XML 42 R32.htm IDEA: XBRL DOCUMENT v3.20.2
LEASES (Tables)
6 Months Ended
Jun. 30, 2020
LEASES  
Summary of lease costs

Three Months Ended

Six Months Ended

(In thousands)

    

June 30, 2020

    

June 30, 2019

    

June 30, 2020

    

June 30, 2019

Lease cost

Operating lease cost

$

1,867

$

1,688

$

3,805

$

3,351

Sublease income

(11)

 

(15)

(22)

 

(39)

Total lease cost

$

1,856

$

1,673

$

3,783

$

3,312

Summary of supplemental cash flow and balance sheet information related to operating leases

Six Months Ended

(Dollars in thousands)

    

June 30, 2020

    

June 30, 2019

Cash paid for amounts included in the measurement of lease liabilities

 

  

 

    

Operating cash flows from operating leases

$

3,596

$

3,441

Operating right-of-use assets obtained in exchange for lease liabilities

$

$

39,825

June 30, 2020

December 31, 2019

Weighted-average remaining lease term-operating leases

7.7

years

7.8

years

Weighted-average discount rate-operating leases (1)

 

3.20

%

3.20

%

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

(In thousands)

    

June 30, 2020

December 31, 2019

2020

$

3,378

$

7,011

2021

6,878

 

6,974

2022

 

6,754

 

6,802

2023

5,853

 

5,853

2024

 

5,594

 

5,595

Thereafter

 

20,577

 

20,324

Total operating lease payments

$

49,034

$

52,559

Less: Interest

(5,903)

(6,582)

Present value of operating lease liabilities

$

43,131

$

45,977