COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Components of lease expense

For the three and six months ended June 30, 2020 and 2019, the components of the Company’s total lease costs are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease costs	$	769	$	770	$	1,538	$	1,538
Finance lease costs	80		61		146		122
Total lease costs	$	849	$	831	$	1,684	$	1,660

Schedule of right of use assets and lease liabilities

The Company’s right-of-use assets and lease liabilities are as follows (in thousands):

	June 30, 2020		December 31, 2019
Right-of-use assets:
Operating(1)	$	3,719	$	4,863
Finance(2)	4,415		3,979
Lease liabilities:
Operating(3)	11,545		12,590
Finance	3,767		3,379

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(1)Included in other assets on the accompanying condensed consolidated balance sheets.

(2)Included in property and equipment, net on the accompanying condensed consolidated balance sheets.

(3)Included in accounts payable and accrued liabilities on the accompanying condensed consolidated balance sheets.

Maturities of finance lease liabilities

Maturities of lease liabilities as of June 30, 2020, are as follows (in thousands):

Years Ending December 31,	Operating Leases			Finance Leases
Remainder of 2020	$	1,460		$	307
2021	2,220			738
2022	806			397
2023	552			400
2024	503			402
2025	503			429
Thereafter	77,091			2,671
Total	$	83,135		$	5,344
Total discounted lease liability	$	11,545		$	3,767
Difference between undiscounted cash flows and discounted cash flows	$	71,590		$	1,577
Weighted-average remaining lease term	47 years			11 years
Weighted-average discount rate	6.4		%	6.7		%

Maturities of operating lease liabilities

Maturities of lease liabilities as of June 30, 2020, are as follows (in thousands):

Years Ending December 31,	Operating Leases			Finance Leases
Remainder of 2020	$	1,460		$	307
2021	2,220			738
2022	806			397
2023	552			400
2024	503			402
2025	503			429
Thereafter	77,091			2,671
Total	$	83,135		$	5,344
Total discounted lease liability	$	11,545		$	3,767
Difference between undiscounted cash flows and discounted cash flows	$	71,590		$	1,577
Weighted-average remaining lease term	47 years			11 years
Weighted-average discount rate	6.4		%	6.7		%