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LEASES (Tables)
3 Months Ended
Jun. 30, 2020
Leases  
Schedule of components of lease expense and other lease information

For the Three-Month Periods

For the Six-Month Periods

Ended June 30,

Ended June 30,

(in thousands)

2020

 

2019

 

2020

 

2019

Operating lease cost

$

1,370

$

1,445

$

2,776

$

2,927

Variable lease cost

320

892

675

1,210

Sublease income

(42)

-

(42)

-

Total lease cost

$

1,648

$

2,337

$

3,409

$

4,137

Cash paid for amounts included in measurement of lease liabilities

Operating cash outflows from operating leases

$

1,503

$

1,402

$

2,990

$

2,797

ROU assets obtained in exchange for new operating lease liabilities

$

-

$

231

$

15

$

951

Reduction to ROU assets resulting from reduction to lease liabilities

$

-

$

1,279

$

-

$

1,279

Other non-cash reductions to ROU assets

$

-

$

-

$

1,192

$

-

(in thousands)

June 30, 2020

    

December 31, 2019

Operating lease ROU assets

$

18,648

$

22,335

Operating lease liabilities

$

21,766

$

24,475

Weighted-average remaining lease term - operating leases

4.26

years

4.69

years

Weighted-average discount rate - operating leases

2.34

%

2.33

%

Schedule of future minimum lease payments under non-cancellable leases

(in thousands)

June 30, 2020

2020

$

3,002

2021

5,976

2022

5,904

2023

4,386

2024

2,334

Thereafter

1,365

Total future minimum lease payments

$

22,967

Less imputed interest

(1,201)

Total operating lease liability

$

21,766