LEASES (Tables)

3 Months Ended

Mar. 31, 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 March 31,
	2021		2020
Operating lease cost	$	615	$	537
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	4,720	$	—

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):

	March 31, 2021		December 31, 2020
Right-of-use assets	$	12,819	$	8,750
Short-term lease liabilities		2,324		1,871
Long-term lease liabilities		10,495		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:

	March 31, 2021
Weighted average remaining lease term (in years)		7.3
Weighted average discount rate		3.4	%

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

As of March 31, 2021, current operating leases had remaining terms between two and eight years with options to extend the lease terms.

Undiscounted future minimum lease payments as of March 31, 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)	$	1,987
2022		2,541
2023		1,652
2024		1,474
2025		1,263
Thereafter		5,520
Total lease payments		14,437
Less: Imputed interest		(1,618	)
Present value of lease payments	$	12,819

(1) Scheduled maturities of lease liabilities represent the time-period of April 1, 2021 to December 31, 2021.