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COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Operating lease cost

 

$

729

 

 

$

781

 

 

$

1,509

 

 

$

1,562

 

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

 

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

1,554

 

 

$

1,567

 

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

 

 

 

 

 

 

Schedule of Future Minimum Payments and Interest Expense for Operating Leases

At June 30, 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

 

$

1,293

 

2022

 

 

2,659

 

2023

 

 

2,738

 

2024

 

 

2,774

 

2025

 

 

2,096

 

2026

 

 

147

 

Total undiscounted cash flows

 

$

11,707

 

Less: imputed interest

 

 

(1,730

)

Present value of lease liabilities

 

$

9,977