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COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Lease Costs and Cash Flow Transactions Arising From Lease Transactions

The Company recognized the following lease costs arising from lease transactions (in thousands):  

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Operating lease cost

 

$

781

 

 

$

781

 

The Company recognized the following cash flow transactions arising from lease transactions (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

803

 

 

$

783

 

Right-of-use assets obtained in exchange for new operating lease liabilities

 

 

 

 

 

 

Schedule of Future Minimum Payments and Interest Expense for Operating Leases

At March 31, 2021, the future payments and interest expense for the operating leases are as follows (in thousands):

 

Year Ending December 31,

 

Future Payments

 

The remainder of 2021

 

$

2,044

 

2022

 

 

2,659

 

2023

 

 

2,738

 

2024

 

 

2,774

 

2025

 

 

2,096

 

2026

 

 

147

 

Total undiscounted cash flows

 

$

12,458

 

Less: imputed interest

 

 

(1,924

)

Present value of lease liabilities

 

$

10,534