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

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For the Three-Month Periods

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For the Six-Month Periods

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Ended June 30,

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Ended June 30,

(in thousands)

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2020

 

2019

 

2020

 

2019

Operating lease cost

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$

1,370

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$

1,445

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$

2,776

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$

2,927

Variable lease cost

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320

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​

892

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675

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1,210

Sublease income

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(42)

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-

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(42)

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-

Total lease cost

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$

1,648

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$

2,337

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$

3,409

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$

4,137

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Cash paid for amounts included in measurement of lease liabilities

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Operating cash outflows from operating leases

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$

1,503

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$

1,402

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$

2,990

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$

2,797

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ROU assets obtained in exchange for new operating lease liabilities

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$

-

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$

231

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$

15

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$

951

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Reduction to ROU assets resulting from reduction to lease liabilities

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$

-

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$

1,279

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$

-

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$

1,279

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Other non-cash reductions to ROU assets

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$

-

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$

-

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$

1,192

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$

-

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(in thousands)

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June 30, 2020

    

December 31, 2019

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Operating lease ROU assets

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$

18,648

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$

22,335

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Operating lease liabilities

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$

21,766

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$

24,475

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Weighted-average remaining lease term - operating leases

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4.26

years

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4.69

years

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Weighted-average discount rate - operating leases

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2.34

%

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2.33

%

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Schedule of future minimum lease payments under non-cancellable leases

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(in thousands)

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June 30, 2020

2020

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$

3,002

2021

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5,976

2022

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5,904

2023

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4,386

2024

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​

2,334

Thereafter

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1,365

Total future minimum lease payments

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$

22,967

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Less imputed interest

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(1,201)

Total operating lease liability

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$

21,766