XML 49 R33.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Lease, Cost The Company’s total operating lease cost is comprised of the following:
Year Ended December 31,
(In Thousands)20212020
Operating Lease cost:
  Operating Lease cost classified within Operating Expenses1
$4,753 $4,481 
Total Operating Lease cost:$4,753 $4,481 
1 Short-term and variable lease expenses were not significant during the years ended December 31, 2021 and 2020. Short-term lease expense is defined as leases with a lease term of greater than one month, but not greater than 12 months.
Supplemental Cash Flow Information
Additional information regarding the Company’s leasing activities as a lessee is as follows:
Year Ended December 31,
(In Thousands)20212020
Cash Paid for amounts included in measurement of Lease Liabilities:
  Operating Cash Flows for Operating Leases$5,710 $5,252 
Total Cash paid for amounts included in measurement of Lease Liabilities5,710 5,252 
Right-of-Use Assets obtained in exchange for new Operating Lease Liabilities35 — 
Assets and Liabilities, Lessee
Supplemental balance sheet information related to leases is as follows:
December 31,
(In Thousands)Balance Sheet Classification20212020
Assets
Total Lease AssetsOperating Lease Right-of-Use Assets$17,488 $20,613 
Liabilities
Total Lease LiabilitiesOperating Lease Liabilities$25,410 $29,516 
Schedule of Weighted-Average Discount Rate and Weighted-Average Remaining Lease Term Below is a summary of the weighted-average discount rate and weighted-average remaining lease term for the Company’s operating leases:
December 31,
20212020
Weighted Average Discount Rate
Weighted Average Remaining Lease Term (in years)
Weighted Average Discount Rate
Weighted Average Remaining Lease Term (in years)
Operating Leases3.4 %4.83.4 %5.7
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
2022$5,801 
20235,579 
20245,399 
20254,351 
20263,911 
Thereafter2,672 
Total Undiscounted Cash Flows27,713 
Less: Interest(2,303)
Present Value of Lease Liabilities$25,410