LEASES (Tables)

12 Months Ended

Dec. 31, 2020

LEASES

Schedule of components of operating lease expense

For the years ended December 31, 2020 and 2019, the components of operating lease expense were as follows (in thousands):

	December 31,			December 31,
	2020			2019
Fixed operating lease expense	$	4,548	$	4,018
Variable operating lease expense	$	547	$	499
Short-term lease expense	$	234	$	234

Schedule of supplemental cash flow information related to the operating leases

Supplemental cash flow information related to the Company’s operating leases for the years ended December 31, 2020 and 2019 are as follows (in thousands):

	December 31,		December 31,
	2020		2019
Cash paid for amounts included in the measurement of operating leases	$	4,601	$	4,886
Right of use ("ROU") assets obtained in exchange for operating lease obligations	$	3,626	$	373
ROU assets recorded upon adoption of ASC 842, Leases	$	—	$	20,344
ROU assets obtained in acquisitions (Note 2)	$	2,735	$	—

Schedule of Lease assets and liabilities and other quantitative information

The following table presents weighted average remaining lease term and discount rates related to the Company’s operating leases as of December 31, 2020 and 2019:

	December 31,
	2020			2019
Weighted average remaining lease term (in years)		6.83			8.27
Weighted average discount rate		2.25	%		2.91	%

Schedule of maturity of the operating lease liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2020 (in thousands):

2021	$	5,043
2022		4,013
2023		2,935
2024		2,282
2025		2,096
Thereafter		4,606
Total undiscounted cash flows	$	20,975
Less: present value discount		(1,334)
Total lease liabilities	$	19,641