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LEASES (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	535	$	430	$	1,072	$	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, 2020
Weighted average remaining lease term (in years)		7.3
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, 2020, 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
2020 ⁽¹⁾	$	898
2021		1,252
2022		1,183
2023		1,044
2024		987
Thereafter		3,789
Total lease payments		9,153
Less: Imputed interest		(1,630	)
Present value of lease payments	$	7,523

(1)	Scheduled maturities of lease liabilities represent the time-period of July 1, 2020 to December 31, 2020.