LEASES (Tables)

12 Months Ended

Dec. 31, 2021

LEASES [Abstract]

Operating Lease Assets and Liabilities

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

Leases	Balance Sheet Classification	December 31, 2021		December 31, 2020
(in thousands)
Assets:
Operating	Operating lease assets	$	10,438	$	11,772
Finance	Financing lease assets		37		44
Total assets		$	10,475	$	11,816
Liabilities:
Current
Operating	Current portion of operating lease liabilities	$	3,025	$	3,530
Finance	Current portion of finance lease liabilities		15		14
Non-current
Operating	Operating lease liabilities, non-current		8,194		9,245
Finance	Finance lease liabilities, non-current		15		29
Total lease liabilities		$	11,249	$	12,818

Lease Cost

Lease Cost	Income Statement Classification	December 31, 2021		December 31, 2020
(in thousands)
Operating lease cost	Operating expenses	$	3,664	$	3,809
Operating lease cost	Impairment expense		-		601
Short-term lease cost	Operating expenses		45		-
Variable lease cost (1)	Operating expenses		946		937
Finance: (2)
Amortization of lease assets	Operating expenses		7		-
Interest on lease liabilities	Interest expense		2		-
Total lease cost		$	4,664	$	5,347

(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 were less than $1,000 during the 2020 year.

Maturity of Lease Liabilities

	December 31, 2021
Maturity of Lease Liabilities	Operating Leases			Finance Leases
(in thousands)
2022	$	3,488		$	17
2023		2,665		$	15
2024		2,021		$	-
2025		1,386		$	-
2026		1,114		$	-
Thereafter		2,218		$	-
Total lease payments	$	12,892		$	32
Less:  Interest		(1,673	)		(2	)
Present value of lease liabilities	$	11,219		$	30

Operating Leases Other Information

Other Information	December 31, 2021		December 31, 2020
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases	$	3,876	$	3,866
Operating cash flows used in finance leases		2		-
Financing cash flows used in finance leases		14		-
Operating lease assets obtained in exchange for lease obligations
Operating leases, initial recognition		1,653		317
Operating leases, modifications and remeasurements		200		1,340
Finance leases, initial recognition		-		45

Lease Term and Discount Rate

Lease Term and Discount Rate	December 31, 2021			December 31, 2020
Weighted-average remaining lease term (years):
Operating leases		5.3			5.9
Finance leases		1.9			2.9
Weighted-average discount rate:
Operating leases		4.5	%		4.4	%
Finance leases		6.5	%		6.5	%