LEASES (Tables)

12 Months Ended

Dec. 31, 2020

LEASES [Abstract]

Operating Lease Assets and Liabilities

Additional information regarding the Company’s operating leases is as follows (in thousands, except for lease term and discount rate information):

Leases	Balance Sheet Classification	December 31, 2020		December 31, 2019
(in thousands)
Assets:
Operating	Operating lease assets	$	11,772	$	13,897
Finance	Financing lease assets		44		-
Total assets		$	11,816	$	13,897
Liabilities:
Current
Operating	Operating lease liabilities	$	3,530	$	3,823
Finance	Current maturities of financing lease obligations		14		-
Non-current
Operating	Operating lease liabilities, non-current		9,245		10,655
Finance	Financing lease liabilities, net of current obligation		29		-
Total lease liabilities		$	12,818	$	14,478

Lease Cost

Lease Cost	Income Statement Classification	December 31, 2020		December 31, 2019
(in thousands)
Operating lease cost	Operating expenses	$	3,809	$	4,151
Operating lease cost	Impairment expense		601		4
Variable lease cost (1)	Operating expenses		937		895
Finance:
Amortization of lease assets (2)	Operating expenses		-		-
Interest on lease liabilities (2)	Interest expense		-		-
Total lease cost		$	5,347	$	5,050

(1) Variable lease cost includes payment for certain real estate taxes, insurance, common area maintenance, and other charges related to lease agreements, which are not included in the measurement of the operating lease liabilities.

(2) Finance lease costs are less than $1,000 for December 31, 2020; we had no finance lease costs in 2019.

Maturity of Lease Liabilities

	December 31, 2020
Maturity of Lease Liabilities	Operating Leases			Finance Leases
(in thousands)
2021	$	3,591		$	16
2022		2,835			16
2023		2,035			15
2024		1,564			-
2025		1,220			-
Thereafter		3,205			-
Total lease payments	$	14,450		$	47
Less:  Interest		(1,675	)		(4	)
Present value of lease liabilities	$	12,775		$	43

Lease Term and Discount Rate

Lease Term and Discount Rate	December 31, 2020			December 31, 2019
Weighted-average remaining lease term (years):
Operating leases		5.9			6.0
Finance leases		2.9			-
Weighted-average discount rate:
Operating leases		4.4	%		4.1	%
Finance leases		6.5	%		-

Operating Leases Other Information

Other Information	December 31, 2020		December 31, 2019
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	3,866	$	4,079
Operating cash flows used in finance leases		-		-
Financing cash flows used in finance leases		1		-
Operating lease assets obtained in exchange for lease obligations
Operating leases, initial recognition		317		18,077
Operating leases, modifications and remeasurements		1,340		-
Finance leases, initial recognition		45		-