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LEASES (Tables) | 12 Months Ended
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Dec. 31, 2019
LEASES |
Summary of lease costs |
|  | Year Ended
(In thousands) |  | December 31, 2019
Lease cost |  |  |
Operating lease cost |  | $ | 7,038
Sublease income |  |  | (95)
Total lease cost |  | $ | 6,943
Summary of supplemental cash flow and balance sheet information related to operating leases |
|  | Year Ended
(Dollars in thousands) |  | December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash flows from operating leases |  | $ | 7,019
Operating right-of-use assets obtained in exchange for lease liabilities |  | $ | 48,101
|  | December 31, 2019 |
Weighted-average remaining lease term-operating leases |  |  | 7.8 | years
Weighted-average discount rate-operating leases (1) |  |  | 3.20 | %
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 |
(In thousands) |  | December 31, 2019
2020 |  | $ | 7,011
2021 |  |  | 6,974
2022 |  |  | 6,802
2023 |  |  | 5,853
2024 |  |  | 5,595
Thereafter |  |  | 20,324
Total operating lease payments |  | $ | 52,559
Less: Interest |  |  | (6,582)
Present value of operating lease liabilities |  | $ | 45,977

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- Definition The tabular disclosure of supplemental cash flow and balance sheet information related to operating leases. + References No definition available. + Details
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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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