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Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Components of Lease Expense
The following table presents the components of lease expense for the periods ended:
Three months ended March 31,
(in thousands)20212020
Operating lease cost$1,258 $1,294 
Short-term lease cost61 63 
Variable lease cost(2)
Sublease income(13)(34)
Total lease cost$1,304 $1,329 
Supplemental Cash Flow Information Related to Leases
The following table presents supplemental cash flow information related to leases for the periods ended:
Three months ended March 31,
(in thousands)20212020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,204 $1,237 
ROUA obtained in exchange for operating lease liabilities$1,308 $3,393 
Weighted Average Operating Lease Term And Discount Rate
The following table presents the weighted average operating lease term and discount rate as of the period ended:
March 31,
20212020
Weighted-average remaining lease term (years)9.810.3
Weighted-average discount rate3.03 %3.17 %
Future Expected Operating Lease Payments
At March 31, 2021, future expected operating lease payments are as follows:
(in thousands)
Periods ending December 31,
2021$3,505 
20224,320 
20233,649 
20243,377 
20252,916 
Thereafter14,933 
32,700 
Discount for present value of expected cash flows(4,920)
Lease liability at March 31, 2021$27,780