LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Summary of Operating Lease Cost and Supplemental Cash Flow Information Related to Operating Leases

The following table presents the Company’s operating lease cost and supplemental cash flow information related to the Company’s operating leases (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Operating lease cost	$	1,163	$	537	$	2,536	$	1,609
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	16,103	$	—	$	26,174	$	—

Schedule Of Operating Lease Right of Use Assets and Liabilities

The following table presents the Company’s operating right-of-use assets and liabilities (in thousands):

	September 30, 2021		December 31, 2020
Right-of-use assets	$	31,627	$	8,750
Short-term lease liabilities		3,111		1,871
Long-term lease liabilities		28,516		6,879

Schedule of Weighted Average Assumptions Used to Compute Right-of-use Assets and Lease Liabilities

The following table presents weighted average assumptions used to compute the Company’s right-of-use assets and lease liabilities:

	September 30, 2021
Weighted average remaining lease term (in years)		8.8
Weighted average discount rate		2.8	%

Schedule of Undiscounted Future Minimum Lease Payments Having Non-cancelable Lease Terms

Undiscounted future minimum lease payments as of September 30, 2021, by year and in the aggregate, having non-cancelable lease terms in excess of one year were as follows (in thousands):

	Maturities of Operating Lease Liabilities
2021 (1)	$	771
2022		4,111
2023		4,032
2024		3,980
2025		4,022
Thereafter		18,656
Total lease payments		35,572
Less: Imputed interest		(3,945	)
Present value of lease payments	$	31,627

(1)Scheduled maturities of lease liabilities represent the period from October 1, 2021 to December 31, 2021.