LEASES (Tables)

6 Months Ended

Jun. 30, 2019

LEASES

Schedule of components of operating lease expense

For the three and six months ended June 30, 2019, the components of operating lease expense were as follows (in thousands):

	Three months ended		Six months ended
	June 30,2019		June 30, 2019
Fixed operating lease expense	$	1,023	$	2,039
Variable operating lease expense		40		79
	$	1,063	$	2,118

Schedule of supplemental cash flow information related to the operating leases

Supplemental cash flow information related to the Company’s operating leases for the six-month period ended June 30, 2019 was as follows (in thousands):

Cash paid for amounts included in the measurement of operating leases	$	2,069
ROU assets obtained in exchange for operating lease obligations	$	20,529

Schedule of Lease assets and liabilities and other quantitative information

The following table presents the lease balances within the Condensed Consolidated Balance Sheet, weighted average remaining lease term, and weighted average discount rates related to the Company’s operating leases as of June 30, 2019 (in thousands except for the weighted average remaining lease term and weighted average discount rate):

Lease assets and liabilities	Classification	Amount
Assets:
Right of use asset	Other long-term assets	$	18,164
Liabilities:
Current
Right of use liability, current	Accrued liabilities	$	3,475
Long-term
Right of use liability, long-term	Other long-term liabilities		15,206
Total ROU lease liabilities		$	18,681
Weighted average remaining lease term			9 years
Weighted average discount rate			2.9	%

Schedule of maturity of the operating lease liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of June 30, 2019 (in thousands):

2020	$	3,958
2021		3,195
2022		2,612
2023		2,129
2024		1,832
Thereafter		6,992
Total undiscounted cash flows		20,718
Less: present value discount		(2,037)
Total lease liabilities	$	18,681