ACCOUNTING FOR LEASES (Tables)

12 Months Ended

Dec. 31, 2023

ACCOUNTING FOR LEASES

Schedule of information related to the lease costs

The table below presents information related to the lease costs for operating leases during 2023, 2022 and 2021 (in thousands):

		Year ended December 31,
	2023		2022		2021
Short-term lease costs	$	297	$	287	$	382
Long-term lease costs		1,546		1,405		1,432
Total lease costs	$	1,843	$	1,692	$	1,814

Schedule of future minimum lease payments

Following is the undiscounted cash flow for the next five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet (in thousands):

	Operating
	Leases
Year ending December 31,
2024	$	1,520
2025		1,476
2026		1,396
2027		1,403
2028		1,408
Thereafter		14,032
Total minimum lease payments		21,235
Less: amount of lease payment representing interest		(6,317)
Present value of future minimum payments		14,918
Less: current obligations under leases		(897)
Long-term lease obligations	$	14,021