COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2022

COMMITMENTS AND CONTINGENCIES

Schedule of lease cost and other information

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

	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Operating leases	$	1,390	$	1,308	$	4,179	$	3,757
Variable lease costs (including insignificant short-term leases)		329		215		941		679
Sublease income as primary obligor		(277)		(253)		(810)		(752)
Total lease costs	$	1,442	$	1,270	$	4,310	$	3,684

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

	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
Cash outflows for operating leases	$	1,181	$	1,115	$	3,750	$	3,521
Weighted average remaining lease term (years)		27.79		28.90		27.79		28.90
Weighted average discount rate		4.5%		4.5%		4.5%		4.5%

Schedule of future minimum lease payments

Undiscounted cash flows owed by the Company to lessors pursuant to contractual agreements in effect as of September 30, 2022 and related imputed interest was as follows (in thousands):

Years ending December 31:
2022 (remainder of the year)	$	1,642
2023		5,492
2024		5,288
2025		4,850
2026		3,544
Thereafter		73,140
Total lease payments		93,956
Less imputed interest		(40,347)
Present value of operating lease liabilities	$	53,609