LEASES (Tables)

9 Months Ended

Sep. 30, 2020

LEASES

Schedule of expense, cash flow information and balance sheet information related to operating and finance leases

The components of lease cost for the three and nine months ended September 30, 2020 and 2019 was as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Finance lease cost
Amortization of right-of-use assets	$	333	$	359	$	1,033	$	1,062
Interest on lease liabilities		6		41		45		144
Total finance lease cost		339		400		1,078		1,206
Operating lease cost		391		388		1,166		1,197
Short-term lease cost		—		—		—		—
Total lease cost	$	730	$	788	$	2,244	$	2,403

Supplemental cash flow information related to leases for the nine months ended September 30, 2020 and 2019 was as follows (in thousands):

	Nine Months Ended September 30,
	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	(1,183)	$	(1,115)
Operating cash flows from finance leases	$	(49)	$	(148)
Financing cash flows from finance leases	$	(2,291)	$	(2,126)
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$	63	$	8,226
Finance leases	$	—	$	121

Supplemental balance sheet information related to leases as of September 30, 2020 and December 31, 2019 was as follows (in thousands):

	September 30,		December 31,
	2020		2019
Operating leases
Operating lease right-of-use assets	$	5,736	$	6,605
Operating lease liabilities - current	$	1,097	$	1,200
Operating lease liabilities - long-term		5,157		5,940
Total operating lease liabilities	$	6,254	$	7,140
Finance leases
Property and equipment, at cost	$	8,663	$	8,663
Accumulated depreciation		(4,267)		(3,297)
Property and equipment, net	$	4,396	$	5,366
Finance lease liabilities - current	$	55	$	2,316
Finance lease liabilities - long-term		51		96
Total finance lease liabilities	$	106	$	2,412
Weighted average remaining lease term
Operating leases		5.8 years		6.3 years
Finance leases		1.8 years		0.8 years
Weighted average discount rate
Operating leases		5.04%		5.04%
Finance leases		4.99%		4.67%

Schedule of maturities of lease liabilities

Maturities of lease liabilities as of September 30, 2020 are as follows (in thousands):

	Operating Leases		Finance Leases
October 2020 - September 2021	$	1,386	$	60
October 2021 - September 2022		1,234		42
October 2022 - September 2023		1,157		10
October 2023 - September 2024		1,180		—
October 2024 - September 2025		941		—
Thereafter		1,343		—
Total payments under lease agreements		7,241		112
Less imputed interest		(987)		(6)
Total lease liabilities	$	6,254	$	106