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LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Operating Lease Cost and Supplemental Cash Flow Information Related to Operating Leases

The following table presents the Company’s operating lease cost and supplemental cash flow information related to the Company’s operating leases (in thousands):

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Operating lease cost	$	430	$	860
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	—	$	8,273

Schedule of Weighted Average Assumptions Used to Compute Right-of-use Assets and Lease Liabilities

The following table presents weighted average assumptions used to compute the Company’s right-of-use assets and lease liabilities:

	June 30, 2019
Weighted average remaining lease term (in years)		8.2
Weighted average discount rate		5.5	%

Schedule of Undiscounted Future Minimum Lease Payments Having Non-cancelable Lease Terms

Undiscounted future minimum lease payments as of June 30, 2019, by year and in the aggregate, having non-cancelable lease terms in excess of one year were as follows (in thousands):

	Maturities of Operating Lease Liabilities
2019 ⁽¹⁾	$	826
2020		1,513
2021		833
2022		833
2023		833
Thereafter		4,687
Total lease payments		9,525
Less imputed interest		(1,891	)
Present value of lease payments	$	7,634

(1)	Scheduled maturities of lease liabilities represent the time-period of July 1, 2019 to December 31, 2019.

Schedule of Future Minimum Lease Payments Having Non-cancelable Lease Terms

Future minimum lease payments as of December 31, 2018, by year and in the aggregate, having non-cancelable lease terms in excess of one year were expected to be as follows (in thousands):

	Total Minimum Lease Payments
2019	$	1,652
2020		1,512
2021		833
2022		833
2023		833
Thereafter		4,721
Total lease payments	$	10,384