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LEASES (Tables)

12 Months Ended

Dec. 31, 2020

LEASES

Summary of lease costs

​

​	​	​	​	​	​	​
​	​	Year Ended December 31,
(In thousands)		2020			2019
Lease cost	​	​	​	​	​	​
Operating lease cost	​	$	7,643	​	$	7,038
Sublease income	​	​	(37)	​	​	(95)
Total lease cost	​	$	7,606	​	$	6,943

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

​

​	​	​	​	​	​	​
​	​	​	Year Ended December 31,
(Dollars in thousands)		2020			2019
Cash paid for amounts included in the measurement of lease liabilities	​	​	​	​	​	​
Operating cash flows from operating leases	​	$	7,363	​	$	7,019
Operating right-of-use assets obtained in exchange for lease liabilities	​	$	7,843	​	$	48,101

​

​	​	​	​	​	​	​	​
​	​	December 31, 2020		​	​	December 31, 2019	​
Weighted-average remaining lease term-operating leases	​	​	7.6	years	​	7.8	years
Weighted-average discount rate-operating leases (1)	​		2.91	%	​	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)		December 31, 2020
2021	​	$	7,387
2022	​	​	7,260
2023	​		6,548
2024	​	​	6,297
2025	​		6,177
Thereafter	​		18,649
Total operating lease payments	​	$	52,318
Less: Interest	​	​	(5,605)
Present value of operating lease liabilities	​	$	46,713

X

- 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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X

- 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

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- References

No definition available.

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X

- 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

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