LEASES (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Operating lease right-of-use assets and liabilities

Operating lease right-of-use assets and lease liabilities are as follows (dollar amounts in thousands):

	December 31, 2019		January 1, 2019
Assets:
Operating lease right-of-use assets	$	23,951	$	23,143
Liabilities:
Current	4,941		4,426
Long-term	20,213		19,566
Total operating lease liabilities	$	25,154	$	23,992

Approximate aggregate commitments under non-cancelable operating leases

The approximate aggregate commitments under non-cancelable operating leases in effect at December 31, 2019 were as follows (dollar amounts in thousands):

2020	$	5,928
2021	5,055
2022	3,550
2023	3,053
2024	2,913
Thereafter	8,849
Total lease payments	$	29,348
Less: Imputed interest (1)	4,194
Present value of lease liabilities	$	25,154

(1) Calculated using our corporate borrowing rate based on the term of each lease ranging from 4.09 percent to 4.29 percent.

Future minimum rental commitments

As of December 31, 2018, future minimum rental commitments for non-cancelable operating leases were as follows (dollar amounts in thousands):

2019	$	5,646
2020	4,692
2021	3,864
2022	2,367
2023	2,162
Thereafter	10,296
Total	$	29,027