LEASES (Tables)

12 Months Ended

Dec. 31, 2021

LEASES

Schedule of components of operating lease expense

For the years ended December 31, 2021 and 2020, the components of operating lease expense were as follows (in thousands):

	December 31,			December 31,
	2021			2020
Fixed operating lease expense	$	5,105	$	4,548
Variable operating lease expense	$	707	$	547
Short-term lease expense	$	237	$	234

Schedule of supplemental cash flow information related to the operating leases

Supplemental cash flow information related to the Company’s operating leases for the years ended December 31, 2021 and 2020 are as follows (in thousands):

	December 31,		December 31,
	2021		2020
Cash paid for amounts included in the measurement of operating leases	$	5,321	$	4,601
Right of use ("ROU") assets obtained in exchange for operating lease obligations	$	2,482	$	3,626
ROU assets obtained in acquisitions (Note 2)	$	1,005	$	2,735

Schedule of Lease assets and liabilities and other quantitative information

The following table presents weighted average remaining lease term and discount rates related to the Company’s operating leases as of December 31, 2021 and 2020:

	December 31,
	2021			2020
Weighted average remaining lease term (in years)		6.41			6.83
Weighted average discount rate		2.28	%		2.25	%

Schedule of maturity of the operating lease liabilities

The following table presents the maturity of the Company’s operating lease liabilities as of December 31, 2021 (in thousands):

2022	$	4,846
2023		3,537
2024		2,690
2025		2,149
2026		1,123
Thereafter		4,178
Total undiscounted cash flows	$	18,523
Less: present value discount		(1,199)
Total lease liabilities	$	17,324