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LEASES (Tables)
12 Months Ended
Dec. 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):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Operating lease cost

 

$

2,091

 

 

$

1,855

 

Non-cash activity:

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations

 

$

1,948

 

 

$

9,776

 

Schedule Of Operating Lease Right of Use Assets and Liabilities

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

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Right-of-use assets

 

$

8,750

 

 

$

8,482

 

Short-term lease liabilities

 

 

1,871

 

 

 

1,606

 

Long-term lease liabilities

 

 

6,879

 

 

 

6,876

 

 

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:

 

 

 

December 31, 2020

 

Weighted average remaining lease term (in years)

 

 

6.0

 

Weighted average discount rate

 

 

4.6

%

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

Undiscounted future minimum lease payments as of December 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

 

2021

 

$

2,174

 

2022

 

 

2,093

 

2023

 

 

1,195

 

2024

 

 

1,007

 

2025

 

 

787

 

Thereafter

 

 

2,967

 

Total lease payments

 

 

10,223

 

Less: imputed interest

 

 

(1,473

)

Present value of lease payments

 

$

8,750