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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Lease, Cost The Company’s total operating lease cost is comprised of the following:
Year Ended December 31,
(In Thousands)20202019
Operating Lease cost:
  Operating Lease cost classified within Operating Expenses1
$4,481 $4,253 
  Sublease Receipts2
— — 
Total Operating Lease cost:$4,481 $4,253 
1 Short-term and variable lease expenses were not significant during the years ended December 31, 2020 and 2019. Short-term lease expense is defined as leases with a lease term of greater than one month, but not greater than 12 months. The Company also incurred $4.7 million of rental expense during the year ended December 31, 2018 under ASC 840, Leases.
2 The Company did not have any subleases in which it remained as the primary obligor during 2020 or 2019, and currently does not anticipate receiving any future sublease receipts.
Supplemental Cash Flow Information
Additional information regarding the Company’s leasing activities as a lessee is as follows:
Year Ended December 31,
(In Thousands)20202019
Cash Paid for amounts included in measurement of Lease Liabilities:
  Operating Cash Flows for Operating Leases$5,252 $4,497 
Total Cash paid for amounts included in measurement of Lease Liabilities5,252 4,497 
Right-of-Use Assets obtained in exchange for new Operating Lease Liabilities$— $4,379 
Assets And Liabilities, Lessee
Supplemental balance sheet information related to leases is as follows:
December 31,
(In Thousands)Balance Sheet Classification20202019
Assets
Total Lease AssetsOperating Lease Right-of-Use Assets$20,613 $24,279 
Liabilities
Total Lease LiabilitiesOperating Lease Liabilities$29,516 $33,904 
Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term
December 31,
20202019
Weighted Average Discount Rate1
Weighted Average Remaining Lease Term (in years)
Weighted Average Discount Rate1
Weighted Average Remaining Lease Term (in years)
Operating Leases3.4 %5.73.4 %6.4
1 Upon adoption of ASC 842, discount rates for existing operating leases were established as of January 1, 2019.
Operating Lease, Liability, Maturity The table also includes a reconciliation of the future undiscounted cash flows to the present value of operating lease liabilities included in the consolidated balance sheets.
(In Thousands)
Total
2021$5,702 
20225,767 
20235,373 
20245,197 
20254,160 
Thereafter6,584 
Total Undiscounted Cash Flows32,783 
Less: Interest(3,267)
Present Value of Lease Liabilities$29,516