LEASES (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020		2019
Operating lease cost	$	537	$	430
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	—	$	8,273

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:

	March 31, 2020
Weighted average remaining lease term (in years)		7.3
Weighted average discount rate		5.5	%

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

Undiscounted future minimum lease payments as of March 31, 2020, 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
2020 (1)	$	1,415
2021		1,252
2022		1,183
2023		1,044
2024		987
Thereafter		3,807
Total lease payments		9,688
Less: Imputed interest		(1,737	)
Present value of lease payments	$	7,951

(1) Scheduled maturities of lease liabilities represent the time-period of April 1, 2020 to December 31, 2020.