RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

Summary of operating lease expense

Year Ended December 31, (in thousands)	2019
Operating lease expense:
Related Party:
Variable lease expense	$	4,690
Fixed lease expense		37
Third Party:
Variable lease expense		883
Fixed lease expense		1,505
Short-term lease expense		62
Total operating lease expense	$	7,177
Other information concerning operating leases:
Cash paid for amounts included in the measurement of operating lease liabilities	$	7,175
Short-term lease payments not included in the measurement of lease liabilities		62

Schedule of weighted average remaining term and weighted average discount rate for operating leases

	December 31, 2019
Weighted average remaining term in years		8.02
Weighted average discount rate		3.46	%

Schedule of operating lease liabilities

Year (in thousands)	Related Party		Third Party		Total
2020	$	4,608	$	2,590	$	7,198
2021		4,194		2,371		6,565
2022		3,332		1,966		5,298
2023		3,332		1,441		4,773
2024		3,205		1,017		4,222
Thereafter		12,718		1,950		14,668
Total undiscounted cash flows	$	31,389	$	11,335	$	42,724
Discount applied to cash flows		(4,554)		(1,640)		(6,194)
Total discounted cash flows reported as operating lease liabilities	$	26,835	$	9,695	$	36,530