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LEASES (Tables) | 6 Months Ended
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Jun. 30, 2019
LEASES. |
Summary of lease costs |
|  | Three Months Ended |  | Six Months Ended
(In thousands) |  | June 30, 2019 |  | June 30, 2019
Lease cost |  |  |  |  |  |
Operating lease cost |  | $ | 1,688 |  | $ | 3,351
Sublease income |  |  | (15) |  |  | (39)
Total lease cost |  | $ | 1,673 |  | $ | 3,312
Summary of supplemental cash flow and balance sheet information related to operating leases |
|  | Six Months Ended |
(Dollars in thousands) |  | June 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 3,441 |
Operating right-of-use assets obtained in exchange for lease liabilities |  | $ | 39,825 |
|  | June 30, 2019 |
Weighted-average remaining lease term-operating leases |  |  | 8.2 | years
Weighted-average discount rate-operating leases (1) |  |  | 3.41 | %
| 1) |  | The Company computes the present value of operating lease liabilities using its incremental borrowing rate as the discount rate.
Summary of maturities of operating lease liabilities as of June 30, 2019 |
(In thousands) |  | June 30, 2019
2019 |  | $ | 3,088
2020 |  |  | 6,046
2021 |  |  | 5,946
2022 |  |  | 5,742
2023 |  |  | 4,759
Thereafter |  |  | 21,124
Total operating lease payments |  | $ | 46,705
Less: Interest |  |  | (6,442)
Present value of operating lease liabilities |  | $ | 40,263
Summary of maturities of operating lease liabilities as of December 31, 2018 |
(In thousands) |  | December 31, 2018
2019 |  | $ | 7,248
2020 |  |  | 6,504
2021 |  |  | 6,185
2022 |  |  | 5,903
2023 |  |  | 4,695
Thereafter |  |  | 18,687
Total operating lease payments |  | $ | 49,222

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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=77888426&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=77888426&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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