ACCOUNTING FOR LEASES (Tables)

9 Months Ended

Sep. 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		Nine months ended
	September 30, 2019		September 30, 2019
Short-term lease costs	$	82	$	258
Long-term lease costs		372		1,114
Total lease costs	$	454	$	1,372

Schedule of future minimum lease payments

Following is the undiscounted cash flow for the remaining three 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	$	368
2020		1,446
2021		1,432
2022		1,078
2023		1,072
Thereafter		19,084
Total minimum lease payments		24,480
Less: amount of lease payment representing interest		(8,694)
Present value of future minimum payments		15,786
Less: current obligations under leases		(797)
Long-term lease obligations	$	14,989