Leases (Tables)

12 Months Ended

Dec. 31, 2020

Information related to the Company's total lease costs were as follows (in thousands):

	Year Ended
	December 31, 2020		December 31, 2019
Operating lease cost	$	8,352	$	7,825
Variable lease cost		928		1,068
Short-term lease cost		709		304
Total lease cost	$	9,989	$	9,197

Summary of Information Related to ROU Assets and Related Lease Liabilities

Information related to the Company's ROU assets and related lease liabilities were as follows (in thousands):

	Year Ended
	December 31, 2020			December 31, 2019
Cash paid for operating lease liabilities	$	8,136		$	7,479
Right-of-use assets obtained in exchange for new operating lease obligations ⁽¹⁾		6,444			30,792

(1) The 2019 year-end balance includes $25.8 million for operating leases existing on January 1, 2019 and $5.0 million for operating leases that commenced in 2019.

	December 31, 2020			December 31, 2019
Weighted-average remaining lease term	3.7 years			3.9 years
Weighted-average discount rate	3.9		%	4.3		%

Reconciliation of Undiscounted Future Minimum Lease Payments Under Noncancellable Operating Leases

The table below reconciles the undiscounted future minimum lease payments (displayed by year and in the aggregate) under noncancellable operating leases with terms of more than one year to the total operating lease liabilities recognized on the consolidated balance sheets as of December 31, 2020 (in thousands):

2021	$	8,314
2022		6,833
2023		5,309
2024		3,309
2025		1,153
Thereafter		728
Total undiscounted future minimum lease payments		25,646
Less: Difference between undiscounted lease payments and discounted operating lease liabilities		1,688
Total operating lease liabilities	$	23,958
Current operating lease liabilities	$	7,539
Long-term operating lease liabilities		16,419
Total operating lease liabilities	$	23,958