands) | Year ended December 31, 2020 |  | Year ended December 31, 2019
Lease cost |  |  |
Operating lease cost | $ | 3,463 |  |  | $ | 3,165 |
Sublease income | (352) |  |  | (383) |
Total lease cost | $ | 3,111 |  |  | $ | 2,782 |
Other information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 3,553 |  |  | $ | 3,192 |
ROU assets obtained in exchange for new operating lease liabilities | 7,821 |  |  | 505 |
Reductions to ROU assets resulting from reductions to lease obligations | $ | (3,084) |  |  | $ | (2,855) |
Lessee, Operating Lease, Liability, Maturity | At both December 31, 2020 and 2019, Park's operating leases had a weighted average remaining term of 7.2 years. The weighted average discount rate of Park's operating leases was 2.3% and 3.1% at December 31, 2020 and 2019, respectively. Undiscounted cash flows included in lease liabilities at December 31, 2020 have expected contractual payments as follows:
(in thousands) | December 31, 2020
2021 | $ | 3,062 |
2022 | 2,955 |
2023 | 2,840 |
2024 | 1,755 |
2025 | 1,415 |
Thereafter | 5,404 |
Total undiscounted minimum lease payments | $ | 17,431 |
Less: imputed interest | (1,378) |
Total lease liabilities | $ | 16,053 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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