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ACCOUNTING FOR LEASES (Tables)
6 Months Ended
Jun. 30, 2019
ACCOUNTING FOR LEASES  
Schedule of information related to the lease costs

The table below presents information related to the lease costs for operating leases during 2019 (in thousands):

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Six months ended

 

 

 

June 30, 2019

 

June 30, 2019

 

Short-term lease costs

 

$

88

 

$

176

 

Long-term lease costs

 

 

371

 

 

742

 

Total lease costs

 

$

459

 

$

918

 

 

Schedule of future minimum lease payments

Following is the undiscounted cash flow for the remaining six months of the current year, for each of the next four years and total of the remaining years to the operating lease liabilities recorded on the balance sheet (in thousands):

 

 

 

 

 

 

 

Operating

 

 

    

Leases

 

Year ending December 31,

 

 

 

 

2019

 

$

736

 

2020

 

 

1,446

 

2021

 

 

1,432

 

2022

 

 

1,078

 

2023

 

 

1,072

 

Thereafter

 

 

19,084

 

Total minimum lease payments

 

 

24,848

 

Less: amount of lease payment representing interest

 

 

(8,866)

 

Present value of future minimum payments

 

 

15,982

 

Less: current obligations under leases

 

 

(802)

 

Long-term lease obligations

 

$

15,180