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LEASES (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

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,
		2022				2021				2022				2021
Operating lease cost		$	1,073			$	757			$	2,171			$	1,372
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations		$	—			$	5,351			$	—			$	10,071

Schedule Of Operating Lease Right of Use Assets and Liabilities

The following table presents the Company’s operating right-of-use assets and liabilities (in thousands):

		June 30, 2022				December 31, 2021
Right-of-use assets		$	28,544			$	30,614
Short-term lease liabilities			3,302				3,351
Long-term lease liabilities			25,242				27,263

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, 2022
Weighted average remaining lease term (in years)			8.1
Weighted average discount rate			2.8	%

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

Undiscounted future minimum lease payments as of June 30, 2022, 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
2022 (1)		$	2,005
2023			3,985
2024			3,933
2025			3,974
2026			3,986
Thereafter			13,944
Total lease payments			31,827
Less: Imputed interest			(3,283	)
Present value of lease payments		$	28,544

(1)Scheduled maturities of lease liabilities represent the period from July 1, 2022 to December 31, 2022.

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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