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

3 Months Ended

Mar. 31, 2020

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

Summary of operating lease expense

	Three Months Ended
	March 31,
(in thousands)	2020		2019
Operating lease expense:
Related Party:
Variable lease expense	$	1,182	$	1,158
Fixed lease expense		10		23
Third Party:
Variable lease expense		180		224
Fixed lease expense		368		361
Short-term lease expense		13		15
Total operating lease expense	$	1,753	$	1,781
Other information concerning operating leases:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,838	$	1,803
Short-term lease payments not included in the measurement of lease liabilities		13		15

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

	March 31, 2020			December 31, 2019
Weighted average remaining term in years		7.91			8.02
Weighted average discount rate		3.44	%		3.46	%

Schedule of operating lease liabilities

Year (in thousands)	Related Party		Third Party		Total
2020	$	3,445	$	1,893	$	5,338
2021		4,194		2,360		6,554
2022		3,332		1,955		5,287
2023		3,332		1,435		4,767
2024		3,205		1,008		4,213
Thereafter		12,718		1,905		14,623
Total undiscounted cash flows	$	30,226	$	10,556	$	40,782
Discount applied to cash flows		(4,324)		(921)		(5,245)
Total discounted cash flows reported as operating lease liabilities	$	25,902	$	9,635	$	35,537