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

6 Months Ended

Jun. 30, 2020

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

Summary of operating lease expense

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Operating lease expense:
Related Party:
Variable lease expense	$	1,183	$	1,156	$	2,371	$	2,314
Fixed lease expense		23		10		47		18
Third Party:
Variable lease expense		180		211		361		435
Fixed lease expense		368		384		738		745
Short-term lease expense		—		12		4		26
Total operating lease expense	$	1,754	$	1,773	$	3,521	$	3,538
Other information concerning operating leases:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,793	$	1,794	$	3,630		3,577
Short-term lease payments not included in the measurement of lease liabilities		—		12		4		26

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

	June 30, 2020			December 31, 2019
Weighted average remaining term in years		7.99			8.02
Weighted average discount rate		3.55	%		3.46	%

Schedule of operating lease liabilities

Year (in thousands)	Related Party		Third Party		Total
2020	$	2,283	$	1,345	$	3,628
2021		4,194		2,525		6,719
2022		3,332		2,120		5,452
2023		3,332		1,600		4,932
2024		3,205		1,173		4,378
Thereafter		12,718		3,376		16,094
Total undiscounted cash flows	$	29,064	$	12,139	$	41,203
Discount applied to cash flows		(4,103)		(1,529)		(5,632)
Total discounted cash flows reported as operating lease liabilities	$	24,961	$	10,610	$	35,571