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LEASES (Tables)

6 Months Ended

Jun. 30, 2021

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,
	2021		2020		2021		2020
Operating lease cost	$	757	$	535	$	1,372	$	1,072
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	5,351	$	—	$	10,071	$	—

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, 2021
Weighted average remaining lease term (in years)		7.7
Weighted average discount rate		3.3	%

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

As of June 30, 2021, current operating leases had remaining terms between three months and ten years with options to extend the lease terms.

Undiscounted future minimum lease payments as of June 30, 2021, 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
2021 ⁽¹⁾	$	1,128
2022		2,578
2023		2,460
2024		2,306
2025		2,121
Thereafter		8,146
Total lease payments		18,739
Less: Imputed interest		(2,106	)
Present value of lease payments	$	16,633

(1)	Scheduled maturities of lease liabilities represent the period from July 1, 2021 to December 31, 2021.