COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2020

COMMITMENTS AND CONTINGENCIES

Schedule of lease cost and other information

Following are components of our lease costs (in thousands):

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Operating leases	$	1,165	$	1,157	$	2,347	$	2,226
Variable lease costs (including insignificant short-term leases)		215		233		426		505
Sublease income as primary obligor		(249)		(247)		(495)		(493)
Total lease costs	$	1,131	$	1,143	$	2,278	$	2,238

Other information related to our operating leases was as follows (in thousands, except lease term and discount rate):

	Three months ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Cash outflows for operating leases	$	1,078	$	756	$	2,287	$	1,970
Weighted average remaining lease term (years)		18.57		19.61		18.57		19.61
Weighted average discount rate		5.2%		5.2%		5.2%		5.2%

Schedule of future minimum lease payments

Undiscounted cash flows owed by the Company to lessors pursuant to contractual agreements in effect as of June 30, 2020 and related imputed interest was as follows (in thousands):

2020 (remainder of the year)	$	2,349
2021		4,541
2022		4,532
2023		3,993
2024		3,676
Thereafter		39,831
Total lease payments		58,922
Less imputed interest		(22,392)
Present value of operating lease liabilities	$	36,530