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OPERATING LEASES
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
OPERATING LEASES OPERATING LEASESThe Company leases office space in various locations in Alabama, Pennsylvania, Minnesota, Maryland, Mississippi, and Washington. These leases have terms expiring from 2022 through 2030 but do contain optional extension terms. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term.
Supplemental balance sheet information related to operating leases was as follows:
(In thousands)March 31,
2022
Operating lease assets
Operating lease assets$8,079 
Operating lease liabilities
Other accrued liabilities2,061 
Operating lease liabilities, net of current portion6,018 
Total operating lease liabilities$8,079 
Weighted average remaining lease term in years5
Weighted average discount rate4.4%
Because our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of lease payments. We used the incremental borrowing rate on January 1, 2019, for operating leases that commenced prior to that date.
The future minimum lease payments payable under these operating leases subsequent to March 31, 2022 are as follows:
(In thousands)
2022$1,558 
20232,022 
20241,913 
20251,202 
20261,225 
Thereafter1,115 
Total lease payments9,035 
Less imputed interest(956)
Total$8,079 
Total lease expense for both the three months ended March 31, 2022 and 2021 was $0.4 million.
Total cash paid for amounts included in the measurement of lease liabilities within operating cash flows from operating leases for the three months ended March 31, 2022 was $0.4 million.