LEASES (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Operating lease maturity schedule

The following table presents the maturity analysis of the Company's operating lease liabilities showing the aggregate lease payments as of March 31, 2020.

(in thousands)	March 31, 2020
2020 (remaining nine months)	$	835
2021	1,377
2022	1,662
2023	1,712
2024	1,763
2025 and thereafter	4,959
Total lease payments (1)	12,308
Less: imputed interest	(2,578)
Total operating lease liabilities	$	9,730

(1) As noted above, the operating lease for the Second Expansion Premises is expected to commence on September 1, 2020 and therefore the lease related to the Second Expansion Premises is not recognized on the condensed consolidated balance sheet as of March 31, 2020. As of March 31, 2020, 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.