LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Operating lease maturity analysis

The following table presents the maturity analysis of the Company's operating lease liabilities showing the aggregate lease payments as of December 31, 2019.

(in thousands)	December 31, 2019
2020	$	1,108
2021	1,377
2022	1,662
2023 and thereafter	8,434
Total lease payments(1)	12,581
Less: imputed interest	(2,726)
Total operating lease liabilities	$	9,855

(1) As noted above, the operating lease for the Second Expansion Premises will commence in fiscal year 2020 and therefore the lease related to the Second Expansion Premises is not recognized on the balance sheet as of December 31, 2019. As of December 31, 2019, future minimum lease payments related to the Second Expansion Premises are expected to be $8.2 million over the lease term of 7.0 years.

ASC Topic 840 Disclosures

The following table presents the future minimum lease commitments under the Company’s operating leases as of December 31, 2018 as previously disclosed under prior lease accounting standards.

(in thousands)	December 31, 2018
2019	$	1,076
2020	1,108
2021	562
2022 and thereafter	—
Total future minimum lease payments	$	2,746